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Everyone needs a car irrespective of his or her credit score. Having a bad credit score does not take away your right to own a car. A bad credit history may include arrears, default, county court judgements, bankruptcy, etc. Due to some unavoidable circumstances, you may miss out at your monthly repayments. This is bad for your credit score. A late payment has an adverse effect on your credit score. Default on the loan repayment is even worse. Another thing that has a negative effect on the credit score is bankruptcy. If you find it difficult to pay monthly installments because of high rates of interest, you can take
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Lastest "bankruptcy advice" News:

Which debts can be discharged in bankruptcy?
Dear Bankruptcy Adviser,I have debts in the form of credit cards, material to suppliers, a car wreck (I was not insured and it was my fault) and a truck repo. Most of these creditors have judgments against ...
Tue, 24 Jan 2012 01:36:47 -0800

Miquita Oliver faces bankruptcy due to unpaid tax bill
Former T4 star Miquita Oliver is the latest celebrity to show that high earnings don't always translate to lasting wealth.
Fri, 03 Feb 2012 06:49:16 -0800

Debts that can't be wiped out in bankruptcy
In last week's column, I discussed some common debts that could be eliminated in a bankruptcy filing. To keep it even, I'd like to talk this week about some debts that can't be discharged in bankruptcy. ...
Tue, 31 Jan 2012 00:00:58 -0800

Top two ousted as RSM Tenon shakes up board
RSM Tenon, the bankruptcy advice specialists, yesterday ousted its chairman and chief executive, warned it might restate its own accounts, and appointed a turnround specialist, as it admitted slipping into losses.
Mon, 23 Jan 2012 19:29:07 -0800



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The world remains horrified at the tremendous destruction caused throughout the Gulf Coast recently by Hurricane Katrina. An unknown number of people are dead and thousands more are homeless, jobless and completely destitute. It may be months before the city of New Orleans is inhabitable again, and in the meantime, most residents of the city will have little or no income. This is a problem, as most people will continue to have payments due for credit cards, auto loans and mortgages. A number of people will probably be forced to file for bankruptcy as their debts continue to pile up
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