Archive for June, 2008

Bankruptcy Abuse – What Constitutes Abuse?

Tuesday, June 24th, 2008

Having a lot of unsecured debt might be one of the reasons that a debtor chooses to file for chapter 7 bankruptcy. The debtor can get discharged from all of his unsecured debts by filing for chapter 7 bankruptcy. Debt from credit cards, hospital bills, lawsuits, and other ...

Can Debt Problems Be Solved by Bankruptcy?

Thursday, June 19th, 2008

Does your debt situation continue to go from bad to worse? Is bankruptcy the only option that you have left to consider? Then you will need to fully explore all the available options to you before you go down this path as there is no turning back. Your credit will ...

Secured Creditors & Unsecured Creditors – What’s the Difference?

Wednesday, June 18th, 2008

A "secured creditor" is one that has a lien on property such as a home or car. A lien is an interest in property that a creditor can use to satisfy a debt. Liens can be voluntary (mortgage or auto loan) or involuntary (a lien on property resulting ...