People wind up in tricky financial situations due to all kinds of reasons: a medical emergency can occur, the financial markets can crash, a natural disaster strikes… there are many roads that can lead to bankruptcy. Not all of them have to do with wild spending and a lack of common fiscal sense. But what … Read more
Declaring bankruptcy is not fun. It’s one of those things all reasonable adults dread and hope they never have to experience. The reality, however, is that every day smart, capable, and yes, even successful people declare bankruptcy. A quick look at the statistics tells the story: according to the American Bankruptcy Institute, over 750,000 people declared … Read more
One of the first things you’ll discover when you have a bankruptcy on your credit report is lenders get wary. Make no mistake, they see that entry that reads Chapter 7 or Chapter 13 bankruptcy, and the red flags go up. From their perspective, this is completely reasonable. After all, they don’t know why you declared bankruptcy, … Read more
Applying for a credit card after going through a bankruptcy can present certain hurdles. Your credit is at an all-time low, banks are wary of lending you money, and money, in general, is tight. Hope is not lost; far from it. Many have been there before you and many more will come. And even though … Read more
Repairing your credit after bankruptcy can be time-consuming. It’s a drain not only on your wallet but your time and energy. If you’re climbing out of a bankruptcy, you’ll need patience and determination to do it right. That’s where a credit repair company can be invaluable. Before your bankruptcy, you’ve probably gotten offers from companies … Read more
One of the many heartbreaking misconceptions people can have about bankruptcy is that it means you will never be able to buy the house of your dreams… or even ever buy a house at all. This could not be further from the truth. Just like some things you would like to do in life with … Read more
If you’re a car person who has just declared bankruptcy, or even if you’re just a fan of reliable transportation, the fear may have struck you that you’ll never again be approved for anything better than a beat-up jalopy and you’re condemned to driving nothing but a used car on its last legs. The truth … Read more
Bankruptcy Recovery Foundation, Inc.
425 Chelsea Rd.
Fairless Hills, PA 19030
