Maintain your old Siemens Hipath system

Bankruptcy ? Bankruptcy Myths

Bankruptcy has long been a big question mark in the eyes of the consumer. After all they don't teach us about bankruptcy in school. More often than not, a person's view of bankruptcy is largely developed by either their parents or close relatives personal views or dealings with bankruptcy, or a persons view is based on what they see as far as ads etc. regarding bankruptcy. Too often these ads are simply put together by bankruptcy attorneys that want your business. Bankruptcy is big business. With 1,597,462 personal bankruptcy filings being made during the calendar year in 2004 you can see that there is a lot of money to be made by bankruptcy attorneys. While not all bankruptcy attorneys are in it for the money it is apparent by the plethora of advertisements online or on TV that make claims such as you'll be on your way to good credit it no time, or claims that it's easy to file that there are bankruptcy attorneys with their own personal gains at the top of their mind.

Here is a list of myths or untrue statements that I have come across when researching bankruptcy that I wanted to share with you, the consumer.

All Debts are Erased When you File for Chapter 7 Bankruptcy Protection.

This is simply untrue. Don't believe anyone who says this to you. You will find out quickly that there are certain debts that can't be erased. These debts include and child support or alimony, student loans, or any fraudulent debt. Although some legal settlements may be removed it's not guaranteed.

Filing for Bankruptcy Protection Will Improve Your Credit Rating.

No it will not. This is used in several unscrupulous bankruptcy attorneys' advertisements. Be wary of anyone telling you this. The fact is bankruptcy is by far the worst and most damaging mark you credit report can receive. Other negative factors may stay on your credit report for 7 years; bankruptcy can be there for up to 10 years.

Bankruptcy is an Easy and Pain Free Process.

Some bankruptcy attorneys use this in their advertising as well. This is a statement that is false as it is not an easy choice for most consumers. Bankruptcy is one of the harder choices a consumer will make and the aftermath that may develop after a bankruptcy can create long lasting personal problems. Relationship problems, trouble getting a job that requires a clean credit history, or even dealing with the personal stigma attached to bankruptcy can make it difficult for a long time. If someone tells you this is an easy choice they are not looking to help you but rather to profit from your hardships.

While bankruptcy may be unavoidable for some individuals due to hardships that they may be experiencing, bankruptcy is not for everyone. Bankruptcy attorneys should try to find other solutions for you before recommending their own help. Review your options before making your decision, as this may have a long term impact and not provide the quick fix some look for when choosing bankruptcy protection.

Article written by Richard Munster

Rick Munster is the Media Planner for Debt Reduction Service, http://www.debtreductionservices.com When he's not busy media planning he can be found writing, hiking or finding a nice lake to drop a line into.

In The News:

Scrapping for food to survive: Inside the frontline of Yemen's war
Mon, 18 Feb 2019 16:09:00 +0000
Yemen's warring parties have agreed to withdraw their forces from Hodeidah - providing fresh hope for the fragile ceasefire in the city.

British man missing from popular Australian beach
Tue, 19 Feb 2019 01:56:00 +0000
A British man has gone missing from a popular beach north of Sydney in Australia.

Great white sharks could help cure cancer in humans
Tue, 19 Feb 2019 00:00:00 +0000
Great white sharks could help scientists to discover a cure for cancer in humans thanks to their huge and extraordinary genome.

Senators may investigate 'coup' to remove Trump
Mon, 18 Feb 2019 09:28:00 +0000
An investigation may take place into claims senior officials discussed whether Donald Trump could be removed from office.

British tourists 'stocking up on euros' as Brexit looms, figures suggest
Mon, 18 Feb 2019 11:33:00 +0000
Britons are stocking up on euros ahead of Brexit, new figures suggest.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Credit Repair - Understanding The Basics

What is Credit?Credit means that you are using someone else's... Read More

Debt Management - Is It the Right Choice For You?

Debt Management plans offer credit counseling clients a different and... Read More

Solutions to Single Mothers in Debt

As a single mother, lets admit it, times get tough.... Read More

How To Pay Credit Card Debt Off

If you are determined to pay credit card debt off... Read More

How To Get Out Of Debt

If you have found yourself in a position where you... Read More

How to Protect Yourself: Debt Collections

So you are getting collection calls? You're desk is full... Read More

Questions to Ask a Credit Counseling Service about Debt Relief

Debt relief is a topic on a lot of consumers'... Read More

Bankruptcy Abuse

Bankruptcy is little more than a smack on the hand... Read More

Debt and Your Dreams

You may not realize what that credit card bill is... Read More

Turning Bad Debts into Good Debts through Investing Fundamentals

If you've ever earned enough money to put some aside,... Read More

Yes to Less Debt

Feeling stressed by the amount of debts you have? Three... Read More

Debt Elimination 1

If you have multiple debts, you may well be wishing... Read More

A Debt Elimination Process Must Be Initiated From You.

The first and maybe most important step in a debt... Read More

What Is A Chapter 13 Bankruptcy?

Many consumers that are bogged down in debt frequently turn... Read More

Bankruptcy 101

Bankruptcy still remains a mystery in the eyes of many... Read More

Mr. Cheapies Frugal Budget Tips

So you feel like a hamster spinning your wheel? The... Read More

Debt Elimination Is The Key to Financial Freedom

If you want financial freedom, the first thing that you... Read More

Debt Recovery Can be Easy

OK, so you are up to your head in debt.... Read More

Is Filing for Bankruptcy an Option for You?

Bankruptcy laws give debtors a way to resolve debt by... Read More

How Do You Spell Debt Relief?

Of all the problems possible in a marriage, finances cause... Read More

Save Money When Going Out

It seems as though whenever we go out for the... Read More

The Last Debt Solution Should Be Bankruptcy

A debt solution like bankruptcy should really only be used... Read More

Budget the Luxuries First!

Strictly speaking, his advice was preceded by another Heinlein maxim... Read More

A History of Money and Banking Secrets That Banks Dont Want Published

A History of Money and TradeTo start with a history... Read More

Why You Should Get Out of Debt Today?

The main reason for getting out of debt today, is... Read More