For the average American, buying a home will be the biggest purchase you ever make. The thought of owing that much money can be quite daunting, especially if you dont make a lot of money or live paycheck to paycheck. But even taking this into consideration, buying a home is the best investment of your money that you can make for you and your family’s future. In this day and age, most people are paying rent and all of the utilities anyway- so why not own your own home?
Tis The Season To Build Up Your Debt
The holiday shopping season is almost over. Sales are down a bit this year, and with good reason. Most people have less money to spend, and less confidence on receiving a boost in their income anytime soon. Consumers however, are still heading to the mall to catch all the bargains that retailers have to offer. The reason of course is to find those perfect gifts, along with the satisfaction of finding a great deal.
Understanding Chapter 13 And Chapter 7 Bankruptcy
Chapter 13 of the bankruptcy code gives debtors the opportunity to repay some or all of the debts that are in their name, in better terms, lower or no interest. Debtors have the ability to use income they have in the future to pay off creditors.
The Importance Of Homeowner’s Insurance
If you own a home, you absolutely must have homeowners insurance. How much homeowners insurance you need is the difficult question for most people.
The Importance Of Life Insurance
Many people talk about life insurance and why its important, but there are still many misunderstandings regarding life insurance policies. Many people arent sure if they need life insurance, and if they do- how much insurance is necessary? What kind of insurance?
The New Bankruptcy Law Will Soon Be In Effect
The new bankruptcy law will soon be in effect
The Two Main Requirements For Filing Bankruptcy In Delaware
The main goal when filing bankruptcy is to allow honest individuals who have had unfortunate events occur which have lead to severe debt, to have these debts discharged, thus relieving the debtor from their previous debts. This allows the debtor to pursue a fresh financial start. This was the decision of the Supreme Court in 1934. If you are a resident of Delaware who is facing severe debt and you are considering filing bankruptcy, you can find the debt relief that you so des…
There Are Bankruptcy Laws That Can Protect Us
Some times people get to a point where they have taken on too much credit and become overpowered by the weight of too much debt, just remember though that there are bankruptcy laws that can protect us. There are some creditors that will think nothing of bullying and harrassing people who do not pay on time, this isn’t such a bad thing when there are people that are just plain irresponsible. In most cases though people who can’t pay the bills are living at the bottom financi…
There Is Life After Bankruptcy
There is a way to reduce your debt and not lose everything you have worked for all your life. Chapter 13 bankruptcy can do just that. It allows you to pay your debtors over a five-year period with little or no interest incurred. There is one catch however; you have to have a regular income. There are other criteria that you have to meet, but the regular income is the most important. To find out if you qualify, you will need to contact a bankruptcy attorney. He will be able to…
The Alarming Rise In Bankruptcy Filings
When you take the time to view the statistics of bankruptcy you will be alarmed and shocked. In a years time form 2006 to 2007 the number of bankruptcy filings increased by 39,365. On June 30th, 2006 it was recorded that for the year a total of 91,674 people filed for bankruptcy. On June 30th, 2007 it was recorded that for the year a total of 91,674 people had filed for bankruptcy.
Starting Over With Bankruptcy
Regaining your financial health can seem impossible and overwhelming. If you take it one step at a time the process can be not nearly as complex as most of us choose to believe. Your first step would be to contact your creditors. Explain your situation and ask about payment plans to help lower the amount paid and to pay down your bill until you are caught back up. Your second step is to create budget expenses. Calculate your income, bill amounts, and other miscellaneous expen…
Stop Creditors In Their Tracks With Bankruptcy
Nobody likes to get phone calls from collection agencies. Despite laws intended to protect consumers from harassment, most collection agencies make you very uncomfortable when theyre trying to get the money from you and will call you several times a day. If you have gotten to this point with your financial situation, its no wonder youre considering filing bankruptcy for some relief!