Bankruptcy Blog Archives

This personal bankruptcy story was posted on the internet in February of 2011 as comments in a bankruptcy discussion: “I have just lost my job. I was there for 10 years. I have lots of purchases on my credit card from August-December. I have never missed payments on any credit cards. I cannot afford the [...]

This personal bankruptcy story was posted on the internet in recently as a comment in a discussion on bankruptcy: “…My husband was a foreman in construction and made a lot of money. Then 9-11 happened and due to economic slowing, he got laid off and has been unable to find a steady job since…Now he [...]

Two of the largest contributing factors for going bankrupt in this economy are foreclosures and credit card debt. With our economy going south, it should not be a surprise to homeowners that the value of their homes are plummeting in many areas of the country. Being upside down on your house is probably the rule [...]

Image via Wikipedia According to the National Bankruptcy Research Center and the American Bankruptcy Institute, personal bankruptcies were up to 1.53 million, a 9 % increase from 2009. This is the highest level since the 2005 laws were passed that were suppose to make it harder to file for bankruptcy. The financial crisis during this [...]

This personal bankruptcy story was posted on the internet in April of 2010 as a comment in a discussion on bankruptcy: “My Ex-husband and I sold our business and then the buyer bankrupted and we were left with nothing. We were in our late 40s. Over the next 5 years my Ex-husband had trouble keeping [...]

In our society today, credit scores can often be critical. Besides determining a borrower’s risk, they may be used to set insurance rates, obtain rental property, and even to sort out job candidates. There has even cropped up a number of different industry advice groups who make a good living telling the average consumer how [...]

By Mike Hinshaw We’ll have a look at a few different topics today, first a timely, seasonal reminder from a Nov. 30 post at  ABC local affiliate Channel 13, WHAM: “Impulse buys can add up and many of the consumer bankruptcy cases seen by Federal Judge John Ninfo he says, are tied to holiday shopping. [...]

This personal bankruptcy story was posted on the internet in February of 2010 as a blog in a discussion on bankruptcy: “I have lived in my house for 22 yrs. I have refinanced 3 times so now my mortgage payment is 1780.00 [that] I owe for 28 yrs. My other debt is about $45,000. My [...]

Filing a Bankruptcy may improve your credit if you have bad credit. However, if you have good credit, then bankruptcy may not be the best option. Bad credit usually happens after some form of bad luck. Losing your job or a major cut in pay will change a good paying history in a very short [...]

In todays time having bad credit is going to force you to pay way too much for a car and chances of owning a home is going to be impossible. Bankruptcy is better than bad credit. Things happen in our lives that we do not always have control of, Losing a job after many years, [...]