Considering Going Bankrupt? The Consequences and Alternatives Explained
If you are considering going bankrupt, then you are obviously in a very serious debt situation. Bankruptcy may not be the best solution for you, so it is very important to consider the alternatives and...
View ArticleIs Free Debt Relief Available?
If you are experiencing overwhelming debt problems it would be sensible if all of the debt relief solutions available to you were free, after all it’s not as if you have a lot of spare money....
View ArticleWhat Happens if Your Bank Declares Bankruptcy
Banks declaring bankruptcy seems to be a popular concern at the moment with major financial institutions in the US and UK either failing or being taken over. Obviously the answer people want to hear...
View ArticleCan I Declare Myself Bankrupt if I Have a Mortgage?
You may have met people that say “I’m going to declare myself bankrupt” and I won’t have to pay back any of my debts including my mortgage. There is nothing to stop you declaring yourself bankrupt if...
View ArticleWhat Happens to a Joint Mortgage if One Partner Declares Themselves Bankrupt
If your partner declares themselves bankrupt and you have a joint home/mortgage then clearly this is going to be a very worrying time. The good news is that mortgages (being secured debts) are not...
View ArticleHow Can You Safeguard Your Home if Your Partner is Considering Declaring...
A condition of bankruptcy in the UK is that all the bankrupts major assets (including their home if they own it) need to be sold to provide funds to pay some money to their creditors. This applies...
View ArticleWhat Can Bailiffs Take if I am Declared Bankrupt?
I saw this question posted on Yahoo! and the misunderstanding that is obvious from the question and the answers that were posted meant that I had to write this post. In the UK there is almost never any...
View ArticleYour Bankruptcy Hearing – What to Expect
If you are worried about being declared bankrupt by your creditors (this is very unusual) or are considering bankruptcy as a solution to your debt problems then you may be worried about the bankruptcy...
View ArticleBankruptcy Types – What do the Chapters Mean?
If you are considering bankruptcy in the USA you might wonder what sort of bankruptcy is most suitable for you, and what the different bankruptcy types mean. There are many different types of...
View ArticleCounting the Cost of Bankruptcy
The cost of bankruptcy will hit you in a number of different ways. There is the actual cost of filing for bankruptcy, the legal and counseling fees that you will probably have to pay and the increased...
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