Archive for the ‘Bankruptcy Facts’ Category



State Bankruptcy Laws, How Do They Protect You?

Sadly it is all too common for people to take out loans that they later find to be too much for them to handle under their financial situation. This can obviously put people in some serious financial problems. Thankfully there are State bankruptcy laws in place that will protect people in this predicament when they have to file for bankruptcy. So these people will be protected by the law…

Filing US Bankruptcy On Student Loans – Vital Things You Need To Know!

If you are a student with government issued student loans that can’t be easily paid back, in many cases you will not be able to simply get rid of them when filing US bankruptcy on student loans. The only way to get your student loans paid off when filing US bankruptcy on student loans is to prove that you are under a considerable amount of financial hardship, this is very…

How To File Bankruptcy – Some Things You Just Have To Know!

It’s never easy for someone to have to make the decision to file for bankruptcy, since in most cases; the very idea of doing so is something that feels the mind with dread. But of cause in some situations it can be the leaser of 2 evils considering you do get protected from your immediate financial situation. Before you decide to file for bankruptcy, there are a number of things…

The Different Types Of Bankruptcy – Which Of The Types Of Bankruptcy Is Best For You?

If you are an individual you have 2 types of bankruptcy to consider: Chapter 7 and chapter 13. Chapter 7 basically eliminates all your debts where as chapter 13 will allow you to pay off your debts over a 5 year period of time, supervised by your local court or a trustee. If you are a business you can file under chapter 11 where you will be able to re…

New Bankruptcy Law – 6 Vital Things To know Before Filling Bankruptcy!

The all new bankruptcy law is considerably harsher than the old one established in 1978 use to be. It makes things much more difficult, both for anyone filling bankruptcy to meet the requirements and for the attorneys involved in helping these people to do so.

So what are the main changes in the new bankruptcy law?

There are several changes you need to know about that have taken place in…

Filing Bankruptcy And Student Loans Don’t Always Go Down Well!

When someone thinks of filing for personal bankruptcy and student loans make up a significant part of their debt, there is a fairly good chance the loans will not be discharged. In 1998, the year the government rules for bankruptcy were significantly changed, student loans where hit hard. Student loans were actually ruled to be non-dischargeable since a lot of financial institutions were simple losing to much money. Also, the…

Bad Credit Personal Loans After Bankruptcy Really Do Exist!

Every day people receive bad credit personal loans after bankruptcy, in some cases people even manage to get personal loans after the first initial 30 days following the release of the bankruptcy! This is because although many companies out their chose to stay away from people who have filed for bankruptcy, there are some companies who will deal with people is this situation since they know that a person can’t…

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