Author: Chris

Finding a way to ease your financial burden is a tough order. But once you take the time to explore your options and put a plan in place, you will begin to feel better about your financial future immediately. There is no better feeling than knowing you are able to pay all of your bills, and that the collection calls and letters have finally stopped. As with most things in life, there is more...

When you file for bankruptcy you get to make certain choices about what debts you still want to pay. Most people decide to continue making their house and car payments, so they don’t have to move or find another mode of transportation. But when you make this decision, you need to know how you will be expected to continue paying. Prior to the change in bankruptcy laws in 2005 you could simply...

Finding a solution to money troubles is a personal and private matter for most people. It can be embarrassing to be turned away at a cash register because your debit or credit card is not accepted, but it happens to more people than you might think. The number of people who have more than enough money to pay all the bills and live a lavish lifestyle is pretty low, and the need for some form...

Being prepared for what to expect during a bankruptcy case make it easier to decide whether to file. We all like to know what lies ahead, so we can plan for the things that need planning. But it is also nice to know what to expect after you have gone through a life changing event. And filing bankruptcy can be life changing, for the better! Here are five things you should expect after filing...

When tough times hit financially it can be hard to know where to turn, or what solution to try. There are all kinds of ways to get in debt, but getting out of debt does not seem to be as easy. You can try different approaches to managing your debt, like refinancing your house or taking out a credit card consolidation loan, but sometimes the best answer is to file for bankruptcy. Bankruptcy is...

There are two types of consumer bankruptcy cases; a Chapter 7 and a Chapter 13. A Chapter 7 is a total liquidation of all of your debts, expect the ones for things you want to keep. Most people need to hang on to at least their home and their car, even in bankruptcy, and so these loans still have to be paid. On the other hand, a Chapter 13 is a reorganization of debts, where you pay back less...

Most people who file bankruptcy don’t have a lot of extra money each month. For this reason a Chapter 7 case is usually preferred, because a Chapter 7 will get rid of all of your unsecured debt while a Chapter 13 will require repayment of at least a portion of unsecured balances. The amount of unsecured debt you have to pay back in a Chapter 13 bankruptcy depends on the amount of income you...

A Chapter 13 bankruptcy is like a reorganization of your debts. In a Chapter 13 you put together a repayment plan, and the Court approves the terms. Once the Court approves the terms of your plan, you will be required to abide by those terms and make the payments you proposed. This is done by making a payment each month to the Chapter 13 Trustee assigned to your case, and the Trustee then...

Being unable to pay all of your bills is scary. If this is your situation you are probably all too familiar with collection tactics such as calls at all hours of the day, letters demanding payment in full, and threats of collection lawsuits. Once you begin experiencing any of these things, it can be hard to concentrate and come up with a plan to get out of debt because your time is consumed...

If you are having a hard time paying the bills and are behind on certain things, chances are your credit score has taken a hit. Your credit score is what lenders rely upon when making loans, and a higher score usually results in being offered more favorable lending terms. The most important of these terms is typically the interest rate, and people with credit that is considered good usually...