debt

A bankruptcy timeline

Debt Management 2006

Bad credit

 When your credit rating is in a deep hole it's tough to get a good foothold.
What happens before, during and after bankruptcy
 
3monthsTime to cut back
You've established that you're heading toward bankruptcy.
Avoid using credit cards as much as possible.
Make sure you don't charge for luxury goods or take out cash advances within three months of filing.
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Debt Adviser

Use pension to pay credit card?

Dear Debt Adviser, I have more than $30,000 in credit card debt, and I recently changed jobs. In addition to a large 401(k) (it is 22 years' worth of contributions) that I rolled over to my new employer, I have a lump-sum... Read more

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