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Blog Posts in November, 2009

How Bankruptcy Affects your credit (FICO) score

Making the decision to file bankruptcy should not be taken lightly. They call it the 10-year mistake because it will take that long for your financial life to return to normalcy. How ...
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What Happens To Your Credit Card Debt in Bankruptcy?

In Chapter 7 bankruptcy (liquidation of your non-exempt property, if there is any), whatever credit card debt cannot be paid from your non-exempt property is discharged, in other words, eliminated. In ...
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What Property Can You Keep In Bankruptcy

The property you own becomes your ”bankruptcy estate.” This includes property you own that is in someone else’s possession, for example, a car you own that your mother drives. Also ...
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Do You Need Bankruptcy Protection?

Do You Need Bankruptcy Protection? If a lost job, illness, marital separation, or other problem has caused your debt to spiral out of control, Bankruptcy may allow you to: • Eliminate most or all ...
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