Bankruptcy Law

A debt consolidation loan is a kind of loan wherein you can combine two different loans and make singe payments for the same. Having bigger EMI’s can be a tough thing to meet up with every month. Sometimes the installments get so huge that it can cause you to run to a  bankruptcy attorney Los Angeles  for filing bankruptcy. But getting a debt consolidation loan can save you from the jiffies of paying different EMI’s. You can get a bit of relief from paying off different loans every month when you can sum up all of them into one. In such a case, one can expect a decline in the monthly installments, which may save an individual from going bankrupt. It can provide you the ease and comfort by paying a single loan to your debtor rather than running helter and skelter for several payments. So here is how you can qualify for a debt consolidation loan : Income factor While giving off a loan, the creditor will always wish to now your earning capability. They may ...

Follow my blog with Bloglovin Securing a loan is tricky but maintaining a healthy credit report after getting it can be trickier. Oftentimes, a borrower takes a loan from a lender when they need to arrange for a large amount of money in a quick time. They pay a certain part of the principal along with the interest on it every month until they pay off the borrowed amount of money.  If a borrower fails to honor the agreement for one to two months, a fine is imposed on them for the duration. Usually, it adds up to the payment for the third month. What happens when they fail to honor it for more than three consecutive months? It leads to a double whammy on the part of a borrower: serious debt with legal consequences. The only ray of hope for a borrower to escape from such a daisy situation is to file a Chapter 7 bankruptcy or Chapter 13 bankruptcy on time. Here’s how both differ from one another.  Chapter 7 bankruptcy vs. Chapter 13 bankruptcy laws   Chapter 7...