Life Event: Debt Solvency & Bankruptcy

Bankruptcy. It's a word that scares people and rightly so. It has a major impact on your financial well-being for many years afterward: Interest on credit cards increase, it's harder to get a loan, your wages can be garnished and more. When creditors start calling and harassing you, protect your assets and financial standing by knowing what your options are and how to rebuild if you decide to declare bankruptcy.

Bankruptcy

• Bankruptcy Laws in Your State
• Bankruptcy FAQs
• What are the Basics of filing for Bankruptcy.
• Factors to Consider when thinking about filing for bankruptcy.
• Which Bankruptcy Type Should You Choose?

  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy

• Bankruptcy and your Credit: What are the side effects?
• Should you File for Bankruptcy Individually or Jointly?
• How is Timing Important when filing for Bankruptcy?
• Understand the Tax Consequenses in the type of bankruptcy you file.
• Judgment Proof? What does it mean?

Collection

• Understand the Fair Debt Collection Practices Act so you know your rights when it comes to creditors calling.
• Get the facts about the Fair Credit Billing Act so billing errors and unfair billing practices won't hurt you.
• Know your options when Dealing with Debt.
• Follow these Debt Counseling tips.
• Understand how and when Bank Account Seizures happen.
• Find out what you need to know about Garnishment.
• Understand how you may be protected under the Servicemembers' Civil Relief Act.

Your Credit

• Understand your rights under the Fair Credit Reporting Act.
• Make sure you receive and review your Free Annual Credit Report.
• Get the facts about removing information or Correcting Errors on your credit report.
• Know how to Close an Account the right way so as not to hurt yourself financially.
• Avoid Credit Repair Scams that could actually hurt your credit.