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Getting a 2nd mortgage loan or home equity loan after a bankruptcy is workable. However, loan applicants should be aware of certain disadvantages to bad credit loans. A bankruptcy is destructive to credit scores. In reality, many financial experts discourage bankruptcies. Those who file Chapter 7 or Chapter 13 are subjected to higher finance rates on homes, cars, etc. Before applying for a 2nd mortgage, know what to expect and understand the basics of getting a reasonable rate. Expect Higher Finance Fees or Interest Rates After a bankruptcy, many people are hesitant to apply for credit. They expect higher rates, which will also increase monthly payments. However, obtaining new credit accounts is crucial
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Lastest "bankruptcy" News:

American Airline bankruptcy fuels merger talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future.
Thu, 02 Feb 2012 14:31:27 -0800

American's bankruptcy fuels merger talk
American Airlines' bankruptcy has many in the industry questioning if a merger is in its future.
Thu, 02 Feb 2012 14:13:35 -0800

Law grads go to court for bankruptcy protection
(Reuters) - When Diana Valle decided to intern at a bankruptcy firm during law school, she had no idea how useful the experience would prove - in her own case. Shortly before graduating from the University of Maryland School of Law, the 26-year-old Valle, burdened with 0,000 in student debt and with no immediate job prospects, filed for Chapter 7 personal bankruptcy protection. "I was really ...
Fri, 03 Feb 2012 07:25:45 -0800

BANKRUPTCY WEEK AHEAD: Judge To Take Up Confirmation Of A&P Bankruptcy-Exit Plan
After more than a year in Chapter 11, next week could see the opening of the door out of bankruptcy for Great Atlantic & Pacific Tea Co. (GAPTQ).
Fri, 03 Feb 2012 09:41:53 -0800

Judge approves settlement in WaMu bankruptcy
A Delaware bankruptcy judge on Wednesday said she would approve a settlement between bank holding company Washington Mutual Inc. and a group of investors who had argued unsuccessfully that they held claims against it worth more than 0 million.
Wed, 01 Feb 2012 15:33:38 -0800



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A bankruptcy credit card is basically a card that you can get despite bad credit.If you have been in bankruptcy in the past, you are probably finding it difficult to build up your credit rating again. One of the reasons for this is that most of the major companies will not offer you a credit card or other loan due to your past bankruptcy. There are a few things that you can do in order to lessen the effect that that bankruptcy has on your credit now, but one of those options (wait until it is no longer on your
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