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Debt Management Program Vs. Bankruptcy – Debt Relief Tips

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Is a debt management program, DMP the right choice for your financial situation?  Many people are planning to file bankruptcy in the hopes of just getting their debt wiped clean.  This has plenty of downfalls, of course, such as a 10-year black mark on your credit score, which will limit your access to new credit.  … Read more

Bankruptcy Abuse And Consumer Protection Act Of 2005

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In 2005, after nearly 25 years of neglect, broad changes were made to the US Bankruptcy Code in order to answer allegations by creditor organizations that the bankruptcy system was being abused and creating large losses in profit. As a result, new reforms were developed and passed that made filing for bankruptcy much harder, exempted … Read more