Archive for April, 2008
Is Bankruptcy Right for You? part 2
Read the first part of this article : Is Bankruptcy Right for You? part 1
5. Be careful – you can loose your home.
Be very careful when you apply for bankruptcy because in no circumstances you will not be relief of the obligation to pay your mortgage. You may loose the equity if you file […]
Is Bankruptcy Right for You?
Here are 10 things to check and see if bankruptcy is the right option for you.
1. Learn about the bankruptcy process.
There are 2 main options when you want to apply bankruptcy: Chapter 7 and Chapter 13 .Chapter 7 bankruptcy is when many if not all og your debts are cancelled in a 2 to 6 […]
Alabama Bankruptcy Exemptions
The Alabama bankruptcy exemptions, details the possessions that anybody can exempt or defend from creditors when they are filling bankruptcy in Alabama. They may exempt any goods that fall into one of the exemptions categories listed beneath and up to the value listed.
Any person can keep these exempted properties after they file bankruptcy. Please note […]
Should I file for Chapter 7 Bankrupcy?
Situation:
You have recently had some serious problems and have gotten yourself in a financial bind. You are in the hole $600 a month. You have $12,000 in credit card debt, a car loan for $12,000 ($3000 upside down). You have $12 K in 401K and $3000 in savings.
Solution:
Start looking & getting a 2nd job to […]
