Bankruptcy Blog Archives

Ten sound ways to avoid the credit card trap are: Try never to use a credit card, or use it sparingly. There are many car rental agencies that will take debit cards today, and so will some airlines. Some airlines still take cash and checks. You can own a credit card and use it sparingly [...]

  A story published online surfaced today that JPMorgan Chase and Co. has begun to cease filing lawsuits to collect consumer debts. They are currently in the process of dismissing in-house attorneys and ceasing most of their aggressive collection activities that has been responsible for bringing millions of dollars in monthly judgments. Many are speculating [...]

A Credit Report is Public Information Your credit report is public information for any potential creditor who is willing to pay the price to obtain a report, and a potential employer is no exception to this rule. There are very valid reasons an employer may want to know your credit history, but both federal and [...]

One of the more difficult things to do once you file bankruptcy is to buy a house. A bankruptcy can remain on your credit report for up to 10 years. There are circumstances that are exceptions to a spouse having poor credit when a report prevents the spouse from buying a house, and that is [...]

This personal bankruptcy question was posted on the internet in 2011 in a bankruptcy discussion: “Going to see an attorney on Monday. Meanwhile, there is not enough money to sustain everything and get into a rental home. Is it a bad thing to use the credit cards right now for gas, food, etc.? Would that [...]

Today is Black Friday, traditionally the day after Thanksgiving. Retail stores line up across the nation for a day to present super discount sales in order to kick start the commercial aspects of the Christmas Holiday Season. Some stores start their sales at 12:01 am, and shoppers looking for a bargain line up by the [...]

First time bankruptcy filers often ask a lot of questions about bankruptcy, collections and credit issues. Here are some common misconceptions about bankruptcy, collections and credit issues asked in the form of questions: Will the credit of the co-owner but not cosigner of your car be affected if you file bankruptcy? What is the difference [...]

Here are four questions many first time bankruptcy filers are asking about credit issues and bankruptcy: After 8 years of having a discharged bankruptcy can you still be denied credit? By law, credit reporting bureaus can leave the bankruptcy information on your credit reports for up to 10 years. Even though you can begin to [...]

In general, when you die, your assets become part of what is known as your estate.  If you created a will before you died, it would generally spell out two things: who the executor of your estate is—that is, the person responsible for ensuring your assets left behind when you died are distributed per your [...]

Filing for bankruptcy protection can provide a financial fresh start, but a bankruptcy will be reported and remain on credit reports for up to 10 years. So, can a bankruptcy be removed from your credit report in less than 10 years? There are certain companies on the internet today that promise they can remove a [...]