The foreclosure crisis has had a huge effect on individual homebuyers, financial institutions, the economy -- and bankruptcy courts. In response, some courts have initiated programs to give debtors and lenders an opportunity to work through their differences -- these programs serve the needs of both groups but don't necessarily lead to foreclosure on the debtor's home. This broadcast looks at these programs, how they work, and what affect they have had on debtors, creditors, and the bankruptcy courts that use them. Judges Arthur Votolato (Bankr. DRI) and Robert Drain (Bankr. SDNY) talk about the programs in their courts with Judge Elizabeth Stong (Bankr. EDNY), who will moderate the discussion. Bankruptcy practitioner Patricia Antonelli (Partridge Snow & Hahn, LLP) talks about working within the programs from the attorney's perspective. John Rao (National Consumer Law Center) and Victor Milione (Nixon Peabody, LLP) discuss the programs from the debtors' and creditors' perspectives. Debra Miller, Chapter 13 US Trustee (ND Ind.), talks about the role and the view of the Trustee's office. (April 2011)



http://www.youtube.com/watch?v=4GFZSXUAn-0&hl=en

It may sound suspicions at first, How can Bankruptcy help me re-establish my credit? but to understand how bankruptcy can reestablish your credit, we need to understand what credit is. Credit is your ability to borrow and repay money. Lenders determine whether or not to lend you money by examining how much debt you currently have, and your ability to pay these debts. If your credit is poor, its because you have been unable to pay your existing debt. Filing bankruptcy will eliminate all your past debt and prevent you from filing bankruptcy again for 8 years. When a creditor is making a determination to extend credit, they will see that you have filed bankruptcy and are no longer responsible for your past debt And that you CAN NOT file bankruptcy again for another 8 years. So as long as you have the income you are a lower risk applicant then a person who has bad credit and has not filed bankruptcy and can file any time they please. Many of our client will begin receiving credit card solicitations within one year after receiving their bankruptcy discharge. You will be able to purchase vehicles on financing after the bankruptcy discharge. You will not get the best interest rates, but if your credit is ruined presently, you are not going to get the best interest rates any ways. Finaly you can purchase a home and you should be able to obtain financing within 2 years after receiving your bankruptcy discharge. As long as you can provide a minimum down payment and show the ability ...



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www.howtoconsolidatebusinessdebt.com Find out how a small business debt consolidation loan can help save your company, free cash flow in order to avoid duplication and avoid bankruptcy.



http://www.youtube.com/watch?v=HCakn-N8Jlc&hl=en