http://ezinearticles.com/?cat=Finance:Bankruptcy-Personal EzineArticles.com - Trusted By Millions as The Source For Quality Original Articles http://creativecommons.org/licenses/by-nc-nd/2.0/ The numbers of bankruptcy cases are rising steadily across the US, there isn't a lot of promise coming from Washington to help with the mortgage crisis as more and more Americans find themselves in default and facing foreclosure. Consider contacting your lender and asking for a loan modification, this is quickly becoming common practice today as many lenders are at risk losing millions of dollars in the wake of the mortgage crisis in which homeowners are often choosing to walk away from their homes rather than continue paying the high interest rates on the sub prime loans that financed their homes. Wed, 07 May 2008 13:45:31 -0500 http://ezinearticles.com/?Bankruptcy-Cases-Spread-Fast-Across-The-US&id=1152220 http://ezinearticles.com/?Bankruptcy-Cases-Spread-Fast-Across-The-US&id=1152220 Bankruptcy can bring more problems with it than you might expect, especially if you're not entirely sure what it is. Luckily, there are a variety of online resources that can not only educate you as to the ins and outs of bankruptcy but can also assist you with your filing or help you to find an alternative to filing for bankruptcy. Of course, the topic of bankruptcy is rather broad and can't be completely covered within the limited scope of this article. Sun, 27 Apr 2008 13:47:53 -0500 http://ezinearticles.com/?Finding-Bankruptcy-Assistance-Online&id=1131841 http://ezinearticles.com/?Finding-Bankruptcy-Assistance-Online&id=1131841 Bankruptcy can have serious, long term effects on your life. If you become bankrupt, you may have to give up valuable possessions and property. Your personal finances will have to be investigated, and restrictions will be placed on future investments. Sun, 27 Apr 2008 10:27:51 -0500 http://ezinearticles.com/?What-is-the-Alternative-to-Bankruptcy?&id=1131389 http://ezinearticles.com/?What-is-the-Alternative-to-Bankruptcy?&id=1131389 Filing bankruptcy is a big decision. Here's a brief over of the facts, the process and some alternatives. Fri, 25 Apr 2008 08:19:54 -0500 http://ezinearticles.com/?Personal-Bankruptcy&id=1134039 http://ezinearticles.com/?Personal-Bankruptcy&id=1134039 One of the more creative plans put forth by legislators as an effort to alleviate pain in the housing market and stop the rising tide of foreclosures has been to alter the bankruptcy code. This would allow bankruptcy court judges to reduce the principal balance on mortgage loans, bringing the amount the homeowners owe more in line with the current market value of the property. Thu, 24 Apr 2008 12:53:15 -0500 http://ezinearticles.com/?Pros-and-Cons-of-Altering-the-Bankruptcy-Code-to-Help-Judges-Fight-Foreclosures&id=1124484 http://ezinearticles.com/?Pros-and-Cons-of-Altering-the-Bankruptcy-Code-to-Help-Judges-Fight-Foreclosures&id=1124484 Bankruptcy can be traced back to the Old Testament and the Moses Laws, which states every fifty years all debts are eliminated. The Hebrew Law of Forgiveness instructs release of debt every seven years. So, why is it in today's society filing bankruptcy makes us feel as if we have committed a sin? Tue, 22 Apr 2008 15:47:12 -0500 http://ezinearticles.com/?Bankruptcy-Is-It-Your-Best-Option?&id=1117900 http://ezinearticles.com/?Bankruptcy-Is-It-Your-Best-Option?&id=1117900 For some people, bankruptcy is embarrassing and stigmatizing. It shouldn't be, because most people only file bankruptcy when they have no other choice. There are certain things you can do to make the bankruptcy process less painful. Most people have never thought of doing things to prepare for the bankruptcy process. Well, here are some ideas that can help you. Fri, 18 Apr 2008 08:10:22 -0500 http://ezinearticles.com/?Five-Steps-to-Take-Before-Filing-Bankruptcy&id=1108794 http://ezinearticles.com/?Five-Steps-to-Take-Before-Filing-Bankruptcy&id=1108794 By the time a sheriff sale has been scheduled, homeowners may be so far behind on the mortgage that there is little chance of establishing a workout solution with the bank, and their credit may have deteriorated to such levels that there is no chance of qualifying for a new loan. But not all hope is lost even at this late date, as homeowners can consider filing bankruptcy as a last resort to keep their home from being lost to foreclosure. Fri, 11 Apr 2008 15:05:16 -0500 http://ezinearticles.com/?Using-Bankruptcy-In-Self-Defense-When-Facing-Mortgage-Foreclosure&id=1102072 http://ezinearticles.com/?Using-Bankruptcy-In-Self-Defense-When-Facing-Mortgage-Foreclosure&id=1102072 One of the options that are recommended for homeowners facing foreclosure is that of filing Chapter 13 bankruptcy. But too many people in foreclosure seem to believe that this option will automatically end the foreclosure and they are not expecting to go back into foreclosure after filing. Unfortunately, the reality is quite different, as the vast majority of people going through this legal process end up back in foreclosure instead of completing the bankruptcy plan. Fri, 11 Apr 2008 15:01:36 -0500 http://ezinearticles.com/?Filing-Personal-Bankruptcy-In-Foreclosure-Should-Not-Be-Done-Lightly&id=1100105 http://ezinearticles.com/?Filing-Personal-Bankruptcy-In-Foreclosure-Should-Not-Be-Done-Lightly&id=1100105 Filing for bankruptcy can be a hard decision for most people to make; however, the circumstances surrounding their situation make it impossible for them to see any other way out. There are many reasons that normal trustworthy people, much like you and me, decide that filing for bankruptcy is their only option. Fri, 11 Apr 2008 08:56:16 -0500 http://ezinearticles.com/?Top-Reasons-That-Drive-People-Into-Filing-Bankruptcy&id=1102574 http://ezinearticles.com/?Top-Reasons-That-Drive-People-Into-Filing-Bankruptcy&id=1102574 Declaring bankruptcy is a traumatic and difficult decision, but for many people it is a way forward. This article explains some of the more common aspects of bankruptcy such as bankrupt's allowable income, assets and tools of trade you can keep, and the regulations regarding vehicles and dependents. Tue, 08 Apr 2008 16:16:55 -0500 http://ezinearticles.com/?Life-After-Bankruptcy&id=1090845 http://ezinearticles.com/?Life-After-Bankruptcy&id=1090845 Bankruptcy is a concept that has become more and more widely utilized. This is largely due to the fact that people have become less and less knowledgeable about money and how to properly manage a budget. Tue, 08 Apr 2008 12:59:55 -0500 http://ezinearticles.com/?Finding-Bankruptcy-Help&id=1089562 http://ezinearticles.com/?Finding-Bankruptcy-Help&id=1089562 The United States bankruptcy laws were amended, in 2005. Many of the eligibility requirements have changed. If you are considering Chapter 7 bankruptcy, it is important that you know who is eligible to file and who isn't. Tue, 08 Apr 2008 08:07:07 -0500 http://ezinearticles.com/?Chapter-7-Bankruptcy-Who-is-Eligible-to-File&id=1092027 http://ezinearticles.com/?Chapter-7-Bankruptcy-Who-is-Eligible-to-File&id=1092027 Many individuals who are facing a financial crisis are under the impression that bankruptcy is the only answer. While bankruptcy might be the only solution in some cases, it certainly isn't the case at all of them. Tue, 08 Apr 2008 08:02:26 -0500 http://ezinearticles.com/?Avoiding-Bankruptcy&id=1091872 http://ezinearticles.com/?Avoiding-Bankruptcy&id=1091872 Bankruptcy should not be taken lightly and the services of a bankruptcy lawyer will be a positive move forward; this will be an extremely stressful time for many people as their whole life is about to change. Whilst filing for bankruptcy requires a little more work and preparation than it did before the changes in law, most of that work will fall on your attorney to complete. Most debtors will find that once this means-testing is over, most of the changes to the law end there, and they will be able to proceed with the application just as did before the changes were introduced. Mon, 07 Apr 2008 14:24:17 -0500 http://ezinearticles.com/?How-To-Get-Out-of-Debt-Fast-Without-Bankruptcy!&id=1085748 http://ezinearticles.com/?How-To-Get-Out-of-Debt-Fast-Without-Bankruptcy!&id=1085748 Getting back to enjoying the benefits of sensible use of credit facilities after bankruptcy takes patience and more than a little dedication to making your repayments reliably and regularly, over a period. This article explains and discusses the path you need to tread to rebuild credit after the trauma of bankruptcy. Fri, 04 Apr 2008 09:17:36 -0500 http://ezinearticles.com/?Rebuilding-Credit-After-Bankruptcy&id=1085761 http://ezinearticles.com/?Rebuilding-Credit-After-Bankruptcy&id=1085761 Bankruptcy should never be a first option for anyone looking at debt and credit problems, it should always be a last option. And even then you need to be completely certain that you are willing to take that last step and deal with the consequences that will follow. Thu, 03 Apr 2008 14:24:36 -0500 http://ezinearticles.com/?Personal-Bankruptcy&id=984764 http://ezinearticles.com/?Personal-Bankruptcy&id=984764 Deciding whether to declare personal bankruptcy is a difficult decision with a lot of things to take into account. Here are just three pros and three cons to help you decide whether the dreaded financial procedure is right for you. Fri, 28 Mar 2008 15:02:51 -0500 http://ezinearticles.com/?Personal-Bankruptcy-3-Pros-3-Cons&id=1071907 http://ezinearticles.com/?Personal-Bankruptcy-3-Pros-3-Cons&id=1071907 Struggling with your finances is one thing. We all get those credit card bills that we struggle to pay off each month or a mortgage repayment that goes out late every now and again. However, the level of debt you need to have to even consider personal bankruptcy is huge. Fri, 28 Mar 2008 15:02:03 -0500 http://ezinearticles.com/?Personal-Bankruptcy-When-to-Consider-it&id=1071871 http://ezinearticles.com/?Personal-Bankruptcy-When-to-Consider-it&id=1071871 Harvard Law is going to offer third year Law School Students some "free tuition" if they promise to work in the Public Sector (government) or for a non-profit for five years. The Law School now has an incredible endowment fund and the Dean is a little concerned with the percentage of students going into the non-profit or government sector. If you will recall Mr. Elliot Spitzer graduated from Harvard Law School and went to work for the government, became New York Attorney General and then Governor of New York. Thu, 20 Mar 2008 10:17:12 -0500 http://ezinearticles.com/?Personal-Non-Profit-Bankruptcy-Organizations-Might-Get-a-Boost-from-Harvard-Law-School&id=1055156 http://ezinearticles.com/?Personal-Non-Profit-Bankruptcy-Organizations-Might-Get-a-Boost-from-Harvard-Law-School&id=1055156 Bankruptcy can be an option to save a house in foreclosure. People that file for bankruptcy have more than likely not had to file before and will not have to file again. Many times you can go through bankruptcy and save the house, but the mortgage payments will still have to be made, and on time. Here are 3 tips for life after bankruptcy. Wed, 19 Mar 2008 15:31:52 -0500 http://ezinearticles.com/?3-Tips-for-Life-After-Bankruptcy&id=1053701 http://ezinearticles.com/?3-Tips-for-Life-After-Bankruptcy&id=1053701 Many people have been stuck with bad credit for a long time. For such people, bad credit home loans are a real blessing. This loan gives an opportunity for such people to also own a house. Fri, 14 Mar 2008 08:25:18 -0500 http://ezinearticles.com/?Best-Deals-For-Home-Loans&id=1045641 http://ezinearticles.com/?Best-Deals-For-Home-Loans&id=1045641 There are lots of ways to save money. Keep it simple, and keep it local! By focusing on what's around you in your local community, you could easily make savings on things you do every day. Wed, 12 Mar 2008 15:17:32 -0500 http://ezinearticles.com/?10-Local-Ways-to-Save-Pounds&id=1035473 http://ezinearticles.com/?10-Local-Ways-to-Save-Pounds&id=1035473 Obtaining bankruptcy credit card info is easy but getting good information is not all that easy. Most of the information that arrives in your mailbox is basically junk mail and should be treated as such. Do not be lured into any card offer without doing a good job of research. You must remember that most likely your recent financial crisis was related to the use or better yet the misuse of consumer credit. Whether it was VISA, American Express or MasterCard you probably abused them all. Tue, 11 Mar 2008 11:18:06 -0500 http://ezinearticles.com/?Beware-of-Bankruptcy-Credit-Card-Info-Scams&id=1032848 http://ezinearticles.com/?Beware-of-Bankruptcy-Credit-Card-Info-Scams&id=1032848 Copyright 2008 EzineArticles.com - All Rights Reserved.