Bankruptcy

Choose the Right Plan Between Debt Consolidation and Bankruptcy to Ease your Loan Burden

Choose the Right Plan Between Debt Consolidation and Bankruptcy to Ease your Loan Burden

Debt consolidation and bankruptcy are popular debt management techniques. You arrange many debt payments into one after you consolidate your obligations. You have the option of consolidating your debts with a secured loan or an unsecured loan. Bankruptcy, on the other hand, eliminates or restructures bound debts while protected by the federal bankruptcy court. Chapter 7 and Chapter 13 are the most prevalent types of bankruptcy proceedings filed by individuals and small corporations. Details about Debt Consolidation It doesn’t matter how you plan out the goal is to consolidate several expenses into a single monthly payment. You can save money…
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Getting a Personal Loan After Bankruptcy: A Step-by-Step Guide From OakParkFinancial

Getting a Personal Loan After Bankruptcy: A Step-by-Step Guide From OakParkFinancial

Bankruptcy is more prevalent than you would expect. According to the Judicial Officer of the United States Courts, 772,646 bankruptcy lawsuits were registered in 2019. While bankruptcy may help you gain some debt relief, this is not a one-size-fits-all answer to your financial problems. While you're recovering, you could need a loan to help you expand your company or get back on your feet financially. You may find yourself at the expense of creditors and financial institutions if you file for bankruptcy, particularly if you intend on acquiring an unsecured loan, but this is not an impossible condition. As a…
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