Debt Fueled Prosperity Leads to Bankruptcy Filing

If someone were to try and explain what were the causes of the dire economic conditions the US is facing, the easiest way would be to say that Americans are living in an economic fantasy world that in no way is sustainable. Today, the GDP numbers were released showing a dismal 1.2% growth for the United States, yet the media keeps raving about how the housing market is returning and everything is all better.

Tips For Filing Chapter 7 And Chapter 13 Bankruptcy:
Look into all of your options before you choose to file for bankruptcy. Before filing, talk with an attorney who can help you weigh all of your options. If foreclosure is imminent, see if your loan can be altered at all through a modification plan. The lender may be willing to reduce interest rates, eliminate late charges or extend the life of the loan. When all is said and done the creditors just want their money, and more often than not will work with you on a repayment plan.

Is Filing Bankruptcy Still Possible in 2013?
In today's tough economic climate many people are wondering, who can file bankruptcy? In 2012 alone, over 1.3 million Americans filed bankruptcy to eliminate debt.

Winds of Change Can Take Us to a Better Place:
The Winds of Change Can Take Us to a Better Place - don't be discouraged - move forward to a better place. Your financial situation is never hopeless.

Planning for a Mortgage Application After Bankruptcy:
Planning is the key to arranging financing after a bankruptcy. Most people give little or no thought to the next move before filing a BK. The lack of planning is what makes it difficult.

Can I Get a New Personal Bank Account Even Though I'm Bankrupt?
When you apply for a high street account, the bank in question will always perform a credit check on you in order to see if you are credit worthy and if you will be a good risk for them, as they only really like to have good credit customers as their main account holders. If you are in the unfortunate position whereby you have either been bankrupt or indeed have just gone through the process of bankruptcy, then your application will almost certainly be declined. It is also worth noting that all the major high street banks and...

Filing for Bankruptcy and Finding Out You Have Cross Collateralized Loan:
 When someone decides filing for bankruptcy is in their future, they will usually consult a bankruptcy attorney about what they might run into. As the financial markets become more and more complex, there are some landmines that people run into filing bankruptcy. This once again is a good reason to be represented by an experienced bankruptcy attorney that has filed many petitions.