Bankruptcy Right For You?
Bankruptcy? Thinking of Throwing in the Towel?
Thinking about filing bankruptcy? You need to give it some serious thought, there may be consequences that go far beyond the actual discharge of your debt. There are two types of bankruptcies that most individuals file. One is chapter 7 which is a complete discharge of all your debt. The other, is chapter 13 were basically you make a payment arrangement with the trustee and your creditors.
So when do you decide it’s time to throw in the towel? You have to ask yourself the following questions. Do your debts exceed your income? Are you anxious and scared to total all of your debt? Is your phone ring off the hook incessantly? Are you only paying the minimum amounts on any payment due? If you answered yes to two or more of these questions, then you should seriously consider if bankruptcy is right for you.
Categories: consumer info Tags: bad debt, bankruptcy, credit card debt, credit counselor, debt, maxed out, personal credit crisis
Credit After Bankruptcy
This is a book that I have really been looking forward to reviewing. I am very glad that I finally got the chance.
Just after I declared bankruptcy, I was researching ways to repair my own credit, and I ran across Stephen Snyder’s website. He is the author of this book, “Credit After Bankruptcy” and he has an excellent series of free newsletters that I made good use of when I began my own journey of recovery.
At that time I didn’t consider buying and reading the book that went along with the emails though. So, I was very happy to find it on the list of used books available on Amazon.com. Although the book does contain some of the same information mentioned in his emails, there was quite a bit of entirely new information too. Here are a few of the highlights:
Snyder Begins the book with a laundry list of some historical, and very famous people who have all declared bankruptcy.
Credit After Bankruptcy: A Book Review
Categories: bankruptcy Tags: bankruptcy, credit repair, credit score, finance