If you’re dealing with overwhelming debt, you may have lost track of everyone you owe and how many collectors are contacting you. One thing you should be careful about is something called “zombie debt.” A zombie debt is often a debt you no longer owe because it has...
Bankruptcy is a legal process that provides a debtor with relief from their debts and an opportunity to start afresh. The automatic stay is put in place when a debtor files for bankruptcy. An automatic stay is a court order. It prevents creditors from taking action...
Are medical bills giving you sleepless nights? You are not alone. Medical conditions like heart disease, diabetes and cancer can cost thousands of dollars to treat. If you are caught up in a staggering medical debt that you can’t seem to pay, you need to figure out...
Nearly everyone takes on some kind of debt in their life. With a meticulous plan, debt can be quickly paid off. On the other hand, debt can quickly become overwhelming. How does this happen? Here’s what you should know: Overspending Credit cards, which would allow...
Bankruptcy can help you out of financial difficulty and give you a much-needed lifeline. However, it is essential to understand the difference between the two most common types of bankruptcy, Chapter 7 and Chapter 13, to determine which is best for your situation....
These days, it’s typically easy to locate an old high school or college buddy, a neighbor from your childhood or just about anyone you need to reconnect with. If someone really can’t be found, it may be that they don’t want to be. Sometimes, estate executors are...
Say that a parent or other loved one recently passed away, and you found out they named you their estate executor. At first, you felt honored and eager to take on the responsibility. Now, only days later, you feel overwhelmed by the scope of your duties. It is a...
If you're considering filing for bankruptcy, you may be wondering if you'll lose your home in the process. The answer is not clear-cut. While it's true that some people do lose their homes to foreclosure after declaring bankruptcy, there are ways to protect your home...
The importance of estate planning cannot be overstated. By drafting a will, trusts and other estate planning documents, you can make provisions for the future of your loved ones after you have gone. Unfortunately, the execution of estate planning documents does not...
If your loved one left a will, it must be verified and implemented according to their wishes. This happens during probate, a court process of administering a person’s estate after death. Few understand how things work in probate, yet it is crucial when passing an...
