If you are considering filing for bankruptcy, there is some Chapter 13 bankruptcy information that you should know so you can make an informed decision before you file. Chapter 13 is also known as debt repayment bankruptcy. Chapter 7 bankruptcy eliminates debt and Chapter 13 allows the debtor to make payments to a court approved trustee over a period of time not extending five years. It is during this time period the debtor pays off as much debt as he… Read More >
Jan 2
How to Get Auto Loans after Bankruptcy
Even if you have recently found yourself in bankruptcy court because of past financial issues, this does not mean that you cannot purchase a vehicle. There are several ways to get auto loans after bankruptcy. Lenders approve auto loans frequently to individuals who have filed for bankruptcy. However, its important for consumers to know that the interest rate on this type of loan can be extremely high. The best way to purchase a vehicle after bankruptcy is to comparison shop… Read More >
Dec 8
What You Should Know About Small Business Bankruptcy
If your small business is struggling financially and you are considering filing for bankruptcy, there are several options that you may want to consider. There are a few types of bankruptcy that may be beneficial to small business owners. However, the type of bankruptcy commonly referred to as “business bankruptcy” may not be the best option for small businesses. Many business owners who are sole proprietors often choose to file a personal bankruptcy and add their business debts in the… Read More >
Dec 2
Repossession And Bankruptcy: Can You Prevent Your Vehicle From Being Repossessed?
Unfortunately, if you are not up to date with your car payments, the lender has every right to repossess the vehicle at any time without giving you notice. However, if you file for bankruptcy, the repossession may cease and you may even have the opportunity to get your vehicle back. Once you learn more about the different types of bankruptcy, you will have a better understanding of how the combination of repossession and bankruptcy is not the definitive on whether… Read More >
Nov 8
Does Chapter 7 Eliminate Debt?
Many debtors believe that by filing for bankruptcy their debt will be erased. Unfortunately, this is not entirely true. The type of debt the individual has and the chapter of bankruptcy he or she decides to file will be major factors in deciding the type and amount of debt that is erased. These individuals may be particularly interested in Chapter 7 and wonder does Chapter 7 eliminate debt. What Is Chapter 7 Bankruptcy? Chapter 7 bankruptcy was designed to help… Read More >
