What is a Debt Management Plan?

If you are having trouble keeping up with your debts, an alternative to filing for bankruptcy is a debt management plan. In this arrangement, you make payments to a credit counseling agency which then pays creditors on your behalf according to a…

Five Common Bankruptcy Myths

For those who are facing insurmountable debts, filing for Chapter 7 or Chapter 13 bankruptcy may be the only option. However, there are many misconceptions about the process. Let’s take a look at five common bankruptcy myths. You Will Lose Everything Many…

What is Pre-bankruptcy Credit Counseling?

Today, individuals who are seeking relief under Chapter 7 or Chapter 13 of the Bankruptcy Code are required to complete credit counseling with an agency approved by the U.S. Trustee’s office. The purpose of pre-bankruptcy credit counseling is to determine if the…

Enrongate or Dead End Run?

Seems the more I read the less Enron is political. Obviously Mr. Gephardt is reading something other than the normal media reports since Tuesday night he flatly stated; “If the Nation’s largest bankruptcy coupled with a clear example of paid political influence…