The thought of filing for bankruptcy is likely to prompt two contradictory reactions: some people dread bankruptcy as a permanent stain on their financial record, while others may think of it as a get-out-of-debt-free card. The fact is, bankruptcy is ... [Read more...]
After Bankruptcy: What You Need to Know to Rebuild Your Credit
Perhaps you’ve been overwhelmed by debt and you’ve made the tough decision to file for bankruptcy. Now, you’re ready to emerge from your bankruptcy and you’re eager to rebuild your credit. After years of structured payments and limited borrowing ... [Read more...]
Can a Creditor Pursue a Bankrupt Person’s Co-Signer After A Bankruptcy Discharge?
Many people have loans or debts that a friend or relative has guaranteed or co-signed. In these situations, debtors considering bankruptcy are often concerned whether a discharge of indebtedness will also absolve co-signors of their responsibility ... [Read more...]