Chapter 13 Bankruptcy 101: Basic Information about Reorganization Bankruptcy

Posted on June 24, 2010 by bbcred and has no comments yet.

You must have heard or seen much about Chapter 13 bankruptcy. After all, media portals have been frequently discussing things about bankruptcy, in line with the recent economic recession. But we often find the information contradicting. An internet article may discuss the qualities of Chapter 13 bankruptcy, which will be refuted in a TV discussion. [...]

Read more

Is It Possible to Recover from Bankruptcy?

Posted on June 4, 2008 by bbcred and has no comments yet.

After bankruptcy, your financial situation will certainly not be the same. Yes, a record of bankruptcy will stay on your credit report for seven to ten years. However, this doesn’t mean you can’t do anything about it. In fact, a speedy recovery from bankruptcy is very possible as long as you do the correct steps.

Read more

How to Tell That You May Be Headed for Bankruptcy

Posted on June 29, 2007 by bbcred and has 2 comments.

Anyone can be confronted with a financial crisis. Even if you have a stable job and enjoying a comfortable salary today, anything can happen tomorrow. If not handled correctly, financial mismanagement can lead to bankruptcy. You can lose your job, get sick, a family member falls ill, or be struck with disaster.

Read more

How to Tell When You Are Ready To Buy a Home after Bankruptcy

Posted on June 5, 2007 by bbcred and has 2 comments.

Let’s face it. A history of bankruptcy in your credit report isn’t very impressive. However, it does not mean that your credit worthiness is permanently damaged and can never be repaired. Bankruptcy doesn’t have to be the end of all your dreams. After bankruptcy, you can open up new transactions and rebuild your credit. For example, are you planning on purchasing a home? How will you know if you are ready to buy a home after bankruptcy?

Read more