Financial Team

If you’ve made the decision to get control of your debt (and possibly get rid of it), congratulations! Taking an honest look at your debt obligations isn’t easy. Neither is it easy to develop an effective repayment plan.

Over the last several years, two types of companies have emerged – both aimed at helping consumers manage and eliminate debt. Many people assume that “debt consolidation” and “credit counseling” are essentially one and the same, but they offer very different services and may not be right for everyone.

Debt Consolidation

Debt consolidation is exactly what it sounds like. All of your outstanding credit accounts are consolidated into one loan and one monthly payment. With debt con

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Today their are plenty of bankruptcy attorneys posting ads all over TV looking to give you the so called easy way out of your debts but is it.  Before you can consider ever reason bankruptcy will solve your problems, you also need to consider what is life after bankruptcy like?

In this article I’m going to cover three things that could change you life after filing bankruptcy and give you several question you think about before you consider the big “B.”

Loans and Credit

The first thing that will change in life after bankruptcy discharge is the availability of loans and credit.  In most cases your loans will be either liquidated or put into a payment plan and paid off over time.

Your credit score will be lowered dramatically with it now bearing the scar of bankruptcy.  In fact you will not be able to get any type of loan for at least a couple of years.

The average bankruptcy will last on your credit report for a minimum of 7 to 10 years.  This means no more credit cards, mortgages, car loans, or any other loans for that fact.  Your life will literally come to a stand still as credit and loans will dry up like a dessert.

You will have to rely on cash only to survive.  No more quick and easy credit cards to pay for dinner or a night out on the town.  You will have to live a slimmed down lifestyle that will require you to have a strong will and a ton of patance.

Do you have the will?

Housing

The next thing that may change for you is where you live.  If you are filing a chapter 7 bankruptcy you may lose your home, however with a chapter 13 bankruptcy they may be able to impose a homestead exemption to protect your home from being lost. However if your hom

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Are you looking for an easy way to get started on the bankruptcy process but don’t know where and how to get started.  In this article I am going to show you how to file bankruptcy online with a well known company called Legal Zoom.

Getting Started

Getting started with your online bankruptcy filing is actually very simple and with Legal Zoom they make it very easy to get up and running.  Now I should mention before you get started that you should also know just because you are going to file for bankruptcy online does not mean you will automatically be accepted.

To be fully excepted, a bankruptcy attorney will have to review your situation and qualify you.  The great thing about Legal Zoom is that they work with qualified attorneys all over the country and even in your area, and the best part is they will do it all for one flat fee through Legal Zoom.

Check The Pricing

The next thing you will have to do is check the pricing in your state.  To do this go to legalzoom.com and scroll down the left side and look for the bankruptcy link.  This will direct you to the bankruptcy page.

Next click on the check pricing tab.  In this section you will be able to see what kind of fees you will have to pay in order to file bankruptcy in your current state.  For example in the state of Ohio it will run you around $1400.

Now this does not include court filing fees which will run you another $299 for a chapter 7 bankruptcy.  However this is very reasonable since filing in some states with the traditional method can be very expensive.  If you decide instead to file for a chapter 13 bankruptcy you can as well but the fees may vary.

Complete The 3 Step Process

Once you have agreed on the price you will be able to get started by creating an account and filling out an online questionnaire.   This que

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Existing home sales fell by more than 7% in the last two months, but that decline was moderate relative to the plunge in forerunning pending home sales, which dived by more than 30% since their April peak. Thus we predict that existing home sales will have decreased sharply from 5.37m to a new low of about 4.25m annualised in July. After plummeting from 422k to 267k in May, new home sales rebounded by 23.5% mom to 330k in June. Although the free fall was stopped, the level was still almost 17% lower than in the previous year and 75% lower than at the peak in July 2005.

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As of August 15th, 2010, there are new laws in place regarding overdraft fees from your bank. Up until that date, many banks and credit unions automatically enrolled customers in an overdraft service that could run as much as $35 each time you over-drafted your account. This service was there (in addition to padding the bank’s bottom line) to “protect you” from having your card declined due to having insufficient funds in your account. Granted, if they had just left the $35 IN the account, maybe you wouldn’t have gone over the limit, but still – this was an automatic enrollment and not something you could opt out of. Well, tha

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