bankruptcy fraud



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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 fraud" News:

Shreveport Police Officer Indicted For Bankruptcy Fraud
United States Attorney Stephanie A. Finley announced that Joey M. Willis, age 46, a Shreveport Police Officer, was indicted this week by a federal grand jury for concealing assets from his creditors in the course of his bankruptcy proceeding and making false statements under penalty of perjury and under oath.
Fri, 27 Jan 2012 16:47:18 -0800

SPD officer indicted for bankruptcy fraud
A Shreveport police officer was indicted by a federal grand jury Friday for bankruptcy fraud.
Fri, 27 Jan 2012 21:02:52 -0800



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'Bankruptcy' the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person runs into huge debts and there is hardly any money left with him to repay those debts. The clouds of bankrupt situation can hover over anybody's life be it a successful business man who has never ever fathomed it or any greenhorn entrepreneur who had thought of going a long way ahead. There are several reasons behind this insolvency- Indebtedness-people usually take big loans from the banks and private companies in order to run successfully
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