filing bankruptcy

This tag is associated with 2 posts

Filing Bankruptcy is Your Legal Right

If you have somehow become overwhelmed with debt you may consider filing bankruptcy. This is the legal way of completely wiping away your debt once and for all. It is important to remember that filing bankruptcy will destroy your credit and you may have a hard time qualifying for much of anything. If you decide that filing bankruptcy is something that you are going to do you will want to make sure that you have the names and account numbers of each of your creditors. This way you will not forget a single one of them. Schedule an appointment with … Read the rest

Bankruptcy Versus Debt Settlement

There are various methods to eliminate credit card debt. Some of the most common solutions are settlement and bankruptcy. Each solution has some pros and cons. In the end, the best option in eliminating your credit card debt could be your financial stability in other parts of your life. In case your credit card debt is only one part of a bigger financial problem, bankruptcy might be the more sensible choice over a credit card debt settlement. However, bankruptcy and debt settlement will both have negative impact on your credit scores until you can re-establish a good credit history.

What … Read the rest