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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
 
B -day File bankruptcy!
 
The bankruptcy petition.
List of creditors.
List of assets and liabilities.
List of current income and current expenditures.
Certificate from credit counseling agency.
Certificate from attorney.
If employed, the debtor must provide to the court evidence showing 60 days of income from the employer -- for example, pay stubs.
For Chapter 7: The debtor must provide a statement of intention, which tells the court whether he or she will keep property that serves as collateral or surrender it to creditors.
For Chapter 13: A repayment plan from credit counseling must be filed at the time of the petition or within 15 days of filing.
 
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