2016 Sep 06 By admin 0 comment

Many solutions exist to eliminate debts. Among such solutions is personal bankruptcy. There are six types of bankruptcy, and one is chapter 7 bankruptcy. People use this strategy if they are not able to solve their debts through other debt consolidation strategies. Unlike chapter 13 bankruptcy, it does not have a repayment plan. How will an individual pay his or her debts if there is no payment plan? Chapter 7 works by selling the assets which are not protected by the law. These assets are sold to pay the debts. It may not be the best solution, but it is…

2016 May 29 By admin 0 comment

Are your credit card debts giving you sleepless nights? Have they mounted up to alarming proportions? In these very difficult economic times, even people who have never missed a credit card payment in their lives are suddenly waking up to find that they are in financial trouble; in fact, they are in debt way over their head. Credit card debt is so easy to accumulate. The companies know just which hot buttons to press as they encourage you to live beyond your means. OK, perhaps you’ve been a bit dumb and went out on a limb with your borrowing, thinking…