Once your bankruptcy has been processed, you’re ready to begin a fresh start. One of the most important things to remember is that the bankruptcy will remain on your credit profile for seven to ten years. While that means you won’t be able to qualify for credit for up to a decade, it also gives… Read more »
Monthly Archives: February 2019
Do I Need Debt Relief or Bankruptcy?
Bankruptcy and debt relief are two of the most popular ways to manage debt. Consolidation proponents often promote it as a way to protect your credit rating and save money by combining monthly debts into one easy-to-manage payment, while a Brooklyn bankruptcy attorney may recommend it for a fresh financial start. Here, you’ll learn how… Read more »
Bankruptcy Discharge: What is it?
Filing for bankruptcy protection is a very serious legal step that should never be considered lightly. Issues such as credit ratings and a debt repayment schedule could last for several years following the fact. But, a successful bankruptcy petition could also result in a considerable amount of outstanding debt being discharged after all is said… Read more »
How Does Voluntary Repossession Affect My Credit?
When you get behind on your car loan, then technically the lender has the right to come and repossess your car. The reason why it’s called repossession is because the lender doesn’t have to go through the court system to do it. Instead, under the terms of your loan agreement, they can do it if… Read more »
How Do I Choose Between Chapter 7 and Chapter 13 Bankruptcy?
If you are struggling to make credit card, mortgage or auto loan payments, it may be in your best interest to file for bankruptcy. Generally speaking, you will file for Chapter 7 or Chapter 13 protection. How do you know which one to choose from? Knowing When to File for Chapter 7 Protection To be… Read more »
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