What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy?

Posted October 27, 2009 – 12:40 pm in: Personal Finance

What happens if a finance company never repossesses a vehicle that has been discharged in bankruptcy? No payments have been made in 14 months…Bankruptcy discharged in June of this year. Finance company has our current address and phone number.

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Alternatives to Bankruptcy

Posted October 21, 2009 – 2:47 pm in: Bankruptcy

As anyone who has seriously examined Chapter 7 bankruptcy protection knows all too well, filing bankruptcy may be the absolute worst thing that borrowers can do to improve their financial position. For desperate folk suddenly realizing that there is little they can do on their own to achieve debt relief, bankruptcy might seem like an [...]

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Bankruptcy Tips And Helpful Alternatives

Posted October 19, 2009 – 2:34 pm in: Bankruptcy

Before you file bankruptcy, it is a good idea to look into other alternatives if at all possible. New bankruptcy laws make it more difficult to file than it used to be. Why Has Filing For Bankruptcy Doubled? From the period of 1998 to 2008, filing for bankruptcy has doubled. Bankruptcy filing has [...]

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Top Ten Reasons People File for Bankruptcy

Posted October 17, 2009 – 2:10 pm in: Bankruptcy

1. Eliminate the legal obligation to pay many of your debts.. This process of wiping the slate clean is called a discharge of debts. The goal of a discharge is to reduce debt to give you a fresh start. Whether it is through straight bankruptcy (Chapter 7 Bankruptcy) or through reorganization (Chapter 13 Bankruptcy), most [...]

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Life After Bankruptcy Discharge

Posted October 1, 2009 – 9:17 am in: Bankruptcy

Life after bankruptcy can be very difficult. Apart from the entire financial crisis it brings, the individual has to go through a lot of emotional distress as well. But it is in the best interest of the person to look at it as a really bad phase in his life. He should try to forget about this as early as possible and get back to life. The road to recovery from bankruptcy is pretty long and very difficult.

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Filing Bankruptcy Yourself

Posted September 25, 2009 – 6:32 am in: Bankruptcy

During the current recession, there are a lot of people who are declaring bankruptcy. This is due to various reasons and the most common of them are layoffs and medical bills. Due to economic slowdown, there are a lot of companies which are looking to cut costs and reducing the manpower seems to be the easiest way to do that.

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