Press Release:
Bankruptcy is rarely expected to happen, so every credit card user should keep his credit secure. But… what should one do if the bankruptcy disaster happens to him? What should every one of us know about this?Bankruptcy legislation accepted by Bush in 2005, including Chapters 7 and 13 of the Bankruptcy Act has both positive and negative effects on consumers. For instance, some kinds of debt can be removed if you file for bankruptcy, but some cannot. In fact, nowadays going bankrupt is not as damaging as it had been before. According to the bankruptcy statutes, you should preferably file for Chapter 7 to get an opportunity to wipe out your debt. As a rule, a case with this chapter is opened and closed within up to 6 months. If the case is a success, you do not have to pay your debts, including mortgage, student loans, taxes or even the child support. You only have to prove your eligibility for the Chapter.
Chapter 13 is applicable for other cases. It enables you to make payments for the loans you had been late for: the counselor will provide you with repayment plan. Unlike Chapter 7, this chapter allows you to keep your property including cars, real estate etc.
All in all, bankruptcy damages your credit score and is really a misfortune if happens to a consumer, so try to keep to your payments and live within your means!
My opinion:
Whenever you decide to take action and get yourself a new credit card, even when you have bad credit problems or when you are near to face bankruptcy, what happens is that you just keep wondering which are the best services for you and you end up not knowing where you should start from when it comes to the time in which you plan to get that new credit card!
Keeping this in mind, I would really like to advise you to read some very interesting and resourceful articles about best free credit report and score, as well as many other credit card related topics such as credit fraud, loans, etc. Personally, I think that the information that you will be able to get on the website above is pretty important and it will surely work as a guide for you when you decide to select one of the credit cards available and which even include african credit cards and bad credit cards, making sure that all your needs are covered by the articles and that you are given complete advice about all of them and which you should choose and why.
So, what are you waiting for? Visit the website above and start to collect some precious information about credit cards and how they will certainly play a very important role in your financial stability future, as well as your personal satisfaction as a consumer who is not afraid of bankruptcy and who has all the economical conditions to have a great life!
Best regards
