Comments on: How does bankruptcy work/ what is it? http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/ Tue, 16 Mar 2010 14:02:13 -0700 http://wordpress.org/?v=2.8.5.2 hourly 1 By: jennifer http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8210 jennifer Sun, 22 Nov 2009 12:26:48 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8210 Hi, I used <a href="http://click.linksynergy.com/fs-bin/click?id=xV5rGCeaTNU&offerid=133712.10000005&type=3&subid=0" rel="nofollow">”Credit Solution”</a> to settle my debt and avoid bankruptcy. They managed to reduce my debt up to 58% and improve my credit score. It's legitimate . I came across this company on NBC News Special Edition. Check it out here: <a href="http://click.linksynergy.com/fs-bin/click?id=xV5rGCeaTNU&offerid=133712.10000005&type=3&subid=0" rel="nofollow">http://CreditSolution.com</a> Note:It's advisable to fill out the short form.Let them call you back.The line is always busy due to so many customers. Hi,
I used ”Credit Solution” to settle my debt and avoid bankruptcy. They managed to reduce my debt up to 58% and improve my credit score. It’s legitimate . I came across this company on NBC News Special Edition. Check it out here:
http://CreditSolution.com

Note:It’s advisable to fill out the short form.Let them call you back.The line is always busy due to so many customers.

]]> By: Robert http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8192 Robert Sat, 21 Nov 2009 16:02:47 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8192 First you go to a lawyer pay him his fee, then give him your bills, you will appear in bankrupcy court and they will discharge bills. you don't pay the creditors back. But bankrupcy appears on your credit report for 7 years. But that was the old law. new law i believe you have to do a payment plan through the courts. Hopw this answer helps. First you go to a lawyer pay him his fee, then give him your bills, you will appear in bankrupcy court and they will discharge bills. you don’t pay the creditors back. But bankrupcy appears on your credit report for 7 years. But that was the old law. new law i believe you have to do a payment plan through the courts. Hopw this answer helps.

]]> By: Mark H http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8193 Mark H Sat, 21 Nov 2009 16:02:47 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8193 When you file for bankruptcy, your debt of $15,000, if unsecured by a car, furniture, or anything else, is discharged by the bankruptcy. No one pays it, and not your bank. Yes, you are scott free. Usually takes two years to build up a decent credit score. It stays on your record for 10 years. Many people get up to 700 and more with the bankruptcy still showing. When you file for bankruptcy, your debt of $15,000, if unsecured by a car, furniture, or anything else, is discharged by the bankruptcy. No one pays it, and not your bank. Yes, you are scott free. Usually takes two years to build up a decent credit score. It stays on your record for 10 years. Many people get up to 700 and more with the bankruptcy still showing.

]]> By: Jhasd http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8194 Jhasd Sat, 21 Nov 2009 16:02:47 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8194 Clear all doubts visit the website http://creditcardpay.blogspot.com Clear all doubts visit the website http://creditcardpay.blogspot.com

]]> By: Bob http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8190 Bob Sat, 21 Nov 2009 16:02:47 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8190 I think you need a bankruptcy lawyer. I think you need a bankruptcy lawyer.

]]> By: herroruthere http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8191 herroruthere Sat, 21 Nov 2009 16:02:47 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8191 bankruptcy is complicated and this is high level explanation. You list your assets, debts and income, etc. in a court filing. a trustee is appointed to review the paperwork and then presented to a judge. if the judge agrees, then your creditors are notified who in turn write off any balances owed, which is referred to as discharged. almost any debt is then wiped clean and the bankruptcy will stay on your credit report for 7 years. student loan debt can't be written off. bankruptcy is complicated and this is high level explanation. You list your assets, debts and income, etc. in a court filing. a trustee is appointed to review the paperwork and then presented to a judge. if the judge agrees, then your creditors are notified who in turn write off any balances owed, which is referred to as discharged. almost any debt is then wiped clean and the bankruptcy will stay on your credit report for 7 years. student loan debt can’t be written off.

]]> By: lkg919 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8189 lkg919 Sat, 21 Nov 2009 16:02:46 +0000 http://bankruptcy.hirby.com/how-does-bankruptcy-work-what-is-it/#comment-8189 A bankruptcy will discharge (get rid off) all of your debt, whether secured or unsecured. You will have the option to keep your secured debt (anything with a lien on it) as long as you are current on payments at the time of filing the bankruptcy. After you have filed for bankruptcy and have gone to a quick meeting with the Bankruptcy Trustee and your attorney, you will receive a discharge of your debt in about 60 days. The Bankruptcy Court orders all of your creditors to discharge any money you owed to them, therefore, you will no longer owe the debt to them. Bankruptcy actually improves your credit score in about 12 months. It does this because you are wiping away all of your bad debt and starting over in a sense. You will be able to finance in the future, but the bankruptcy will show on your credit report and therefore may result in a higher interest rate in some cases. This information is for a Chapter 7 Bankruptcy, which i am assuming you would benefit from if you are $15,000 in debt. Your attorney will make the ultimate decision as to which Chapter you should file. Hope this helps :) A bankruptcy will discharge (get rid off) all of your debt, whether secured or unsecured. You will have the option to keep your secured debt (anything with a lien on it) as long as you are current on payments at the time of filing the bankruptcy.

After you have filed for bankruptcy and have gone to a quick meeting with the Bankruptcy Trustee and your attorney, you will receive a discharge of your debt in about 60 days. The Bankruptcy Court orders all of your creditors to discharge any money you owed to them, therefore, you will no longer owe the debt to them.

Bankruptcy actually improves your credit score in about 12 months. It does this because you are wiping away all of your bad debt and starting over in a sense. You will be able to finance in the future, but the bankruptcy will show on your credit report and therefore may result in a higher interest rate in some cases.

This information is for a Chapter 7 Bankruptcy, which i am assuming you would benefit from if you are $15,000 in debt. Your attorney will make the ultimate decision as to which Chapter you should file.

Hope this helps :)

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