Posts Tagged ‘debt help’
What You Need To Know About Bankruptcy
If you’re struggling with debts contact Debt Free Direct on 0800 298 8836.
If you are in serious debt, bankruptcy protects you from the people you owe money to and allows you to start afresh. However, bankruptcy is a serious matter with significant consequences and should only be considered as a last resort.
In bankruptcy a Trustee is appointed by the court to take control of any assets you have which the Trustee considers to be non essential. These assets will then be sold off and the money raised is used to pay the people you owe money to.
You will be entitled to keep your reasonable household effects and a modest vehicle if you can show the need. Examples of non essential assets which the Trustee may sell include expensive jewellery, expensive cars, shares and investments. If there is equity in your home it is highly likely that this will be realised. Unless you can raise money from, for example, family or friends it is likely to be sold.
Bankruptcy also imposes restrictions including removal of credit facilities, freezing of bank accounts and for certain professions you could run the risk of censure and, in some cases, lose your job.
On credit applications, lenders often ask for details of any previous bankruptcies, therefore after your period of bankruptcy ends you will also find it difficult to get credit or a mortgage. Some employers also take credit checks which may harm future employment prospects.
Depending on your circumstances, the current cost of going bankrupt is £600. The deposit of £450 towards the costs of administering your bankruptcy is payable in all cases, however the court fee of £150 may be waived by the court if for example you are on Income Support.
If you are a married couple and you are both applying for bankruptcy, you will each have to pay separate fees.
An IVA, Debt Management Plan, re-mortgage and consolidation loan are all alternative debt solutions and should be explored before entering into bankruptcy.
View Debt Free Direct’s ‘Alternatives to Bankruptcy’ video to learn more, http://www.youtube.com/watch?v=GKm0nFedNbw
Duration : 0:2:4
Debt Relief Tips: How to File Bankruptcy
Read about the types of Bankruptcy, find out how to file for Bankruptcy & learn Bankruptcy facts & information.
http://www.debit-free.us/ Register here to talk to someone about your unique credit/debt management problems. Proven, reliable, help.
Duration : 0:3:34
Freedom Debt Relief – KRON4 TV Interview with Brad Stroh
In this interview with KRON4 TV, Brad Stroh (co-CEO & Founder of Freedom Debt Relief) discusses the differences between various debt solution options. Topics covered in this interview include:
•How to reduce minimum monthly payments
•How credit card principles can be reduced through negotiated settlements
•The differences between credit counseling and debt settlement
•A case study of showing how Freedom Debt Relief’s program works.
KRON4-TVs Homepage: http://www.kron.com/
To see the Freedom Debt Relief client case study discussed in the interview: http://www.freedomdebtrelief.com/case-study-sue.php
For Freedom Debt Relief reviews: http://www.freedomdebtrelief.com/testimonials.php
Duration : 0:4:5
5 Tips to Attack Credit Card Debt
Tips to help consumers stay out of credit card debt. Eltman, Eltman and Cooper is the leader in the credit and collections bar since 1947. Visit us online at http://www.eltmanlaw.com, on MySpace at http://wwww.myspace.com/eltmaneltmancooper or on Facebook at http://www.facebook.com/profile.php?id=1400491744&v=info&viewas=1400491744#/profile.php?id=1400491744&ref=profile . Thanks!
Duration : 0:7:10
Option 4 for Taking Care of Credit Cards: Debt Negotiation and Settlement
This clip features what is know as Debt Negotiation and Settlement. It helps to educate a consumer on the correct way to use this program as well as the good, the bad, and the ugly. http://www.bulldozemydebt.com
Duration : 0:2:45
