Bankruptcy Statistics for 2010

The latest figures on personal bankruptcy filings in the U.S. have been released and it looks like 2010 will see the most bankruptcy cases since 2005, when the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) took effect. Bankruptcy cases filed in federal courts for fiscal year 2010, the 12-month period ending September 30, totaled […]

Top 10 Bankruptcy Myths

Filing for bankruptcy hurts your credit for 10 years. Not True.  Bankruptcy stays on your credit about 7 to 10 years.  Although the bankruptcy will stay on your credit, you can start rebuilding your credit once your bankruptcy is discharged.  Making current, full payments on debt is one way to start building your credit while […]