Recent Posts in Effect of Bankruptcy on Credit Category
Posted on Dec 30, 2011 By Nicholas Westbrook
The word "equity" is used in several professions and has several different meanings. In law, "equity" generally means fashioning a result that makes thing right. In other ...
Continue reading "What Does Equity Mean in Bankruptcy?" »
Posted on Sep 16, 2011 By Nicholas Westbrook
When you make the decision to file Bankruptcy , it is very important to list all of your creditors, their mailing addresses, and the amounts owed. The Bankruptcy Code requires that you list all of ...
Continue reading "Reviewing Your Credit Report Prior to Bankruptcy is Important" »
Posted on Jul 5, 2011 By Nicholas Westbrook
After Bankruptcy , derogatory or negative information remains on your credit report between seven and ten years. However, the Fair Credit Reporting Act (FCRA) specifically addresses Bankruptcy ...
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Posted on Dec 14, 2010 By Nicholas Westbrook
One of the common terms in Chapter 7 and Chapter 13 Bankruptcy is "discharge" of your debts. A discharge in Bankruptcy is a Court Order that imposes a permanent injunction against applicable ...
Continue reading "Exceptions to the Court’s Discharge: When a Creditor Can Still Collect After Bankruptcy" »
Posted on Oct 20, 2010 By Nicholas Westbrook
Remember the old saying, "Consider the source?" Well, when you get your legal advice from the internet or your know-it-all friend or relative, remember to "consider the source." There are many ...
Continue reading "Be Aware of Bankruptcy Myths and Half-Truths" »
Posted on Jul 30, 2010 By Nicholas Westbrook
During most of my initial consultations, the person sitting across from me asks: "Will filing Bankruptcy ruin my credit?" The short answer is "Yes." It is common sense that filing Bankruptcy will have ...
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