In most cases a Bankruptcy is a better alternative to a home equity loan to get rid of unsecured debt. In a bankruptcy, you can protect $18,450 per person in equity in your home and eliminate your unsecured debt. Unlike bankruptcy, if you get sick,...
Read More »
(SPOILER ALERT) I recently watched the Oscar nominated film Blue Jasmine. In the film, the main character Jasmine French marries a very wealthy investment banker that ends up being a Madoff-esque fraud. Before Jasmine discovered that her husband was a fraud, she was living the...
Read More »
The fees for a bankruptcy are less than the costs associated with credit counseling or debt consolidation In a bankruptcy, the federal bankruptcy court orders your creditors to accept your best effort to pay your unsecured debts. In many cases you are required to pay...
Read More »
I noticed on my last credit card statement that my interest rate had skyrocketed. I pay the minimum payment on time each month, and when I called to question the bank that issued me the card, I was told that because I had been late...
Read More »
The two main types of consumer bankruptcy are a Chapter 7 bankurptcy and Chapter 13 Bankruptcy below is a brief summary of the differences between the two options. Chapter 7 (Liquidation of nonexempt property) no asset cases, which means that most debtors don’t lose any...
Read More »
