Archive for November 6th, 2009

Don t Lose Your Home! Contact a Bankruptcy Attorney Today!
The decision to file bankruptcy is a serious decision but it is a decision that can give you a fresh start if there is no other way out. Bankruptcy is a legal way to discharge unsecured debt that can provide an overwhelmed debtor with a new beginning. It may be possible to keep your present home and your car after filing bankruptcy. A law firm such as the Malaise Law Firm, with attorneys skilled in San Antonio baenkruptcy law can help you decide if bankruptcy is the correct decision for your particular situation. If the decision is made to file bankruptcy, they will explain to you the pros and cons of the two types of bankruptcy available to individuals, Chapter 7 and Chapter 13. Chapter 7 is what most people usually think of as bankruptcy. In Chapter 7 bankruptcy, a debtor s non-exempt assets are liquidated or sold with the proceeds used to pay toward unsecured debts such as credit cards, loans, and medical bills. In the majority of bankruptcy cases people do not lose any property and the unsecured creditors get nothing. Several months after filing bankruptcy the unsecured debts are discharged and the creditors can never collect on the debt. A secured creditor may still enforce a lien to recover property secured by the lien. Chapter 13 is a debt reorganization or consolidation bankruptcy. If a debtor has regular monthly income, their debts including mortgage arrears, car payments, credit card bills, medical bills, loans, student loans, etc. are combined into one low monthly payment. Since the debtor is paying back their creditors through a repayment plan, the debtor does not risk losing their assets as they may under Chapter 7 bankruptcy laws. During the repayment plan creditors are prevented from contacting the debtor without first going through the debtor s bankruptcy attorney and the court. Millions of people declared bankruptcy in 2007 to get the fresh start they needed. Contrary to popular belief, your credit is not permanently damaged and it is still possible to get credit after filing bankruptcy. At the Malaise Law Firm, our San Antonio bankruptcy attorneys have over 40 years experience helping people file bankruptcy, with two board certified attorneys. We put our emphasis on helping our clients do what is in their best interest and our clients needs always come first. The Malaise Law Firm serves the residents of San Antonio, Houston, Dallas, Fort Worth, Corpus Christi, Harlingen, Brownsville, and McAllen, Texas with all of their legal needs including bankruptcy. If you would like to see what we can do to help you please contact The Malaise Law firm today at http://www.malaiselawfirm.com/contactus or call 1-800-BANKRUPT for immediate assistance. or call 1-800-BANKRUPT for immediate assistance.Tom Moss writes about <a href ="http://www.MalaiseLawFirm.com">Bankruptcy San Antonio</a> laws.
Source: www.ArticlePros.com

How To Keep A Bankruptcy List To Make Your Bankruptcy Problems Private
Nowadays, you see many commercials on TV trying to convince you that your credit score will determine just about every aspect of your future They tell you that you may not be able to get the job you wanted, the car you were dreaming about, or even the right spouse if you don’t have the right credit score Okay, so maybe they don’t mention the spouse, but I’m sure that will be coming up in the future commercial . .They make it seem like your whole world is going to come crashing down if you miss a few payments and have a negative credit rating So I can just imagine what they would say about someone who declares bankruptcy Not only will your credit be damaged, but your name and financial information may end up on some sort of bankruptcy list for everyone to see Is it really that bad? . . .Well, the truth is that bankruptcy is a big deal, and it should be treated as such Also, your bankruptcy filing will become a matter of public record, which means that people may find out about it and do some digging Are you going to be blacklisted when you try to apply for a job and make any kind of financial transactions? No, I don’t think so . .That’s not to say that bankruptcy won’t have its negative consequences After all, you just had your debts wiped out, and this will make creditors think twice (or three times) about giving you a loan But you will be able to gradually improve your credit score, especially if you are willing to pay higher interest rates In fact, some lenders even seek those who have just filed for bankruptcy because they don’t have any other debts to worry about! . .The bottom line is that you must do what is best for your family and your financial future, and you’ll only know this if you look over your situation carefully and discuss things with a bankruptcy lawyer Otherwise, don’t worry about being put on any kind of bankruptcy list Do what you need to do for your family, and don’t worry about what other people think .
Source: www.rsstnx.com