Establishing credit after bankruputcy

After you’ve had your debts discharged, it’s now time to get on with your life. Sure, your credit rating has taken a hit, but it wasn’t that good before the discharge. You will find it difficult to get a loan, and if you do get one, it will be at usurious rates. Nevertheless, there are …

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What you should NOT do if you are heavily in debt

When most people start getting into financial trouble, they rarely think about bankruptcy early in the game. They usually try a bunch of quick fixes to try to get themselves back on track. This is the completely wrong tactic. The problem is that most people don’t start thinking about a bankruptcy until they have exhausted …

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Bankruptcy for married couples

Debt is not something confined to individuals, because economic decisions made by one person can affect both parties of a marriage. Indeed both parties can incur debt collectively. If you are married and you find yourself in a situation where you need to declare bankruptcy, you will have to ask yourself if you should file …

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myths about bankruptcy

Myths about bankruptcy

You can file for bankruptcy as often as you’d like. The new bankruptcy law that was instituted in 2005 was meant to curb some of the more egregious abuses of the bankruptcy court. Now you cannot file for Chapter 7 within 8 years of previously filing, which is to say the normal 7 years of …

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