When you decide to pursue bankruptcy, you have the option of filing as an individual or filing a joint petition if you are married. When you file jointly, the bankruptcy court reviews both your credit history and the credit history of your spouse, and makes their decision about your bankruptcy based on information from the […]
Zombie debt. It’s a term that sounds scary and it’s used to describe a phenomenon that can be scary for someone who believes a debt to be a thing of the past. How does a debt come back to life – like a zombie? In the credit world, debts are often sold to third-party financial […]
Filing for bankruptcy is a big step and one of the reasons people postpone the process is because they are scared to make a mistake. For good reason, too. Submitting incomplete or misleading information when you file for bankruptcy can result in rejection of your bankruptcy request. This is true even if your mistake was […]
Bankruptcy is a major life changing event. Though it might not seem like it at first, it is a positive step in the right direction. It’s a commitment, not only to yourself to build a brighter financial future, but to the bankruptcy court and your creditors. And like all big commitments, there are guidelines and […]
