How Often Can You File Bankruptcy?

When filing bankruptcy many people wonder how many times they can file in their lifetime. The answer to this question totally depends on what chapter of bankruptcy the individual is filing. When it comes to Chapter 7 bankruptcy, otherwise known as a liquidation bankruptcy, the person will not be able to file another Chapter 7 for eight years. They are allowed to file Chapter 13 bankruptcy in four years though.

Debt - Why Budgeting is a Good Idea

Answering the following question should help you figure out whether you're doing fine with your finances and your budgeting, or whether you need a little more work to manage your personal finances:

What do you use your credit card or overdraft for?

1. A one-off purchase?
2. Emergencies only?
3. Day-to-day shopping?
4. Your groceries?
   

Debt Relief has changed over time

The basic idea behind Debt Relief isn’t new. Different forms of it have existed since the concept of debt was first created. In the past, you were likely to be limited to either giving up most of your material possessions or becoming an indentured servant to your creditor. Sadly enough, both of those means still exist in slightly different forms today. However, there is a new way to achieve freedom from your debt that doesn’t have to involve such drastic and catastrophic changes in your life. It’s called debt settlement.