Bankruptcy has a bad reputation. Many people think it means losing everything and being financially doomed forever. However, that’s not the case. Bankruptcy is often the first step towards a fresh start - financially. If you’re drowning in debt, filing for bankruptcy...
Would someone inherit their parents’ debt?
One concern that people have when considering estate administration and their potential inheritance is that their parents may have a high level of debt. Parents may have mortgage loans, car loans, credit card debt and much more. This debt may be substantially higher...
The biggest causes of medical debt
The health care system in the U.S. depends on most people having health insurance of some kind. Despite this, millions of people still find themselves in debt after receiving medical treatment. Why does this happen? When it does, can it lead to bankruptcy?...
