We’ve all had them and they all arrive at the seeminly worst time of the day. Telemarketers giving us a “Courtesy” call to invite us to an exclusive group or offer of that days choosing. Well, I suggest the following.,

Remember that these folks are just like you and I. Working stiffs just trying to make a buck. I suggest this approach. Take a breath, let them finish the long introductory sentence and then simply say No Thank you and I wish you better luck on the next call. OR I appreciate your call and would really like it if you please remove me from your call list or please transfer me to a supervior that will do as I request. Good luck from here. Most Telemarketers will drop the rhetoric and do as you suggest. If not suggest that this is not a good time and ask for a contact number to which you will call back. Not too many such numbers exist.

Please remember to be kind, professional and mindfull of the person at the other end of the line.

In order to bring your debts and expenses into order we suggest speaking with a credit counselor and or arranging a meeting with a Debt Management Specialist. There are many to choose from, the rule of thumb I suggest is if an outfit is big enough to advertise Nationally on TV then perhaps they are reputable and safe to deal with. Most people will investigate the rules of Bankruptcy in America and then find out their situation can be easilly fixed at the Debt Management level.

The TV is flooded with fossilized celebrities coming out of the Jurasic ages advertising Reverse Mortgages. Robert Wagner, James Garner and Pat Boone for crying out loud. Well folks be carefull. I have written in the past about the last bastion of security. Your Home; being used as security agains Home Equity Loans, Second Mortgages etc. Reverse Mortgages basically is a loan against your home that allows you to consolidate debts into one payment. Good idea only the fees and home value is predicated by a market driven by despiration. By all means look into the process and if you wish further information please let me know and the Bankruptcy.com team will help out.

If used extremely prudently and with extreme guidence Balance Transfers to Cards that offer interest holidays can be a very unique and effective means to consolidate unsecured debts. I some what hesitantly make this statement but will fully explain this if a reader to bankruptcy america.com wishes it. Awe common, some one ask me a question.

Your responsibility is as a co signer as you will be, EVERYTHING. to do with the repayment, servicing and cost of borrowing for the loan IF your child defaults on the loan agreement. Co signers are in a very vulnerable position and it is the writers opinion that you think long and hard about the responsibility and integrety of your child prior to making the commitment to support the loan.

Tax Liens in most cases survive your bankruptcy as in the case of Chapter 7, The lien amount is usually determined if there is a value usable to sustain the lien. A value to assets is the best bet to better prepare you for the lien amount and severity. In Chapter 13 the lien is paid out over the period of time of the 13 length.

This is a question best suited for our Bankruptcy attorney. The answer to your question is forthcoming… Stand by.

how can you get atax lien off your personal property after you have been discharged from bankruptcy

Chapter 13 Bankruptcy can usually run up to 60 months. Longer by court intervention and individual need.

what are the maximum number of months that a chapter 13 can run?

Ok, I know its allot of words in small print. Too time consuming to worry about. Its ok I trust my sales person I dont need to read. I don’t understand it anyway so why worry?. Well Worry!. The average consumer in our “Instant gratification” society would agree.. Until something goes just slightly of the tracks. I miss a payment and the interest rate quadruples. My account is frozen just when I need it the worst. etc. “They can’t do that!. yup they can.
Its all in the magic print 18 paragraphs down middle of the page. You see it? It’s there…

When you sign on the line for recieving your credit card, lease, purchase agreement or chattel mortgage, you have signed that you fully understand agree to and will abide by all of the terms and conditions mentioned in the agreement. Whether you read it or not you signed you did… So

Read them, understand them and if you can not understand them go home, take a copy of the document home get an interpreter, uncle Harry or whom ever and get to know all of the little details. The sale will wait, and so will the sales person. After all who are you ultimately buying your goods for? Them or you?

Credit Card Balance transfers can be used to reduce or sometimes eliminate interest payments on balances for a period of time. This “Holiday” can be used in some cases to allow you to completely pay off balances using the Credit Card companies money. Too good to be true? Not really. Too many American consumers do not realize that Bankrruptcy can be averted with a unique plan whereby the credit card companies supplier a line of credit to you and you never actually use the card to increase debt only the Credit line to decrease your existing debt. Interested in seeing how this works, please ask for more information on our www.bankruptcy-america.com blog questions?

what\’s the difference ?

how long does it show on credit report ?

In a Bankruptcy in America Wage Earners (Chapter 13) will allow you to pay a portion of your debts off over a period of time and usually keep you home and other assets ( You must be employed with a regular income hence the term wage earners).

A Bankruptcy (Chapter 7) will usually cause you to have all of your debts discharged and you will likely loose your home and other assets. If you find you are totally disabled, laid off or sometimes self employed.

The difference between the wage earners (Chapter 13) and the bankrutpcy (Chapter 7) impact on the credit report is 3 years in total. Chapter 13 is a 7 year reporting limit and the Chapter 7 is a 10 year reporting limit. The chapter 13 is always the best option when available because you can start rebuilding your credit after the term of your settlement is up. Bankrutpcy in America has been effected by newly revised laws in the fall of 2005. Please ask more indepth questions and if you have any concerns use the Bankruptcy America online assessment.