History of Bankruptcy in the US

I thought it might be instructive to know a bit about the background and history of bankruptcy, and so I wanted to bring this to you. Originally an article released under PLR by Mike Steup, but I updated the contents afterwards.

Getting Your Finances BACK ON TRACK

There are several methods you can follow to get your finances back on track, either to avoid bankruptcy or after you have gone through the process of bankruptcy.

Avoiding Free Online Credit Scams

The government passed a law that allows every citizen to get a free annual credit report a few years ago. This law states that they can get their credit history because of the recent increase in identity theft. This free credit report is easily available online and will give you reports from all three of the credit reporting agencies. A credit score is not going to be provided in this instance for you to view.

Improving The Way You Spend Your Money

There may be great variation in how much money you have during the year. There are ups and downs when talking about the financial resources and income of an individual or family. In dealing with financial difficulties, there is a need to build a budget techniques as early as possible. There is a need for all of us to master the art of stretching the value we gain from the money that's available.

Predatory Lending

Barack Obama continued his Change that Works for You tour, talking about predatory lending, in Chicago IL on June 11, 2008.

Estimate Your Credit Score

You are no doubt curious as to knowing how your credit score is calculated.

Bankruptcy & Taxation

When you face bankruptcy there are some very important things you need to think about when it comes to taxation. If you plan on filing for bankruptcy, you will want to make sure that you have done as much as you can to save yourself as much trouble, money, and time as you can.

Bankruptcy Fraud Hurts Honest People

Even though bankruptcy is visible in your records or on your companies record for a very long time, and even though it can make it nearly impossible for you to get loans, get credit or even do any large financial trading, there is still the factor that remains that once you have filed for bankruptcy, your debts are most likely going to be taken care of. This had led to many types of bankruptcy fraud, and has led in turn to a crackdown on this fraud by the government, which is going to hopefully be able to take care of too many different bankruptcies and get and increasing number of people back on their feet in the best way possible.

How To Get a Mortgage After Bankruptcy

Declaring bankruptcy can be a helpful tool if you find yourself drowning in debt. Bankruptcy is meant to help people who just cannot find any other way out. It allows you to use all of your assets to pay back as much as possible over a set number of years or all at once and then start anew. When you declare bankruptcy, you free yourself from creditors and collection agency phone calls – or even collection agency visits – and get a chance to start over again with a fresh slate.

Is Bankruptcy The Best Option for You?

Bankruptcy is a financial practice that allows you to officially declare that you cannot repay your debts now and do not see how it will ever be possible in the future. Declaring bankruptcy is a big step – both in the short and long term ranges. For some people, there are other ways to get out of debt, like debt consolidation or negotiating with your lenders.

Debt Consolidation — An Alternative to Bankruptcy

Bankruptcy is when a person or business officially declares absolute inability to pay back creditors the money that is owed. This should only be done as a last resort, because bankruptcy may affect every aspect of your financial life.

Bankruptcy & Divorce

If you believe that you are headed for divorce, and you both have a lot of debt between you, it might be a good idea to consider filing for bankruptcy before you begin filing for divorce.

Bankruptcy — A Matter of Pride for Many...

Bankruptcy is the financial situation where you declare that you cannot repay your creditors at this time or see any way to repay them in the future. Depending on your income and the amount of money you owe, an individual may declare different types of bankruptcy. However, in either case, bankruptcy is a fairly public affair. Your name and address will be published in at least one newspaper. Some of your friends may read about it, and your neighbors might see movers coming to repossess some of their items you may have on lease. For many people, the worst part of bankruptcy isn’t losing the money; it’s losing pride and dignity. But you might as well realize that you can't pay your bills with pride or dignity.