It is said that filing bankruptcy ruins your credit rating. Said by whom? Said by lenders, of course. I know people can get credit again; I filed a third Chapter 7 bankruptcy for at least three individuals That good credit rating is in the rear view mirror, or about to be, by the time you [...]
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If you’re filing bankruptcy, then chances are you may may have taken out a payday loan recently, according to a “Do Payday Loans Cause Bankruptcy?” by Paige Marta Skiba of Vanderbilt Law School and Jeremy Tobacman from the University of Pennsylvania. In theory, I have no problem with the concept of payday loans. It’s nice [...]
Lawyers have a saying about trying a case: Put the skunk on the table. It means if you’ve got something really bad going on in your case, it’s best to just deal with it. Tell the judge or jury before the other side does so you can minimize the damage. It’s really no different with [...]
75% of tax filers get a refund. And the average refund amount is over $ 2,300. I was surprised by these figures. Am I the only one not getting an “annual bonus” from the government? What is wrong with getting a refund check, and what does it have to do with filing for bankruptcy? [...]
11. �THOSE DEBT MANAGEMENT PLANS ADVERTISED ON TV AND RADIO REALLY WORK! FALSE – Most people are optimists about their finances. �Things don’t always get better. Check out this post about Debt Management Plans. 12. �YOU CAN KEEP ONE CREDIT CARD (JUST DON�T TELL YOUR BANKRUPTCY ATTORNEY) FALSE – You need to list all of [...]
6. �YOU WILL NEVER GET ANOTHER JOB OR BE ABLE TO RENT AN APARTMENT FALSE – Employers do not want like having their employees distracted from the job by harassment at work or the extra accounting caused by wage executions. �Landlords want tenants who can use their salary to pay rent, not paying creditors instead. [...]
