Due to the terrible economic situation these days, many people are considering filing for credit card bankruptcy. Actually, numerous people have already filed for it. It’s understandable considering what people are now experiencing. To many, filing for bankruptcy may be the only solution.
Chapter 7 bankruptcy concerns basic liquidation of non-exempt assets for individuals and corporates. Prior to filing for chapter 7 bankruptcy, its better to be acquainted with the repercussions it may possibly have on your credit rating.
“Buy to let” is the term coined to describe the practice of owning a property portfolio with the intention of earning both rental income and capital growth. Of course people have always been landlords, but buy to let became a popular route to riches in the USA and UK during the credit rich days prior to 2008. Unfortunately, many saw the market for aspiring property tycoons as their own passport to riches, exploiting the building boom and easy credit that was available, to the ultimate detriment of those who had invested as landlords when the economy began its downturn.
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