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Repossession Laws for Texas Car Loans

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The worst thing a person in danger of having their car repossessed can do is fail to communicate with the lienholder, according to Edna Hild, veteran used-car dealer of 38 years and owner of Texas Auto Mart in San Antonio, Texas. Most dealers and bankers are willing to work with you, Hild adds, bec

How to Recover From Bankruptcy

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Bankruptcy is not desirable, but in case you have to file for bankruptcy, you also have to put efforts to make bankruptcy a history. Recovery from bankruptcy is not child's play but a serious and strenuous venture. Any avenue of redemption form bankruptcy involves high rate of interest to be pa

Can You Hide Your Car If it Is Going to Be Repossessed?

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The phrase "you can run but you can't hide," meaning that you can try to escape from your problems but eventually they'll catch up with you, applies to hiding a car about to be repossessed. Eventually, the repo man is going to find your car. Repo men use every trick in the book, including staking ou

The Pros and Cons of Bankruptcy

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There are many questions regarding bankruptcy. This article will provide you with a brief summary of the pros and cons of bankruptcy.

Bankruptcy Today - Does Not Mean That You 'Failed

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It is important to know that the stigma that went along with filing for bankruptcy in the past just is not the same today. In the past, individuals with good credit could assume, and rightfully so, that they could always qualify financially to obtain a mortgage or to refinance. Today, that same indi

Considering Going Bankrupt? The Consequences and Alternatives Explained

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If you are considering going bankrupt, then you are obviously in a very serious debt situation. Bankruptcy may not be the best solution for you, so it is very important to consider the alternatives and get qualified debt advice.What are the Consequences of Going BankruptIn the UK, the consequences f

What Happens If I Can't Make My House Payments in Chapter 13 Bankruptcy?

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Retaining a house in Chapter 13 bankruptcy requires continually making the mortgage payments during the repayment plan. Homeowners who have fallen behind on their mortgage file for Chapter 13 bankruptcy because they can pay back the delinquency over a three to five year period. During the bankruptcy

How to Avoid Paid But Not in Full

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Collection accounts and old debts don't disappear. Even if a creditor stops collection attempts, these delinquent accounts stay on your credit report for seven years. But you can resolve these debts sooner and clean up your report. If you can't afford to pay a debt in full, you can negotiate a debt

Important Changes in the Chapter 7 Bankruptcy Laws

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Could declaring personal bankruptcy be the answer to your financial problems? well, it's possible, but you need to be aware of some of the recent changes in the Chapter 7 bankruptcy code.It's important that you ask a lawyer to explain these changes carefully so you can understand how they

Chapter 7 Bankruptcy Procedure

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Chapter 7 bankruptcy law is also known as liquidation. It allows the debtor to pay off debts by selling his assets and dividing the proceeds among his creditors. A special court officer known as a trustee is appointed. In the states of North Carolina and Alabama, he/she is known as the bankruptcy ad

Can a Debt Collector Freeze Your Bank Account in South Carolina?

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If you fall behind on a debt, your creditor can pursue a claim against you in civil court. If the creditor wins a judgment against you, the next step is to pursue garnishment of your wages or seize your assets. The state of South Carolina is one of four states that does not permit wage garnishment.

Bankruptcy Counseling

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Being declared bankrupt or finally realizing that you can no longer pay your creditors can be quite frustrating. In fact, most people get so stressed up and eventually withdraw into their own cocoons. Fear engulfs them, especially when they imagine that they may lose their valuable possessions like

Avoiding Bankruptcy

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No matter what your current financial situation you are currently in, it is important for everyone to understand how to avoid bankruptcy and make financially smart decisions to keep your good credit and maintain a sense of financial stability for the long term. Bankruptcy can have long term and harm

What Is a Restructure of Unsecured Debt?

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If you have an excessive amount of unsecured debt you may want to restructure the debt. Unsecured debts are loans and credit accounts that do not have collateral pledged as security for the loan. Restructuring is done, usually, to obtain more favorable terms and conditions.

3 Ways to Reestablish Credit After Bankruptcy

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Once you've discharged your debts you have to do some work to get an acceptable credit rating again. The important thing is to make some kind of plan, with a thought out budget, and reestablish credit after bankruptcy.

File Bankruptcy Again

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Each of us had a point in our life where we had struggled financially.Some of us had found ways to turn that situation around.Others simply had no other choice but to file bankruptcy.Still few of us found out that bankruptcy is not an end solution and we still find ourselves with new debts and a loo