The New Bankruptcy Law "means Test" Explained In Plain English With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion with regard to the new "means test" requirement The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy The purpose of this article is to explain in plain language how the means test works, so that consumers can get a better idea of how they will be affected under ...

Beware Of Credit Repair! We've all seen them "Send me 9995 and I'll fix your credit and you can get a one million dollar credit card tomorrow" Ok so I am being a little dramatic This article is to give you some insight into repairing your credit It is not meant in any way to be legal advice We will discuss several things in this article such as how credit works, paying or settling debts, credit repair companies, and establishing new credit Before we begin I want ...

Utah Mortgage If you live in Utah, undoubtedly you have heard of the bankruptcy problem pinching the whole state For several years now, Utah has held the devious honor of ranking among the states with the highest annual bankruptcy filing rate There is likely more than one explanation for such a phenomenon At the very least, there is no easy answer as to why exactly so many citizens of Utah struggle with financial issues In fact, one might expect the opposite of Utah citizens, given the strong presence ...

Teen Credit Card Basics Teen credit card basics will help you raise money smart kids Knowing how to handle credit is important and not something they are likely to learn in school If you teach your children smart ways to manage credit, it will help to ensure they get the right start and don't wind up with bad habits Credit is a necessity in today's world and teaching your teens credit card basics will help to make it easier for them to rent their first apartment, ...

Credit Counseling Services: Some Things You Need To Know If you are one of the millions of Americans who have tons of credit card debt you may be considering using a credit counseling service In fact, if you're considering filing for bankruptcy, a new law will make it compulsory to work with one of these services But the credit counseling industry is filled with sharks and there are a few things you need to know before you jump into the water with them First of all, recognize ...

Credit After Bankruptcy Is Not Impossible If you are going to file for bankruptcy, it is true that you will not have very good credit after bankruptcy However, this does not mean that you will never be able to get loans, and it certainly doesn't mean that you will never have a good credit history again While it is true that there will be a short period of time during which it will be exceptionally hard to get credit, it is not true that you will ...

Get A Free Bankruptcy Form Online If you want to file bankruptcy on your own, you can You just need to make sure that you get the right bankruptcy form There are a lot of different places where you can get a bankruptcy form - including online One thing you should keep in mind, however, is that you should not have to pay for your bankruptcy form Therefore, if you do look for bankruptcy forms online, make sure that the site you go to is not ...

The Bankruptcy Record Is Open To The Public Before you file for bankruptcy, it is important to realize that all bankruptcy proceedings will be listed in public bankruptcy records Therefore, if you have filed for bankruptcy, it is possible for anybody - including future employers or creditors - to easily look up your bankruptcy record while trying to discover your financial history This can be very annoying in the future, and might make it harder for you to get credit that you need Another result of this is ...

Overwhelming Debt? Bankruptcy May Be Your Way Out, But Maybe Not Things are bad, really bad They have to be for you to be considering bankruptcy It's true that bankruptcy can wipe away your debts, or most of them anyway Taxes are exempt from bankruptcy protection You can declare bankruptcy, but if a substantial portion of your outstanding debt is back taxes, interest and penalties, you are not going to escape If, however, most of your debt is credit card debt, mortgage, car loans and other consumer ...

Bankruptcy - Look For The Warning Signs The Bankruptcy Abuse and Consumer Protection Act, signed into law last April, will take effect this month and bring with it some of the most sweeping changes in debt law in history As the new requirements are much more strict, expensive, and time consuming than the old ones, consumers with problem debt are rushing to file now But many others are wondering if their debt problems are serious enough to warrant the rather drastic decision to file for bankruptcy Here are ...