In 2010, credit card bankruptcy filings dropped nearly 4-percent over the previous two years. According to the National Foundation for Credit Counseling, credit card debt accounts for one-third of all personal bankruptcy filings. The remainder is contributed to using bankruptcy to stop foreclosure and to obtain relief from medical debts. Prior to 2005, credit card ...
When most of us hear the term collection agency, we cringe in fear. It is just the fear itself that scares us many times. The fear that we made a mistake and forgot to make a payment scares us. But if you are an owner of a business a collection agency may be your best ...
While it would be convenient to file bankruptcy online, this preference is not yet available. However, many other facets of filing bankruptcy can be conducted online such as locating lawyers, downloading forms, and researching bankruptcy alternatives. Although petitioners cannot file bankruptcy online, the Internet provides multiple tools which can expedite the process. Debtors can download ...
Chapter 7 is often referred to as ‘fresh start’ bankruptcy because outstanding debts are discharged through liquidation of non-exempt assets. This bankruptcy option is available to individuals and businesses that meet specific criteria set forth by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Filing Chapter 7 requires assistance from a qualified bankruptcy ...
With the crumbling economy showing no signs of recovery, many debtors are unable to keep pace with their finances. Most banks are shying away from lending money. They would prefer lending money to those with good credit record, rather than lending them to those with bothersome credit report. Most reputed national lenders would want to ...