Tag Archives: Chapter 13

How to File for Bankruptcy

by Jeff Wellington on 19. Nov, 2009 in Bankruptcy, Chapter 13, Chapter 7

Bankruptcy is a drastic way to protect yourself against creditors. For some people, filing for bankruptcy is a hard pill to swallow when they consider themselves to be responsible and efficient individuals. You should remember though that bankruptcy is designed to give you a fresh start in life so don’t hesitate to take advantage of [...]

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Bankruptcy vs. Foreclosure

by Jeff Wellington on 17. Nov, 2009 in Foreclosure and Loans

Some people are messed up between foreclosure and bankruptcy. For some, foreclosure is the preferred option because it will enable them to avoid the consequences associated with bankruptcy. However, some people prefer to take advantage of bankruptcy if it will enable them to keep their homes. Both foreclosure and bankruptcy have their own advantages and disadvantages [...]

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The New Bankruptcy Law

by Jeff Wellington on 17. Nov, 2009 in Bankruptcy

The New Bankruptcy Law, formally known as the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, came into effect last October 2005. We all know that bankruptcy filings were being used indiscriminately by unscrupulous individuals so that they will no longer need to pay off their debts. Well, the new bankruptcy law was created [...]

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Basic Types of Bankruptcy

by Jeff Wellington on 16. Nov, 2009 in Bankruptcy

Bankruptcy is sometimes seen as the way out from the vicious cycle of debts. However, bankruptcy filings should never be taken lightly and it should only be used as a last resort. When you look at bankruptcy services, you can observe that most of them will give you alternatives to avoid Chapter 7 and Chapter [...]

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