Bank finance articles and tips

When it comes to the worst bankruptcy mistakes, you might think that they run the gamut from incorrectly filing your paperwork to concealing some of your assets. While the former can be redressed and the latter can bring about criminal charges, there are still some pretty heinous bankruptcy mistakes that could tear apart your finances - and your life - if you end up making them.

Car loans and bankruptcy can go together to create a win/win situation for you. If you have recently been through a bankruptcy and you lost your car in the bankruptcy, it is possible to get a loan even with your bad credit.

The most important thing to remember is that not all dealerships will be able to help those with bad credit. It will be necessary to seek a dealership or an auto consultant that offers special loans for those that have recently been through a bankruptcy.

There are many misconceptions about bankruptcy, one which relates to which debts are dischargeable and which are not. In general, there are some easy rules to help you remember, but there are also a few exceptions to the rule....

No matter what your reasons for declaring bankruptcy - whether you were surprised with a host of unexpected medical bills or you just weren't responsible with those credit cards - having your debts wiped clean means that you can start over again. Sure, bankruptcy may be a black mark on your credit score; but unlike what popular rumors about bankruptcy indicate, it's easy to rebuild your credit score in just a few years rather than a decade....

When filing bankruptcy, it's pretty common to have a married couple filed jointly. Many times, it's not in the best interest of the couple to file for bankruptcy jointly. That's why it's important to meet with a bankruptcy attorney when a couple is filing Chapter 7 bankruptcy. It is a dilemma that should be addressed on whether to file separately or jointly to best benefit the married couple. In a community property state all property that is acquired during the marriage and the debt that was incurred during the marriage belong to both spouses equally.

Just as no two people's financial situation is the same, no two bankruptcy cases are the same. In fact, filing for Chapter 7 or 13 can vary greatly between filer. Before deciding on which to file, there are a few considerations that go along with a Chapter 7 case.....