codefund.com
Browsing Category

Bankruptcy : Business & Finance

Disappearing Debt: A Common Misconception of Bankruptcy

The other day a prospective client came to my office for a free bankruptcy consultation. Her case wasn't terribly complicated. Her most pressing concern was that she didn't want to lose her car. She was ...

IVA's - A Perfect Alternative Against Bankruptcy!

When you are facing a tough time with your debts and have hit the worst spot on financial situation, you can opt for an IVA. This can be a good alternative to bankruptcy. Herein, the borrower need not opt for bankruptcy if the debts are mounting. IVA provides complete help from financial problems.

What Is Going to Happen with Your Bankruptcy Assets?

Bankruptcy assets One of the biggest questions people often have regarding bankruptcy is what will happen to their assets. Sometimes a family can be reluctant to declare bankruptcy because of this fear, even though all ...

What Happens to a Loan If Something Is Repossessed?

Consumers often finance large purchases, such as a vehicle, with a loan if the cash isn't available to purchase the item. A loan is based upon a contractual agreement, and as such, the borrower must repay it. It's a good idea to understand what happens to that loan if the property is repossessed.

Converting a Chapter 13 to a Chapter 7 Bankruptcy

You can't watch the news on TV without hearing the word bankruptcy mentioned. When most people hear the word bankruptcy, they think of chapter 7. Chapter 7 is what individuals prefer to file because it's quick and it wipes out all the unsecured debt, making the individual virtually debt-fr

Remove a Bankruptcy - Improve Score With a Bankruptcy

If you have too much debt and feel like there is no way out, the last thing you want to do is file for bankruptcy. A bankruptcy can stay on your credit report for up to 10 years and this can make it hard to get a loan for a new car or a home. In many cases we can not avoid filing for bankruptcy when

Business Bankruptcy Basics - Reorganize Debts Or Close the Doors?

Filing business bankruptcy is a complex process. The new bankruptcy laws enacted in 2005 have placed restrictions on business owners seeking debt relief. The Bankruptcy Abuse Prevention and Consumer Protection laws require debtors to reorganize and repay a portion of their debts whenever possible.

Which Type of Bankruptcy Filing is Best in Foreclosure Situations?

One of the most recommended but least desirable options to save a home from foreclosure is filing bankruptcy. It seems like a solid legal defense against eviction and a way to get more time to work out another solution, but few homeowners really want to damage their credit for nearly a decade just f

What Happens To My Car In A Chapter 13 Bankruptcy?

Let's discuss what happens to your car in a chapter 13 bankruptcy. If you have recently filed chapter 13 and are asking yourself, "What happens to my car?" then this article is for you. Discover what your options are when filing a chapter 13 bankruptcy.

Can I File Bankruptcy for Free in California?

Financially struggling Californians have the legal right to file bankruptcy, but usually must pay for this option. California residents who economically qualify can file Chapter 7 to liquidate most debts or partially repay bills under Chapter 13. Family farmers can keep assets while restructuring de

A Little Advice For Those Considering Chapter 7 Bankruptcy

If you are considering Chapter 7 bankruptcy you need to read this now! If you are in a touch financial situation, you may be considering Chapter 7 Bankruptcy. Before you move forward, consider several alternatives first. If your financial pressures are due to Credit Card or other debt, consider debt

What if a Debt Collector Won't Negotiate?

A debt collector who will not negotiate is playing hardball while insisting on full payment of the debt. Debtors who refuse to be intimidated can often force debt collectors to settle for less than the full amount of the debt. Debt collectors usually earn money on commission, and the more they colle

Bankruptcy Claim - Doing It the Right Way

Bankruptcy claim is one of the legal ways of obtaining relief from constant visits and calls from creditors such as private lenders, banks and other financial institutions. Individuals and companies file for bankruptcy when they find themselves mired in a financial mess. While it does put an end to

Scottish Trust Deeds Allow You to Avoid Bankruptcy

The protected trust deed is really a means in Scotland whereby you are able to avoid bankruptcy by arranging to pay for your debts over a particular time period. It is much like an IVA ...

Claiming Bankruptcy

Claiming bankruptcy is a procedure that you must not indulge into unless you cannot do without it. Bankruptcy is going to be mentioned on your credit report for say 10 years and it may make it difficult sometimes to buy anything based on credit or sometimes even finding jobs.

Can I Refile if My Chapter 13 Was Dismissed for Non-Payment of the Mortgage?

Chapter 13 bankruptcy, also called a wage earner's plan, requires you to develop a strategy to repay your debt based on your income. This debt repayment plan is developed with the help of a bankruptcy trustee and the cooperation of your creditors. In most cases, you are able to keep your home, as we

If My Debt Is Excessive, Will Loan Modification Work?

If you're struggling to pay your mortgage bill each month, a home loan modification can provide financial relief. Under a modification, lenders reduce your monthly payment to a level that you can afford, giving you time to resolve whatever financial crisis has turned your once-affordable mortgage p

File Chapter 7 Bankruptcy Inexpensively

Here is the situation.You obtain debts which you are sure you can pay within a period of time.Then unexpectedly something happened, an event in your life that is out of control.