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Posts Tagged ‘law’

Despite what you may have heard bad credit personal loans after bankruptcy are available from some companies. Sometimes in fact some companies will offer them as little as 30 days after the bankruptcy discharge.

You see companies are willing to do this knowing that a person cannot claim bankruptcy for a minimum of seven years following the bankruptcy discharge.

This opens a new market where some lenders will take a chance of people with a bad credit rating knowing they have legal recourse to recoup the amount of the loan.

Although most traditional lenders simply will not grant bad credit personal loans after bankruptcy there are numerous lenders that fight over the market.

When do you think about a bankruptcy database? The one that is used by the federal courts is known as PACER which can be accessed through the Internet only after paying a fee for such access. This database is especially important to attorneys since they need it to file their client’s bankruptcy cases online.

It is also important because when there is greater number of filings, courts allows attorneys to use online means for filing for bankruptcy on behalf of their clients.

The Pacer database cannot be accessed by the general public. Anyone seeking to access information held within it must first go through their attorney.

We all know people who claim to be legal experts but have no formal training. If such a person has told you that you should run up your credit cards before you file for bankruptcy because all your debt will be discharged anyway, please disregard their advice. If the Bankruptcy Court senses that you are acting in bad faith and taking advantage of the system then they will dismiss your claim. Therefore, to get the Bankruptcy Court to stay on your side and give you the benefit of the doubt, you need to make sure you have not used your credits cards within 90 days prior to filing for bankruptcy.

Seriously in the market for a new home. In many real estate markets dwelling, land and property prices are in a slump. Its a good time for dealing on the real estate market . Its seriously a buyer’s market. But that is only if you prepare ahead of time – not only for the home you ultimately long for – but also that you have mortgage financing pre arranged ahead of final or even tentative negotiations and all the challenges involved.

Where can you get debt consolidation information? It’s really not that difficult to find; and the debt consolidation information is usually available free in some places! If you have a bad credit report, then you can get debt consolidation information by reviewing the free do-it-yourself kits at the local libraries. Debtors can go to the public library and find debt self-help books that will lead you from beginning to end through the steps of paying off or consolidating your debts all the way to credit repair.

Most libraries will let you photocopy or print the forms inside the guides. This means that you can simply fill in the lines and send the forms to the right sources. By doing this, you will soon be on your way to debt relief. This is probably one of the easiest sources of debt consolidation knowledge.

Your House Has Been Auctioned And You Dont Know It

Freeze Foreclosure. In todays tough economic times, more and more people are facing this intimidating, confusing and often scary prospect. Like any issue that threatens the well-being of ourselves or our families, foreclosure can cause a lot of different reactions in the people who face it. One of the all-too-common reactions of many owners today is to simply ignore the warnings of foreclosure, destroying letters or hiding them from their spouse, hoping that something will turn up to prevent the process from going through.

Tennessee is a non-judicial foreclosure state. This means that your house may be foreclosed on without the lender having to go to court. Generally you will receive notice via mail 20 days or more before the scheduled sale date. The sale is performed by a trustee, not the lender.

If you file a Chapter 13 bankruptcy at any time before your house is actually sold at auction then the sale is stopped. The sale is stopped because of the operation of the automatic stay, which goes into effect after filing bankruptcy. Once you file a bankruptcy the automatic stay stops most creditor actions, including foreclosure sales. Therefore, a foreclosure sale is stopped or it has no legal effect.