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Posts Tagged Legal

What Is Chapter 7 Bankruptcy ?

Feb 8

Posted by admin in Bankruptcy, Credit

You may be feeling the burden of the debt you face. You have bills that are piling up and can’t see the light at the end of the tunnel. One option worth exploring is filing for Chapter 7 bankrtupcy.

Almost 65% of personal bankruptcy filings are Chapter 7 making it the most common type of bankruptcy. It is important that you understand what Chapter 7 bankruptcy is. In addition, this article will answer three common questions people have about Chapter 7 bankruptcy.

Chapter 7 bankruptcy, also known as a straight bankruptcy, is a process where you sell your non-exempt property to help pay debts owed to creditors. It is a liquidation proceeding. Chapter 7 is a quick process that usually takes under 6 months to complete from the time an attorney helps you file. It is a provides the opportunity for a fresh start.

Here are a couple of common questions about Chapter 7 bankruptcy

1. Will creditors leave me alone after I file for Chapter 7 bankruptcy? Yes, by law they must cease all actions against a debtor once the bankruptcy is filed. After you file, you are putting yourself in position for a fresh start.

2. Will everyone I know find out I went bankrupt? Your bankruptcy filing is a matter of public record. That being said, there is not a strong likelihood that anyone is going to find out unless you tell them. There are so many bankruptcy filings that it isn’t something that typically is publicized.

3. What are some of the reasons that people need to file for bankruptcy? Usually individuals that are filing for bankruptcy are doing so because of unforeseen events. Things such as medical bills due to an accident or illness, losing a job, marital issues, etc. Bankruptcy can provide a fresh start after an unfortunate situation.

Chapter 7 bankruptcy is not something to take lightly. You will want to further educate yourself about your options and choices. A good step to take is to speak with a Chapter 7 bankruptcy attorney about your issue.

Bankruptcy can be a good way to get out of debt. Often times, it is far more effective than debt consolidation or debt settlement/forgiveness. Debt consolidation relies on hopes that creditors will join in. If you are searching for a Michigan bankruptcy chapter 7 attorney, get a free consultation with Michigan bankruptcy chapter 7 attorneys Ardelean and Dunne.

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Can\’t Stand The Heat

Aug 19

Posted by admin in Stocks Mutual Funds

It seems that every day I turn on the TV and find a Poker game. Texas No Limit seems to be all the rage these days. I love watching it. When I discuss this with others, their response is always the same, ?You should play.? Ah, but what they don?t know is I stay out of the kitchen. As far as risk to reward ratio. That?s a gamble I?m not willing to take. I prefer to invest my money. Sometimes I gamble in the stock market, but as long as I stay within my comfort zone (long term), I don?t mind.

Tolerable risk should be the goal of every investor. Know your limits! Here are my big three don?ts:

  1. Don?t invest more than 30% of your portfolio in risky ventures;

  2. Don?t let your broker/advisor talk you into an investment;

  3. Don?t gamble with money you?re not ready to loose.

    4. Here?s a poem I wrote about a real person.

    There once was a man from the North East Who thought he could tame the great beast Money in hand, he headed to Wall Street A Bull market it was, an IPO investment he couldn?t beat The morning bell rang and he started to buy?

    Drug store, MP3, Martha Stewart, and Be Free, Flashnet, Redhat, Eloan, and Goldman Sachs, Foundry Networks, Agilent, NextCard, and JNI corp, Goto, PCOrder, Free Markets, and Intertrust technologies, Ivillages, Keynote Systems, Radware, and Women, Kana, The Street, Internet Initiative, and Insweb, WWE, TicketMaster, CitySearch, and Ziff Davis.

    He felt so good, like a young man and spry The days rolled along and the market did swell Up 80% by the close of the bell.

    It was over the next few days that reality hit home The stocks started to plummet like the downfall of Rome A huge loss was incurred, sell everything without care Along with riding the bull you get tamed by the bear!

    This real man I?m speaking of has class action law suits against every one of these companies and the underwriters of the IPO. Here?s a link to the law firm, Lovell Stewart Halebian LLP http://www.lshllp.com/homejump.ihtml?page=classaction.ihtml that happens to be representing this man in all these cases. To this gentlemen I have 6 words?if you can?t stand the heat.

    About The Author

    Brian Weiss is owner operator of www.InvestmentRunner.com a specialty search engine with free investors software, spread sheets, investors dictionary, and financial weblog.

    admin@investmentrunner.com

    Writen By : Brian Weiss

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    How To Write A Sample Letter For Credit Repair

    Jun 14

    Posted by admin in Credit

    Repairing your credit is not an easy process, and one thing that might be necessary during the process is writing a sample letter for credit repair. There are several things that you must think about before you get started in the process. First, think about where you might be sending the sample letter. Keep in mind that there are several different kinds of places that might be able to help you out with your credit repair problems, so identifying which places need letters, and which places will need other forms of legal request documents is essential before you start the letter writing process. Once you have identified which places need a sample letter for credit repair to ensure that you can get your life back on track, you are ready to start the writing process itself. Keep in mind that the first letter you will probably write will be to a credit bureau itself. Your sample letter for credit repair to the credit bureau should go something like this.

    Dear [insert name of credit bureau here],

    I am lodging a formal complaint against your credit agency because you have allowed inaccurate information to appear on my credit report.

    I am quite concerned that you have put the recorded information below into my credit report, as it will seriously damage the credit rating I currently have with most lending institutions. I am sure that you are aware of the fact that the law states you may only use accurate credit information, and I\’m quite sure that choosing to place this information on my credit report was a simple oversight on your part or on the part of the offending creditor. However, due the mistake you included on my credit report, I was recently not given credit for [add incident here for which you didn\'t get credit that you deserved]. This was quite offensive, and it caused serious problems in my life.

    This is the information that needs to be taken off of my credit report as soon as you can get to it:

    [list the information necessary here]

    Please ensure that this information doesn\’t cause further problems in my credit life.

    Once you have completed your sample letter for credit repair, you are ready to tailor it to your needs and send it to the correct parties.

    Dean Iggo is the webmaster of ezcreditscore.net – Learn about the best credit repair services to quickly and easily restore your credit rating.

    Writen By : Dean Iggo

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    Life Insurance Settlements – Sale Of A Life Insurance Policy

    Jan 4

    Posted by admin in Loans, Structured Settlements

    Writen By : Paul Sherman

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