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If your credit cards are overwhelming, you’re like one of many other Americans struggling with credit debt. According to some of the latest data, the average American has around $5,331 in credit card debt. Credit debt itself isn’t necessarily bad, but since around 55%...
Medical bills are often unexpected, and even with insurance, they can be thousands of dollars. You may have thought that your operation or emergency was covered, but when out-of-network providers participate in your care or an accident and injury happens out of state,...
There is as much as $33 billion in annual child support payments that are exchanged in the U.S. every year. That amount is only about half of what existing court orders dictate should be paid annually. Some parents likely struggle to afford their payments. These same...
When someone says they’re going to declare bankruptcy, you may assume that they made poor financial decisions. Maybe they spent too much money, lived beyond their means or they took on bad debt that had too many risks. But is this actually true? When you look at the...
Chapter 13 bankruptcy involves setting up a repayment plan, with the approval of a bankruptcy court judge, to pay off your debts step by step over a period of years. This has the advantage of protecting your home, car and other assets from creditors. At the same time,...
Filing for bankruptcy generally allows you to discharge a variety of debts. In some cases, it may be possible to eliminate student loan balances in Chapter 7 or 13 bankruptcy. In fact, you may be able to get a full discharge without losing assets such as a car, boat...
For individuals, the most commonly used kind of bankruptcy is Chapter 7 bankruptcy. If you’re interested in filing for bankruptcy, you may be wondering if you can qualify. Perhaps you’re just out of college, or maybe you are about to go into retirement. Regardless of...
Filing for Chapter 7 bankruptcy in North Carolina may allow you to eliminate most of your unsecured debts. However, it is unlikely that you will be able to discharge federal student loan balances. Of course, it's important to consider that getting rid of credit card,...
The decision to file bankruptcy is not one to be taken lightly. Individuals often face enormous financial pressure and struggle with mounting debt for years before realizing that bankruptcy is the right option. From job loss and home repair to divorce and medical...
If you are having trouble staying current on unsecured debts, it may be possible to eliminate them through Chapter 7 bankruptcy. However, there is a chance that a North Carolina judge may require you to file for Chapter 13 protection. There are several reasons why...
