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Category Archives: Personal Bankruptcy

What Are Some Good Ways To Rebuild My Credit?

One of the biggest concerns we hear from our bankruptcy clients is how they can repair and rebuild their credit after their bankruptcy filing. This is a valid concern, but the reality is your credit will be better post-bankruptcy than pre-bankruptcy. If you are thinking of filing for bankruptcy, you are probably behind on many… Read More »

What is the Fair Credit Reporting Act?

The Fair Credit Reporting Act (FCRA) promotes accuracy and privacy of information in consumer reports. According to this act, you have the right to review your credit report and have any incorrect information rectified. The FCRA was enacted in 1970 and has been substantially amended several times since then. Below is a summary of your… Read More »

What You Should Know about Credit Cards and Bankruptcy

Many myths circulate about bankruptcy.  Some people fear that after they file, they must wait 10 years before applying for a credit card.  Or they may believe that no financial institution would ever agree to issue them a credit card until 10 years after the date they filed bankruptcy. Fair Credit Reporting Act One way… Read More »

When Do People Lose Their Homes in Bankruptcy?

One of the main concerns about filing bankruptcy is whether or not you can keep your home.  Because there are many different situations and choices of bankruptcy chapters, various factors come into play in determining whether you keep or lose your home.  There is no substitute for discussing your financial circumstances with an experienced bankruptcy… Read More »

Pros and Cons of Joint and Individual Bankruptcy Filing

When filing bankruptcy, couples must decide whether to file an individual bankruptcy or a joint bankruptcy with a spouse.  Give these options considerable thought and discuss them with your bankruptcy lawyer.  Both types of filings have their advantages and disadvantages and state marital property laws also must be considered. The bankruptcy chapter most appropriate for… Read More »

What Does the Creditors’ Meeting Involve?

Knowing what to expect during bankruptcy helps you prepare and participate in a way that can lead to a successful outcome. While your bankruptcy lawyer provides legal guidance, offers explanations, and is at your side throughout the process, a basic understanding of key bankruptcy proceedings can also greatly benefit you. A creditors’ meeting is a… Read More »

What Is an Automatic Stay?

One of the most stressful aspects of being in debt is dealing with creditors or collection agencies. Phone calls, letters, and legal actions such as foreclosure, wage garnishment, repossession, and lawsuits are extremely threatening and many people feel intimidated by them. An experienced bankruptcy lawyer can help protect your rights. The U.S. Bankruptcy Code affords… Read More »

10 Ways To Rebuild Your Credit After Bankruptcy

Once you file for Chapter 7 Bankruptcy or Chapter 13 bankruptcy, it stays on your credit report for a number of years. However, that doesn’t mean it’s impossible for you to rebuild your credit in that time. In fact, your ability to rebuild your credit after bankruptcy is probably better than it’s ever been. It’s… Read More »

Debt Settlement vs. Chapter 13 Bankruptcy Explained

One alternative to bankruptcy is debt settlement. Debt settlement has its pros and cons, and we’ll talk about both in this blog—and why sometimes Chapter 13 bankruptcy might be the better answer. With debt settlement, you ask your creditors to accept less than what they’re asking for, effectively canceling a portion of the debt. It… Read More »

What Happens To My Credit And Me After Bankruptcy?

Even though hiring a bankruptcy lawyer and filing for bankruptcy can help you save your house, your car, and other personal property, many people worry about its affects after filing. “How long will this follow me around?” “Is my credit ruined forever?” “Will I ever be able to buy a house or a car again?”… Read More »