It's no secret that many consumers are struggling with paying off all of their debts - and the increased amount of Dallas bankruptcy filings support these findings. It also comes as no surprise that there are people out there who are absolutely drowning in overdue bills and delinquent payments. Thanks to the sheer magnitude of the credit [...]
The Federal Trade Commission has announced that the number of complaints against debt collectors has experienced a spike since the 2008. The Federal Trade Commission reports that the number of complaints about debt collectors rose from 104,766 a year in 2008 to 140,036 in 2010, says Tom Pahl, assistant director of the FTC's division of [...]
Since 1992, the number of subprime car loans has skyrocketed, showing no sign of slowing down even since the housing collapse. But for post-bankruptcy debtors, the subprime lending industry could cost them their financial fresh start. Below are a few things post-bankruptcy debtors should watch out for: Hidden Charges Post-bankruptcy debtors looking to purchase a [...]
Singer Tionne "T-Boz" Watkins, member of TLC a group which had ten Top 10 singles, four multi-platinum albums, and won four Grammy Awards, has filed for bankruptcy. T-Boz owes creditors $768,642.99, mostly from mortgages on her $1.2 million house, court documents revealed. According to TMZ, the "Waterfalls" hitmaker still earns $1,200 a month in royalties. [...]
Ever wonder why you seem to have more trouble with money, no matter what steps you take to prevent it? For instance, you're on the brink of declaring bankruptcy, you're always living paycheck to paycheck, and you just can't seem to shake the feeling that you'll always be in debt for the rest of your [...]
The Bankruptcy Hardship Discharge A Chapter 7 bankruptcy discharges most of your unsecured debt and nonexempt assets may be seized to pay off your debts. But to qualify for a Chapter 7 bankruptcy you need to pass a means test. People who do not pass the means test are typically, although not always, eligible to [...]
The question, "When to file bankruptcy?" has one obvious answer, when you can no longer afford to pay your bills. But there is much more involved in actually picking the right time to file your bankruptcy claim. There are qualifications that have to met met for each chapter of bankruptcy. If you want to file [...]
Should You File Bankruptcy or Consider Debt Consolidation? For people who are struggling under debt it may be difficult to uncover the best way to get out of the mess. There are two popular options for people with debt, consolidating their debt and bankruptcy. Debt consolidation lets people who are loaded with a lot of [...]
How Co-Debtors are Protected in Bankruptcy Filing bankruptcy will not only provide protection to the debtor filing bankruptcy; but may provide protection to their co-debtors under certain circumstances. Below we explore when and how co-debtors are protected in bankruptcy: What Is A Co-Debtor? A co-debtor is someone who is equally obligated for a debt owed [...]
Your credit card has been lying to you to prevent you from declaring bankruptcy. That's right - that piece of plastic in your wallet or purse wants you to think that it's a simple financial tool that requires little thought to use. After all, what's so complicated about a credit card: all you have to [...]