Bankruptcy

Bankruptcy is a challenging time because you likely realize that you need to do something to take control of your finances, but you also know that you can’t afford to pay the debts you have and stay afloat. Once you decide to file for bankruptcy, you will likely start...

Creditors often use frequent communication via calls, email, mail, texts or direct messaging to try to collect debts. If you know that you don’t have the money to pay them while being able to pay for life’s necessities, you may feel stress each time you’re contacted...

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...

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?...

Filing for bankruptcy for bankruptcy is likely a major decision. It may come once you realize that you won’t be able to pay for life’s necessities while keeping up with debt payments. Once you file for bankruptcy, you will notice a negative impact on your credit....

Filing for bankruptcy is a major decision that requires careful consideration. While bankruptcy can provide financial relief, it has to be the right choice for your unique circumstances. Here are three questions to ask yourself while determining whether or not...

People sometimes mistakenly assume they have to liquidate all of their assets if they file for bankruptcy. It is true that Chapter 7 is known as liquidation bankruptcy, and some assets may need to be sold to settle a portion of the debt. However, the reality is that...

Seeking debt relief through bankruptcy is stressful on its own. Learning you must also undergo mandatory education can ramp up your anxiety. Try not to worry. Fulfilling the education requirements is probably easier than you anticipate, especially when you understand...

When a person files for bankruptcy, the court issues an automatic stay. This gives the filer a reprieve from the constant communication from debt collectors. Once the automatic stay is issued, creditors can’t make any collection attempts, including making demands...

Being buried in debt can be overwhelming and it may seem like you’ll never be debt-free. Late or missed payments can destroy your credit and make it difficult for you to get financing for a house or car. When things get bad, some people turn to bankruptcy for a fresh...