Monthly Archives: February 2013

Low Income Low Assets (LILA)

Low Income Low Assets, in short known as LILA is a solution for people struggling with bankruptcy. If you are having a low income and only few assets to help you with the repayment, then LILA is able to come out with a solution for you. Let’s see, what this Low Income Low Assets can… Read more »

Can I Keep My House During Bankruptcy?

Although there are various costs associated with filing for bankruptcy, the biggest concern for many is whether or not they will lose their house. While losing your home depends entirely on the circumstances of the bankruptcy there are a number of things you must consider in order to best determine whether or not you will… Read more »

Can Bankruptcy Improve My Credit Rating ?

When you file for bankruptcy, information on your bankruptcy stays on file for up to six years. On top of that, bankruptcy restrictions can apply to you for upwards of fifteen years. When credit lenders see these marks on your record, you will be marked down on your credit score. The reason this happens is… Read more »

Bust The Myths Before You Take The Bankruptcy Ride

If you look at recent reports, then a remarkably alarming trend of the rising number of bankruptcy cases come to light. There has been a constant rise in the number of bankruptcy filings since the 1990s itself. In fact, a recent study shows that approximately 130,000 people are filing for bankruptcy every year in the… Read more »