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Debt Management 2006

Bad credit

  When your credit rating is in a deep hole it's tough to get a good foothold.
A bankruptcy timeline
What happens before, during and after bankruptcy
Bankruptcy Timeline
Warning! Bankruptcy approaching Alert! Bankruptcy dead ahead Cut back Prepare Seek counseling Seek an attorney File bankruptcy Personal financial course Finance a vehicle 341 meeting Chapter 7: Discharge FHA-insured mortgage Unsecured credit card Purchase home FHA-insured mortgage Chapter 13: Discharge Drops off credit report Drops off credit report
 
2 weeks Prepare
 
A list of assets, debts and lawsuits.
Addresses and account numbers for all your bills and collection agencies (include payment coupons for vehicles, real estate and student loans).
Names and addresses of all the people to whom you owe money.
Paperwork showing anything anyone may owe you.
Bank statements from the past three months.
Pay stubs or unemployment checks from the last six months.
Canceled checks, especially those to creditors.
A divorce decree.
Court order for child support or alimony.
Correspondence with creditors.
Tax returns from the past three years.
Titles for vehicles.
Lease or mortgage paperwork.
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