Whether you've lost your job, are carrying an excessive amount of credit card debt, or have big medical bills and are dealing with mounting debt, you may have considered filing... read more →
Filing for bankruptcy is a drastic measure but sometimes you don’t have any other choice. Bankruptcy information stays on your credit report for up to 10 years. Bankruptcy is a legal way to discharge your debts, but filing bankruptcy will have the most negative effect on your credit score. It’s always in your best interest to make sure that information about the filing are reported to the credit bureaus correctly.
Q: I received a 1099-c form from the mortgage company I used to have a loan with. My ex-wife and I were both on the mortgage. She took the house... read more →
Q: If I change my mind and decide not to file for bankruptcy, how should I make the 3 credit agencies aware of what I’ve done and will this weigh... read more →
When you miss a credit card payment, mortgage payment or end up going into deep debt that you can’t realistically pay off within a reasonable amount of time, you put... read more →
When you miss a credit card payment, mortgage payment or end up going into deep debt that you can’t realistically pay off within a reasonable amount of time, you put... read more →
Thousands of Americans file for Chapter 7 and Chapter 13 bankruptcy each year, a move that allows them to discharge all debts and get a fresh start. But what happens... read more →
First came money problems for Academy-Award winning actor Nicolas Cage. Now it looks like relationship and legal problems are also facing the Hollywood star. According to the Associated Press, Cage... read more →
A number of celebrities have made headlines in recent months for having enormous debts and tax problems or because they've filed for bankruptcy protection. Actor Eddie Murphy's ex-wife, Nicole, reportedly... read more →
Question: I owe $1400.00 to the IRS and am making payments. My 2010 tax return is expected to be $1800.00. I understand that taxes owed can be paid in Chapter... read more →
Q: I am having financial problems and can no longer make ends meet. Can I keep my car if I file bankruptcy? A: With so many consumers filing for bankruptcy... read more →
Unlike Chapter 7, which can completely wipe out unsecured personal debts such as credit card bills and medical debt, Chapter 13 is a way to re-organize your finances and pay... read more →
Chapter 7, also known as “liquidation” or “straight liquidation,” is typically the simplest and fastest form of bankruptcy. Individuals, married couples and businesses can use chapter 7 bankruptcy protection to... read more →
When federal authorities want to keep airline passengers informed about air safety, they use a color-coded system to convey various levels of risk. Red is the highest level – symbolizing... read more →
Q: "I was paying my credit card bills through Consumer Credit Counseling Service. But when my husband lost his job, we could no longer afford to pay those bills. I... read more →
Q: I have a question from a reader who wanted to know whether or not she should file for bankruptcy protection. And her situation is a little bit complicated, so... read more →
