Archive for June, 2010

How to Avoid Debt and Bankruptcy Problems

Posted by admin in Personal Bankruptcy on June 26, 2010

If you’ve been in debt for some time, it can feel like a big weight on your shoulders. Sometimes it seems like there is no escape. The best method is to handle debt correctly, and sometimes that means filing for bankruptcy. For many, filing Chapter 7 or Chapter 13 is a reality, but not a bitter one. Bankruptcy can be very beneficial. Read the rest of this entry »

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What is Bankruptcy?

Posted by admin in General Bankruptcy Info on June 26, 2010

Bankruptcy laws are federal laws and are the same in every state, although some interpretations of the laws are regional.  These laws are found in title 11 of the U.S. Code.  The bankruptcy laws are divided into chapters. There are two chapters relevant to consumer cases: Read the rest of this entry »

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Loans After Filing Personal Bankruptcy

Posted by admin in Personal Bankruptcy on June 24, 2010

Ever been through a big fight and the end of it kind of left you feeling down? You can, of course, think of that beyond bankruptcy, but as in most things, common sense plays its hand. So what is common sense? If everyone who filed for personal bankruptcy was unable to ever buy a home or car again, there sure would be a lot of apartment renters and bikers. Just in 2009 1.1 million people filed for bankruptcy. So what did these people do? They went out and got loans after bankruptcy. You can too. This guide shows you how. Read the rest of this entry »

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Downturn Pushes More Toward Bankruptcy

Posted by admin in Bankruptcy News on June 24, 2010

Consumer bankruptcy filings have risen amidst rising unemployment and foreclosures and falling pay and health insurance.  Perhaps the biggest factor driving the rapid increase in consumer filings is the lack of consumer credit, which causes people to have to seek a route other than borrowing to help them out of financial problems.  The 2005 amendments to bankruptcy laws have caused Read the rest of this entry »

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Business Bankruptcies on the Rise

Posted by admin in Business Bankruptcy on June 24, 2010

South Carolina is following the trend seen in the rest of the nation with both business and consumer bankruptcies on the rise.  Greenville, Richland, and Charleston are the three counties leading the state in business bankruptcy filings, and the upswing in business cases is expected to continue for at least a year.  The rise in filings has mostly been due to those in the automotive, real estate, and hospitality industries.  Read the rest of this entry »

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