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Faqs Bankruptcy Questions You Probably Have About Bankruptcy
Declaring personal bankruptcy is no laughing matter It’s a serious step that you will have to study carefully before making your decision, since filing Chapter 7 or Chapter 13 will affect your family’s finances for a long time to come That’s why this article will cover some frequently asked questions about bankruptcy . .How much does it cost to declare bankruptcy? . . .Well, at the time of this writing, the cost for Chapter 7 bankruptcy filing is $274, while Chapter 13 would cost you $189 Keep in mind this is only the court filing fee and does not include your legal fees . .Has the new bankruptcy law made it more difficult to declare bankruptcy? . .The new bankruptcy law passed in 2005 by Congress and signed by President George W Bush has made the process more complex However, contrary to popular misconception, bankruptcy is still available for many Americans who need help There are some changes such as mandatory credit counseling and having to go through something called a means test in order to determine your financial needs based on income and expenses This was supposed to keep people from abusing the bankruptcy process when they didn’t really need it . .Do you really need a lawyer to declare bankruptcy? . .Following up on the previous question regarding the new bankruptcy law, you have to understand the process has become more difficult You really need a good bankruptcy lawyer who has kept up with all the changes and can give you the best possible advice for your particular scenario Going it alone is really not a good option, and you should make sure that your attorney is paying attention to your needs and answering your particular questions Generic advice is not good enough . .There are many more questions that you probably have regarding bankruptcy, and you would do well to continue to research the process before visiting a lawyer This will help you become more informed so you can make better questions during your visit, and you may even save some money by not wasting time asking the most common questions Keep in mind that a lawyer charges by the hour, and saving money is a good idea if your situation is bad enough to consider bankruptcy .
Source: www.rsstnx.com

Debtor's Rights - Credit Report
A bad credit report can prevent you from obtaining credit. If you have trouble obtaining credit, it might be because a credit agency has issued a bad report on you. You might be able to obtain a copy of your report and -if it contains false information - get it corrected. Can I see my credit report? If you are denied credit, you are entitled to a free copy of the consumer credit report that formed the basis of the denial. The creditor is required to tell you the name of the credit reporting agency that prepared the report on you. You must request a copy of your credit report from the agency within sixty days of the denial. The three major credit reporting agencies are: Experian, (800) 301-7195 Equifax, (800) 525-6285 Trans Union, (800) 680-7289 When the creditor tells you the name of the reporting agency that furnished the report, call them to find out their address. Then write a letter to the agency requesting a copy of your report. Even if you have not been denied credit, it is probably a good idea to check your credit report for accuracy periodically. They often contain mistakes, and when you want to get a loan, you may not have time to correct them. Because you haven’t been denied credit, the report isn’t free. The credit reporting agency is allowed to charge you no more than $8.00 for a copy of your report. What information is in a credit report? In general, your credit report will contain information about your credit history during the last seven years. It will show: Whomyou have borrowed money from The amount of the debt Whether or not you made the promised payment on time and in full The identity of any creditor who has requested information about you If you file bankruptcy, the information remains on your credit report for ten years. What if my credit report is incorrect? You have a legal right to challenge the completeness and accuracy of any item in the report. Write a letter to the credit reporting agency explaining that some of the information in the report is incomplete or inaccurate. The agency must investigate your claim - without charge - within thirty days. The agency is required to delete any information that is inaccurate or whose accuracy cannot be verified. If the credit reporting agency’s investigation does not resolve the dispute, you have the right to send the agency a brief statement (generally 100 words or fewer) explaining your position. Your statement will become a part of your credit report and will be disclosed to creditors together with the other information in your file. If you believe a credit reporting agency has violated your rights, contact the Federal Trade Commission or see a lawyer who specializes in consumer rights. Henry Dahut. Please Visit Us at www.GotTrouble.com
Source: www.ArticlePros.com

Consumer Bankruptcy Lawyers Why You Need One
There are some people who love to do everything by themselves They hate to ask for directions on the highway, and they never read a manual in putting together some home equipment They’re the kind of people who don’t think they need help from anyone, even when declaring bankruptcy Do they really need a consumer bankruptcy lawyer? . .I think it’s admirable to try to do things by yourself, but there is of course a limit There are situations where you need someone’s help, whether that help comes from a friend or a professional advisor If you’re looking to declare bankruptcy, you obviously have some serious financial problems and need some outside help . . .After all, chances are you did not see the situation coming, and your choices were not effective in preventing financial turmoil I don’t mean to be harsh, and there may be other circumstances that people are simply not aware of Sometimes an outside force seems to wreak havoc in our financial life, and problems like medical emergencies or other issues may force us to declare bankruptcy even if we’d been keeping up with our bills each month . .In any case, you have now reached a point where you need help to solve your financial problems whether you like it or not In the case of bankruptcy, the situation is complex (especially with the recent changes in the bankruptcy code), and you truly need the assistance of a good bankruptcy attorney to help you through the process . .The consumer bankruptcy lawyer is best because you need someone with experience in bankruptcy law and not just general practice In addition, you want someone experienced in helping consumers file Chapter 7 and Chapter 13 bankruptcies instead of some sort of corporate lawyer who specializes in Chapter 11 (business restructuring) . .Even before you find a consumer bankruptcy lawyer, however, you should go ahead and do your homework before choosing bankruptcy Look at your other alternatives and see if you can find a better way to solve your problems Also, try to read other articles and find out the basic rules regarding bankruptcy so you can see how they would apply to your situation This kind of background is good and will help save time when you speak to your lawyer Of course, time is money, especially when speaking with a lawyer!.
Source: www.rsstnx.com