Bankruptcy Archives - Page 11 of 11 - Rubin & Associates

Busting Two Myths About Repossession
Busting Two Myths About Repossession

Bankruptcy, Debt, Personal Finance, Repossession

Busting Two Myths About Repossession

Repossession is not a fun thing. Losing your car, truck, motorcycle or boat can be embarrassing and inconvenient.

But just like anything in life that people hope to avoid, there are a few misconceptions that the general pubic has about the process of repossession.

If you find one of your vehicles in danger of being repossessed, the best weapon is knowledge. With that, you will be able to make informed decisions.

Repossession Myth #1: My vehicle can’t be repossessed until I’m at least 2 months behind on payments.

This is absolutely untrue. While bill collectors generally wait until at two or three months worth of missed payments, they can take your vehicle away if one payment is one day late.

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By Mark Rubin|2012-04-25T08:00:38-05:00April 25th, 2012|Bankruptcy, Debt, Personal Finance, Repossession|

Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.
Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.

Bankruptcy, Bankruptcy Myths, Bankruptcy Statistics, Texas Bankruptcy

Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.

Many people won’t even consider filing for bankruptcy because they fear that everyone they know will find out. It’s a valid concern, too. No one wants the whole world to know his or her private affairs.

That’s where we have good news. If you file for bankruptcy in Texas, the whole world won’t automatically know. (more…)

By Mark Rubin|2012-03-14T12:34:27-05:00March 14th, 2012|Bankruptcy, Bankruptcy Myths, Bankruptcy Statistics, Texas Bankruptcy|

Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years
Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years

Bankruptcy, Bankruptcy Myths

Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years

If you’re considering filing for bankruptcy, you might want to know if what you hear is true: “I understand that filing for bankruptcy will hurt my credit for 10 years. Is it true?” For those with bad credit, the short answer is no.

“How can that be?” you might ask.

If you’re considering filing for bankruptcy or have sought out the advice of a bankruptcy attorney, your credit is most likely already down the drain. You’re in debt up to your ears and have several black marks on your credit report. If this is the case, then there’s no credit for a bankruptcy filing to hurt for the immediate future.

Plus, what really hurts your credit? Not paying your debts.

“But a bankruptcy filing stays on a credit report for up to 10 years.”

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By Mark Rubin|2012-01-30T11:00:25-06:00January 30th, 2012|Bankruptcy, Bankruptcy Myths|