The North Carolina Bankruptcy Information Blog

It’s a couple of years after your debts were discharged in a Chapter 7 bankruptcy, you’re on track with your payments and expenses, and you’ve been working steadily to rebuild your credit. Now you’re ready to buy a new home: you’ve done all the homework, you’ve looked for good lenders and you’ve found your dream house. All you need now is to borrow what the house is worth, right? Well, not quite. If you have had some negative history on your credit report since your bankruptcy, you may need to come up with as much as 30% of the value as a down payment in order convince a lender to extend a loan to you.…

The dirty tactics of credit card companies have been public knowledge for years, but it’s only recently that the government has begun taking steps to protect consumers from some of their worst methods. Unfortunately, the Bankruptcy Code reforms that passed in 2005 were basically written by the credit card companies, who paid millions in lobbying dollars to cram the bill through. It should come as no surprise that these companies will try anything to make your bankruptcy explode in your face. The very same companies that employed their most persuasive tricks to get you to spend beyond your means will make an about face during your filing and accuse you of fraud.…