Tag: bankruptcy

Bankruptcy advice from StepChange Debt Charity

if you’re struggling to deal with your debts and our unlikely to pay them off in a reasonable amount of time bankruptcy could be a solution for you. Bankruptcy is a legal process where your debts are written off. Your finances will be overseen for a year by an official receiver from the Government Insolvency […]

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What If the National Debt Were Your Debt?

According to the White House Office of Management and Budget, the federal government collected $2.2 trillion in 2011. That includes revenue from all sources: income taxes, payroll taxes, corporate taxes, excise taxes, estate taxes, tariffs, and all other sorts of taxes and fees. Also in 2011, the federal government spent $3.8 trillion and was $14.6 […]

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Is Student Loan Debt Forgiveness a Good Idea?

FEMALE 1: Going to college has become part of, like, a necessity for everyone, that the government should be able to pay their part in order for everyone to be able to go. FEMALE 2: The idea of taxpayers, sort of, forgiving the debt is a good one in principle, but in practice I’m not […]

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How to Rebuild Your Credit (Debt Management 1/4)

Meet Sara and Randy. Sara is a newly-arrived immigrant to the United States and Randy is a middle manager at Corporate Co. The two met six months ago on Tinder and have been together ever since. Their future looks bright, except for one thing: bad credit. To put it bluntly, Randy has horrible credit, mostly […]

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What Happens To Your Debts Once Bankrupt?

What happens to your debts once bankrupt? Once you are declared bankrupt or file proposal your unsecured creditors are not allowed to collect any money from you Unsecured Debts and Creditors: Unsecured debts are debts not secured by any assets. For example, credit cards and personal loans are examples of unsecured debts Generally, unsecured creditors […]

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Debt Relief & Management Tips : How to Consolidate Credit Card Debt

Hi my name is Marie Enomoto from Consumer Credit Counseling Service and today we’re going to talk on how to consolidate credit card debt. If you have some credit card debt in several credit cards, and you want to make it one, you can do two things. First thing is to see if you can […]

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Authorized Users and Bankruptcy: What Shows Up On Your Credit Report?

So what if you’re an authorized user on someone’s card and you’re going to file bankruptcy or what if someone else is an authorized user on one of your accounts and you’re going to file bankruptcy on it what do you do? So I think this is like one of the most common questions folks […]

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