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Image source: Getty Images. I practiced bankruptcy law for a decade and one of the biggest concerns potential new clients had was whether they would be able to get credit again after the ...
A credit builder loan is a product designed to help people re-establish credit after going through a significant event like bankruptcy. It lets you borrow a small amount of money and build credit ...
But if you've recently filed for Chapter 7 or Chapter 13 bankruptcy protection, it's important to realize that there is life after bankruptcy. And it doesn't have to be a life where you're treated ...
Since high-interest debt tends to eat away at most of your extra money, ... person will typically file for one of two types: Chapter 7 bankruptcy. ... helping people learn about money.
Unlike bankruptcy, an IVA does not statutorily restrict a debtor from obtaining credit, although the proposal may do so. In bankruptcy however one legally can obtain credit of up to £500 without disclosing one's status as a bankrupt. [2] After a bankrupt is discharged there is nothing in law to stop the discharged bankrupt gaining credit.
Even if you leave the money in the bank after it matures, the interest earned must be reported on your tax return. Your bank will typically send you a 1099-INT form for tax filing to report any ...
Personal bankruptcy is a legal process that allows people to discharge unpayable debts by liquidating assets to pay their creditors or by entering into a court-approved plan to repay them. Tips: 7...
How a financial planner can help you save extra money. When deciding where to put your extra money, consider seeking expert advice from a financial advisor, who can help you set up an overall ...
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