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A study published in the American Bankruptcy Institute Law Review found that the cost of filing for personal bankruptcy has gone up since the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, as discussed in a recent article in the Wall Street Journal.

Here’s a look at some highlights from the study and what they might mean for you, other bankruptcy filers and the nation’s bankruptcy system.

• More expensive to file: One of the changes made by BAPCPA was that the fees required to simply file bankruptcy paperwork increased. This means that, on the most basic level, filing for bankruptcy got more expensive for struggling consumers. But

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| Tags: Bankruptcy, Bankruptcy Costlier
Posted August 31, 2010 by Amelie Hampton under Bankruptcy Articles

Credit Q&A: “How often to check your credit report?”

Credit reporting seems to be all the rage these days, now that a ton of companies have realized how profitable the fear of the unknown can be.

Now don’t get me wrong – staying on top of your credit history is extremely important, especially when it comes time to apply for a credit card or a loan.

But it may have been blown out of proportion just a bit in recent years.

There are a ton of services out there nowadays to keep track of your credit, such as credit monitoring, which tracks it continuously, and free credit reports, which allow you to access your credit report for free for a week or so, before converting into full blown credit monitoring programs.

See credit monitoring vs free credit reports for more on that.

Choosing which is right for you will depend on your unique situation. As I me

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| Tags: Credit Report, Report
Posted August 30, 2010 by Brayden Laura under Credit Report

Introduction

On August 20, 2010, Petroflow Energy Ltd. (“Petroflow”), filed a petition for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  Months prior to Petroflow’s filing for bankruptcy, the company’s subsidiaries, North American Petroleum Corporation USA and Prize Petroleum LLC, filed petitions for bankruptcy in Delaware.  After Petroflow filed for bankruptcy in August, it filed a motion with the Bankruptcy Court seeking to have the orders entered in the “First Filed Debtors’ Cases” (i.e. Nort

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| Tags: Bankruptcy Court, Court
Posted August 27, 2010 by Brayden Laura under Credit Report

Most credit scores today are based on a loan. People with high credit scores, which, 680 are entitled to priority over interest rates and maturities. People with low scores are less than 620 issues, finances for their daily needs.

The difference between the scores by means of thousands of dollars for auto and home loans. This also applies to the numerical score of homeowners insurance and car insurance prices. The federal government recognizes’Important Credit Information and adopted a law that once a year, agency is entitled to all consumers to a free credit report from all three credit lines already in existence. Every consumer should know, 3R, request, write and report bugs.

There are many ways to report, you will receive a free copy of your credit every year.

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| Tags: Credit, Credit Report
Posted August 27, 2010 by Imogen Lay under Credit Report

There’s been a fair amount of discussion lately about the ups and down of credit card balance transfers and whether they’re effective debt-elimination tools, particularly in light of some of the changes taking place thanks to the Credit CARD Act. Here’s a look at the basics of understanding balance transfers and determining whether one might work for you.

What Is a Balance Transfer?

Actually, it’s pretty much what it sounds like: when you transfer the balance you owe on one credit card to another card. In othe

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| Tags: Balance Transfer, Transfer
Posted August 26, 2010 by Amelie Hampton under Bankruptcy Articles