The Chapter 11 Bankruptcy Basics

Also known as the reorganization stage of bankruptcy, the Chapter 11 bankruptcy was derived from the USA bankruptcy code 11. It is a type of insolvency that entails the reorganization of a debtor’s assets and business affairs. This form of liquidation is filed by corporations that need enough time to reorganize their debts and it is basically meant to give a fresh start to the debtor. The fresh start is subjected to the Chapter 11 bankruptcy obligation fulfillment by the debtor, under the reorganization plan. It is available to partnerships, corporations and individuals. This form Read More …

Bankruptcy Pre Discharge Course: How to Re-establish Your Financial Well

Introduction Bankruptcy Pre Discharge Course is a requirement before any bankruptcy case can be discharged. It is a requirement that was set forth in bankruptcy reform law. Online courses are available 24 hours a day and seven days a week. Upon completion of the program, you will earn a certificate that meets the Bankruptcy Pre-Discharge education requirement as far as the Justice Department is concerned. The average cost for the bankruptcy course is about $50 per household. Bankruptcy Pre Discharge Course aims to provide individuals who are recovering from bankruptcy the necessary skills to manage Read More …

Advantages Of Filing Chapter 13 Bankruptcy

Bankruptcy is a lawful process where individuals and businesses may reduce as well as rearrange their loan. Before you are planning to submit an application for bankruptcy, you have to select which type of bankruptcy you have to sign up for your problem. There are many sections accessible under the bankruptcy code. Each and every chapter has its own set of rules and also codes. If you are caught under outstanding debts and fighting to keep the home and / or car, filling for chapter 13 bankruptcy can help you to save your home from Read More …

A Few Commonly Asked Questions on Post Bankruptcy Course

If you are filing for bankruptcy, you must be aware of both the mandatory pre and post bankruptcy courses. These courses need to be done through an approved organization. You can go for online or even telephonic courses. Here is a quick list of frequently asked questions about pre and post bankruptcy courses. FAQs About Pre & Post Bankruptcy Courses:   1. Do I need to take the pre-filing bankruptcy course or the post-filing one? Both these courses are mandatory. According to the Bankruptcy Code, you have to complete credit counseling before filing your bankruptcy papers, and Read More …

5 Problems that Self Credit Repair Prevents

There is no doubt that many overlook the importance of engaging in self credit repair activities. Of course, these people eventually realize that they are already facing a seemingly unsolvable financial dilemma. Those who recently found out that they have subpar credit scores should definitely take immediate action. The impact of such credit scores are realized only when these people learn about the downsides of having bad credit.  When they know the repercussions of bad credit, they will feel the need to act.  Take a look at the following credit problems that you can avoid Read More …