Investing in Stocks: A Beginner’s Guide to Equity Markets
Investing in stocks can be an exciting and rewarding way to grow wealth. However, for beginners, the equity markets can seem complex and intimidating. Understanding the basics of stock investing is essential to make informed decisions and navigate the world of stocks....
Obtaining a Mortgage After Bankruptcy
Qualifying for a mortgage loan with a traditional lender can be difficult, but an FHA (Federal Housing Authority) loan is easier to get than other mortgages. Most mortgage lenders require a waiting period after the bankruptcy filing to apply for a loan. There is no waiting period for Chapter 13 bankruptcy and a two-year waiting period for a Chapter 7 bankruptcy with an FHA loan. FHA loans also have fewer credit requirements.
The Benefits of Bankruptcy
Whether or not bankruptcy will work for someone varies on the individual and their needs. First of all, it’s essential to determine the type of bankruptcy filing someone is eligible for. This depends on how much debt you have, whether you own a home and other factors. Some folks worry about the kind of impact bankruptcy could have on their credit report or future access to loans or credit lines. Filing bankruptcy may also prevent someone from getting low interest rates in the future. For those filing for Chapter 7, their assets may be on the line as the case is worked out.
Networking for Bankruptcy Attorneys: Tips and Tricks
Attorneys want their bankruptcy firms to grow. Networking can give attorneys unique tools to grow their businesses, improve their abilities as attorneys, and even partner with mentors or those who need to be mentored. Most networking happens at conventions or other...
The Process of Filing Bankruptcy
Bankruptcy involves more than paying a filing fee and listing creditors. It’s paperwork-intensive, quite complicated and should involve you consulting with a bankruptcy attorney. The Process of Filing Bankruptcy Before beginning the bankruptcy process, here is what to...
Red Flags That May Indicate an Upcoming Bankruptcy
To start, what is bankruptcy? Bankruptcy is a legal process that a debtor has entered into to solve their financial problems. In the United States, bankruptcy has become one of the most popular alternatives for resolving debt issues. Because of this, many consumers...
Bankruptcy Alternatives Amidst the Pandemic
The pandemic has affected almost everyone financially in some way. Many people do not have friends they can borrow money from seeing as most of the people they know are also experiencing financial turmoil. The government has tried to alleviate the problem by offering...
How to Budget After Filing for Bankruptcy
When you file for bankruptcy, you are in for a long journey to rebuild your finances and financial stability. But once you have survived your bankruptcy, it’s important to put specific measures in place to get your financial situation back on track. How do you rebuild...
How to Come Back From Bankruptcy
Filing for bankruptcy is never a good feeling or an easy thing to do. The prospect of trying to restore your financial stability and your credit can often become overwhelming. For those who have gotten to the other side of the bankruptcy tunnel, it can often come with...
Important Bankruptcy Terms to Know
Filing bankruptcy is often stressful and confusing. You have to know which bankruptcy chapter to file, then deal with the legal proceedings that follow. It doesn’t have to all be bad, however—make things easier by learning some of the legal terms you’ll hear during...