A debt settlement program can help you get out from underneath crushing debt and get someone in your corner who can help deal with hostile creditors. These programs will provide you with someone who can negotiate your debt for you and often obtain a settlement that is far less than what you owe. Below is [...]
From The Original Government Document Found Here: http://www.uscourts.gov/bankruptcycourts/bankbasics.pdf transfer Any mode or means by which a debtor disposes of or parts with the debtor’s property. trustee The representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the unsecured creditors, under the general supervision of the court and the direct supervision [...]
From The Original Government Document Found Here: http://www.uscourts.gov/bankruptcycourts/bankbasics.pdf no-asset case A chapter 7 case where there are no assets available to satisfy any portion of the creditors’ unsecured claims. nondischargeable debt A debt that cannot be eliminated in bankruptcy. Examples include a  home mortgage, debts for alimony or child support, certain taxes, debts for most [...]
From The Original Government Document Found Here: http://www.uscourts.gov/bankruptcycourts/bankbasics.pdf debtor A person who has filed a petition for relief under the Bankruptcy Code. debtor education see credit counseling defendant An individual (or business) against whom a lawsuit is filed. discharge A release of a debtor from personal liability for certain dischargeable debts set forth in the [...]
From The Original Government Document Found Here: http://www.uscourts.gov/bankruptcycourts/bankbasics.pdf Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy process. Bankruptcy Basics is designed to provide debtors, creditors, judiciary employees, and the general public with a basic explanation of bankruptcy and how it works. This glossary of bankruptcy [...]
Budgeting may not be the first thing on your list but if you want to keep your finances organized and under control, you may want to give it a shot. Personal Finance Budgets do require some detailed information collecting but once you get that out of the way, you will have a very clear picture [...]
If your debt has spiraled out of control and you’re at risk for default in on your current loans, credit cards or other monthly payments, bad debt consolidation may be an option to help keep you out of trouble. Consolidating debt can be confusing for those who are unfamiliar with the options available and, quite [...]
Although bankruptcy can be a complicated issue and the rules regarding bankruptcy are different for each state, the different types of bankruptcy all follow the same general process nationwide. In this article you will learn about how bankruptcy works along withy the different types of bankruptcy that apply to different situations. The basics of bankruptcy [...]
Most people like to think that they can understand their debt and manage it effectively. At the first signs of debt trouble, most people look to solve the problem themselves by reducing their spending and watching their accounts more closely. But eventually, this may not be enough and debt issues may begin to spiral out [...]
In the United States, debt is unfortunately an everyday part of life. The amount of debt in this country has been increasing year-over-year for decades and is the reason why credit card companies and other creditors have become big business. With the amount of debt however, has come a lot of opportunity for credit card [...]
