Bankruptcy Chapters

Stopping foreclosure proceedings on your home should be a top priority. A bankruptcy attorney can help you keep your home and avoid foreclosure. Owning your own home has always been part of the American dream. Sometimes unforeseen circumstances can lead you to fall behind on mortgage payments, including a medical crisis, loss of employment, divorce or death of a spouse or child. Consulting a qualified bankruptcy lawyer can be the first step to stop foreclosure of your home.

Bankruptcy laws were put into place to help consumers who may have gotten in over their head to restructure their debt and get back on their feet. No one wants to lose their home to foreclosure, sometimes events outside their control contribute to situations that lead them close to the edge of the foreclosure precipice. If you are experiencing financial difficulty, you should consider how bankruptcy protections could help you protect your home from foreclosure.

Filing a Chapter 7 bankruptcy temporarily stalls your lender’s right to foreclosure, until it gets permission to go forward with the foreclosure proceedings. It will likely be only a temporary fix to the problem. C

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Tags: Bankruptcy, Home Bankruptcy

Odysseas Papadimitriou is founder and chief executive officer of Evolution Finance, which is the parent company for Wallet Blog and Card Hub—an online marketplace for credit card offers.

‘Credit or Debit?’ You’re used to hearing this question when checking out at the grocery store, but have you ever stopped to think about what your choice means in terms of your financial security?

Using a credit or debit card makes you vulnerable to fraud, but 62 percent of purchases in 2009 made using electronic payment methods* suggests that this fact is not stopping consumers from using their cards. Cash may be safer in terms of fraud, but it is simply not a practical option for our day-to-day needs. So this begs the question, ‘credit or debit?’ when it comes to fraud protection.

Fortunately, the major credit and debit card networks (i.e. VISA and MasterCard) adhere to a strict 0 percent liability policy for victims of fraud. That means that whatever money is stolen from you via your debit or credit card will be returned to you in full. That does not mean, however, that you will have the same experience getting your money back with both your debit and credit card.

Your debit card, as we all know, is tied to your checking account. This is you

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Tags: Card, Card Protect

A new range of cash machines dispensing only £5 notes have been introduced across the UK to help people with their budget planning.

The move is being backed by the Bank of England and plans to get more £5 in circulation and let people withdraw smaller amounts, helping them plan their budgets and assist in debt management.

The scheme started as a pilot, dispensing £5 notes from two cash machines in London, one on Roman Road in the East End and one near Waterloo station but has now been rolled out nationwide and features 21 new machines in the network which will be in Martin McColl’s shops.

The managing director of Bank Machine, Ron Delnevo, said: “This is about real people on real budgets facing their own spending cuts. Whether you withdraw £50 or £5 at our machines it will all be in £5 notes. There is cast-iron proof that cash – and small denominations in particular – help people to budget, especially during these financially stretching times. With our ne

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Tags: Budget Planning, Cash Machines, Planning