… the handling of cash, expensive merchandise or a security clearance, you may be subjected to a credit check. If you’re behind on your bills, have delinquencies, defaults, judgments or liens, there a few things you should know.

While a company is restricted from not hiring you simply because you filed bankruptcy, they may be allowed to deny you employment if you have bad credit.  However, if they were challenged in a court, they would need to prove that your poor credit demonstrated …

Comment by Karen: … you because of bad credit? I 'think' that I have lost out …

Category: Credit and Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Credit Check Employment

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Bankruptcy offers the perfect opportunity to rebuild your credit score by using credit cards and other forms of debt shrewdly.  Here a few tips on how to master the credit score game after filing bankruptcy.

Tip #1 – Go for the top credit cards and other loan products first.  Many debtors mistakenly believe that once they file for bankruptcy they are forever relegated to the “trash …

Comment by Jim Ince: … in rebuilding your credit legally, so that you avoid …

Category: Bankruptcy , Credit Card Negotiation , Credit and Bankruptcy

Tags: Bankruptcy Credit card Debt Personal Finance

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A file segregation scam is where a debtor, usually someone who has recently filed bankruptcy, is offered a brand new credit identity in exchange for a fee–usually a very large fee.

How It Works

The scammer usually targets those who have filed bankruptcy or who have delinquent credit cards or loans in default on their credit report.  The scammer attempts to convince the target that because they filed bankruptcy they won’t be able to get any loans or credit cards for …

Comment by Jim Ince: … to deal with post-bankruptcy issues and your reputable …

Category: Bankruptcy , Credit Counseling , Fort Worth Attorney

Tags: Bankruptcy Credit card Debtor Loan Unsecured debt

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… year statute of limitations on the ability of debt collectors to sue a debtor because of an unpaid credit card debt.  What that means is that if after your credit card debt is charged off, a debt collector only has 4 years to sue you and get a judgment. If they have not sued you within 4 year, they are not allowed to sue you for repayment of the credit card debt after the statute of limitations has expired.  However, if a creditor is able to sue you and win a judgment, that judgment can last …

Category: Bankruptcy Q&A , Chapter 7 Bankruptcy , Credit Counseling

Tags: Chapter 7 Bankruptcy credit cards statute of limitations

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Before filing for bankruptcy, many debtors have triaged their debts, paying some while allowing others to become delinquent.  Most of these debtors want to know if they can keep that special credit card and keep it out of the bankruptcy.  The answer is no.  When a debtor files bankruptcy, they must include all of their outstanding debts and credit card accounts in the bankruptcy. That means that even if you …

Category: Bankruptcy

Tags: Bankruptcy credit cards

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After filing for bankruptcy, a debtor’s credit card purchases will come under scrutiny by the bankruptcy trustee at the 341 meeting.  During the 341 meeting, the bankruptcy trustee will probably ask the debtor questions about what assets they purchased with their credit card and which of those assets do they still have.  For example, if a debtor purchased a scooter for $2,000 using a credit card, the …

Comment by Alvina Lofton: … an expensive item and then cannot pay your other bills.

Category: Bankruptcy , Credit Card Negotiation

Tags: Bankruptcy Texas Trustee

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After bankruptcy, a credit history statement can make your credit report look better.

After your bankruptcy is complete, you need to get your financial life in order.  Of course one of the first steps to doing this is to improve your credit report.  You probably have heard all of the common ways to improve your credit report, but one thing you might not know about is your right to have a credit …

Category: Bankruptcy , Credit Counseling , Credit and Bankruptcy

Tags: Bankruptcy Credit score Fair Credit Reporting Act

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One reason declaring bankruptcy terrifies so many people is the fact they have to admit they’ve lost control over their finances–and life in general.  Nobody likes to feel powerless and out of options.  But bankruptcy doesn’t have to be the end, it can be the beginning of you taking back control over your situation.  Here are a few steps that can help you feel more proactive and in control once you file …

Category: Bankruptcy , Credit Counseling , Filing Bankruptcy

Tags: Bankruptcy Credit Life After Bankruptcy

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Many people find their credit card canceled even though they had a zero balance and the credit card was not included in their bankruptcy schedule.

Imagine six months after your bankruptcy has been discharged.  You’ve turned your financial situation around and there is no more worrying how you are going to pay your bills.  Everything is on the up and up; you’re budgeting well and have a little money to spend, so …

Comment by Jacob Decker: … because they filed bankruptcy. If you schedule an …

Category: Credit Card Negotiation , Credit Crisis , Dallas Lawyer

Tags: Chapter 13 Title 11 United States Code Credit card Equifax Social Security number United States

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Many debtors filing for bankruptcy are under the gun financially which causes them to "rob Peter to pay Paul" in a game that I will call "credit card musical chairs." In an effort to keep their financial house of cards from tumbling many debtors use revolving credit to pay for even some of the most basic items such as food and rent, even withdrawing cash from one card to pay the minimum balance on …

Category: Credit and Bankruptcy

Tags: credit cards

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In the throes of this recession, the average Americans is just piling on more credit card debt and finding it more difficult to find a way out.  According to a report released by TransUnion, as of October 2009, the national average for credit card debt $5,612 per person.  The average!  That’s scary knowing that the job situation is only getting worse with at least one company announcing job losses at least every week. So what can we do to get out of credit card debt? …

Category: Credit Card Negotiation , Credit and Bankruptcy

Tags: Chapter 7 Bankruptcy credit cards TransUnion

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In their effort to consolidate jobs and streamline processes, Pilgrim’s Pride which was purchased by JBS USA during Chapter 11 bankruptcy, implemented 230 corporate and administrative job losses, including 160 job losses in East Texas.

“We operate a lean corporate structure,” said spokesman Chandler Keys. “One of the main goals is to make sure we don’t have layers of bureaucracy.”

While more job losses aren’t …

Comment author: Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com

Comment by Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com: … Pride’s Post Bankruptcy Moves Include Texas Job …

Category: Bankruptcy , Chapter 11 Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Job Loss Pilgrim's Pride

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