financing options after bankruptcy

About Me
financing options after bankruptcy

Some people think that after you file for bankruptcy that they won't be able to qualify for any sort of credit for many years. Is this true? Would it be possible to purchase a car with an auto loan or get a mortgage for a house? I put together this blog to provide others with the information that I have worked hard to find. As I started the bankruptcy process, I was very worried about what it meant for my financial future. Fortunately, I have recovered and have learned a lot along the way. Hopefully, this information will prove helpful for you.

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5 Signs You Should Consider Chapter 13 Bankruptcy

30 October 2020
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If you cannot stay on top of your debts, you may qualify to declare bankruptcy. There are several different types of bankruptcy, and the right option varies based on your situation. To help you determine which type of bankruptcy is right for you, here are five signs you should consider filing Chapter 13 bankruptcy.  1. You Are an Individual To file this type of bankruptcy, you must be an individual. Businesses do not qualify for this type of bankruptcy. Read More …

How The Cash You Have On Hand Could Affect Your Chapter 7 Case

18 December 2019
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Filing for Chapter 7 bankruptcy requires answering a lot of questions and filling out a lot of documents. After that, it requires allowing a bankruptcy trustee the opportunity to carefully analyze and review your entire financial picture. As the trustee does this, he or she will take a close look at the balances in your bank accounts and having too much cash could affect your case. Why cash matters One thing you will have to report when you file for bankruptcy is the cash you have on hand in the bank, and this will include cash in every bank account that has your name on it. Read More …

Fixing Your Finances After Filing For Bankruptcy

21 May 2019
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In order to fix your financial life, sometimes going bankruptcy is part of the process. If there comes a time that you need to go through bankruptcy to save your finances, you should give it some thought and then reach out to professionals that can look out for you. Bankruptcy lawyers and advisors can help you apply and give you the guidance to push your application through. Use these steps so that you get assistance with bankruptcy. Read More …

Paying Your Bankruptcy Fees

26 February 2019
 Categories: , Blog

When financial problems lead you to consider filing for bankruptcy, it's no wonder that paying the associated costs to do so becomes an issue. Knowing what to expect can help you be better prepared, so read on to find out about paying filing fees, attorney fees, and other related costs when filing for bankruptcy. Filing Fees Since bankruptcy is a federal matter, the fees are the same in all states. Most consumers file either a Chapter 7 or a Chapter 13 bankruptcy. Read More …

Are You Thinking About Bankruptcy? Why You May Want To Consider Chapter 13

30 December 2018
 Categories: , Blog

If you have been tossing around the idea of filing for bankruptcy, you will want to spend a little time thinking about the option of a chapter 13. To help you understand why this might be the best idea for you, you will want to consider the following points. You Don't Have To Give Up Anything Those who file for chapter 7 bankruptcy usually have to give up extra assets that they have in order to help pay off the debt that they need help from the courts for. Read More …