Amazines Free Article Archive - Wednesday, October 21, 2020
Read about the most recent changes and happenings at
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Subscriptions Manage Ezines
 Article Archive
 Advertising (133418)
 Advice (161141)
 Affiliate Programs (34751)
 Art and Culture (73737)
 Automotive (145653)
 Blogs (75199)
 Boating (9843)
 Books (17221)
 Buddhism (4128)
 Business (1328952)
 Business News (426365)
 Business Opportunities (366330)
 Camping (10967)
 Career (72752)
 Christianity (15847)
 Collecting (11638)
 Communication (115068)
 Computers (241945)
 Construction (38923)
 Consumer (49684)
 Cooking (17066)
 Copywriting (6636)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20417)
 Dating (45881)
 EBooks (19691)
 E-Commerce (48222)
 Education (185288)
 Electronics (83503)
 Email (6407)
 Entertainment (159838)
 Environment (28929)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110922)
 Fashion & Cosmetics (196423)
 Female Entrepreneurs (11845)
 Feng Shui (131)
 Finance & Investment (310448)
 Fitness (106330)
 Food & Beverages (62910)
 Free Web Resources (7939)
 Gambling (30221)
 Gardening (25144)
 Government (10530)
 Health (629692)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91574)
 Home Improvement (251119)
 Home Repair (46168)
 Humor (4834)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29581)
 International Property (3485)
 Internet (191001)
 Internet Marketing (146452)
 Investment (22837)
 Islam (1167)
 Judaism (1356)
 Law (80475)
 Link Popularity (4595)
 Manufacturing (20853)
 Marketing (98965)
 MLM (14136)
 Motivation (18218)
 Music (27013)
 New to the Internet (9495)
 Non-Profit Organizations (4048)
 Online Shopping (129631)
 Organizing (7803)
 Party Ideas (11852)
 Pets (38068)
 Poetry (2234)
 Press Release (12682)
 Public Speaking (5635)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95385)
 Relationships (87666)
 Research (16165)
 Sales (80334)
 Science & Technology (110255)
 Search Engines (23486)
 Self Improvement (153216)
 Seniors (6235)
 Sexuality (35947)
 Small Business (49293)
 Software (83013)
 Spiritual (23474)
 Sports (116100)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307828)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11739)
 Website Design (56837)
 Website Promotion (36586)
 World News (1000+)
 Writing (35788)
Author Spotlight

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more

I love to research products and write reviews only high-quality useful products. ...more

Writing is my passion, Social media marketing is my love. I have written many articles on various ni...more

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more

I am the Founder Director of, India’s First Financial Helpline and am an expert on Per...more

Personal Bankruptcy Can Offer Relief for Those With Serious Problems by Jon Arnold

Article Author Biography
Personal Bankruptcy Can Offer Relief for Those With Serious Problems by
Article Posted: 08/30/2008
Article Views: 199
Articles Written: 781
Word Count: 639
Article Votes: 0
AddThis Social Bookmark Button

Personal Bankruptcy Can Offer Relief for Those With Serious Problems

Finance & Investment
If you've run up your debt to a point where you feel you can't get out, personal bankruptcy may be the way for you to get some relief. However, the decision to file bankruptcy is not a light one, and you should give some serious consideration to this before you contact an attorney. It will affect your ability to obtain credit in the future, and may keep your credit frozen for some time. It is important that you do not file bankruptcy unless you have exhausted all other options. If your debt is not too excessive and you have the means to pay it off, start with a credit counselor to see if you might qualify for some other program. If you are planning on buying a new home or vehicle in the near future, you do not want to go this route because even if you do get approved for the loan, the interest rate will be sky high.

Bankruptcy is a legal process that works one of two ways. You can either have all your debt wiped out and start all over again, or you can have an opportunity to pay your debts off in three to five years without worry of being harassed by bill collectors. Personal bankruptcy simply means that you are doing this for your own credit rather than that of a business.

The two major types of personal bankruptcy are Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, you ask the court to wipe away, or discharge, your debts. In exchange, you give up certain property to be sold and used to pay your creditors. This is the most popular type of bankruptcy, and it is the one most people file. However, this type is becoming much harder to obtain, especially in certain states since bankruptcy law has some variations from state to state, and you must file in the state in which you reside.

When you file Chapter 7, it does not apply to secured loans such as your car or mortgage, and if you are behind, you usually must pay them off immediately. This means with this type of bankruptcy you have a much better chance of losing your property or car.

With Chapter 13, you file a plan on how you will pay back some of your debt. Certain debts have priority, and usually you must use all your extra income in payments. But this can help you keep your car or home if you have fallen behind on your payments. If you don't file personal bankruptcy, the creditors have many avenues to try to reclaim their debt, including ones that may leave you without any money at all. These are a few of the things that can happen:

* Repossession of property or vehicles.

* Liens.

* Garnishment of your paycheck.

* Attachments to your bank account.

* Freezing your assets.

* Turning off utilities.

* Eviction.

In other words, the avenue of doing NOTHING if you are facing severe financial problems is a worse route to go than filing bankruptcy, since any or all of the above can occur.

By filing personal bankruptcy, you will avoid these hassles. And in many cases you can begin to reestablish your credit right away. If your debt is wiped out, you may appear to be less of a risk when applying for credit. Many people reestablish their credit and are able to qualify for a FHA or VA mortgage within two years of filing Chapter 7. Filing personal bankruptcy is nothing to be ashamed of. It may be your best bet. For more insights and additional information about the aspects of filing Personal Bankruptcy as well as getting a free bankruptcy evaluation from a qualified bankruptcy lawyer in your area, please visit our web site at

Related Articles - personal bankruptcy, filing for bankruptcy, declaring bankruptcy, bankruptcy law,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.


Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
Please enter the code in the image:

 Author Login 
Register for Author Account


Advertiser Login


   Limited Time $60 Offer!
   90  Days-1.5 Million Views  


Great Paranormal Romance


Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more

Stevert Mckenzie, Travel Enthusiast. ...more

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from under the GNU FDL license