Leave Your Debt Problems In The Past. Find Your Fresh Start.
A lot of people are scared to file bankruptcy – particularly Chapter 7. Long known as a “liquidation bankruptcy,” people often have images stuck in their head from movies and television shows where deputies carry off every last stick of furniture and item that someone...
Bankruptcy is often described as a financial tool that can eliminate debt and give you a fresh start financially. This sounds great to many people, who may always keep it in the back of their minds as an option. If the debt level that they’re facing gets a bit high,...
In a lot of cases, bankruptcy is a one-time event spurred by something outside of your control. It could be medical debt, for example, or other unexpected costs. But even in cases where you simply were spending above your means, this doesn’t have to be a consistent...
It’s always wise to consider the timing of your filing for bankruptcy. However, if you’re being hounded by creditors and drowning in debt, the sooner you do it, the better you’ll likely feel. Those whose bankruptcy filing precedes or coincides with the holiday...
The Secretary of Education, Miguel Cardona, recently stated that the companies issuing student loans are "ready to apply" President Biden’s proposed debt relief. However, the 8th Circuit Court issued a temporary stay that holds the student loan forgiveness of as much...
Bankruptcy is many people's last resort for managing their debts. When filing for bankruptcy, people have several options. The majority of people choose either a Chapter 7 or Chapter 13 bankruptcy. If you don’t know what a Chapter 7 or Chapter 13 bankruptcy is, you...
You’ve borrowed debt, so you’re expected to pay it back, eventually. But for now, you have the liberty to build up debt, consequently building up your credit score, and make some necessary purchases. However, many people lose track of how much debt they’ve accumulated...
If you have fallen behind on your car payments, your mortgage, or any other bill, then creditors will probably pursue you for repayment. It’s perfectly legal for them to do this, but they can only do so within the confines of the law. Under the Fair Debt Collection...
Dealing with creditors’ calls and intimidations can be frightening and stressful, to say the least. If you are struggling with debt, one of the options you can consider is filing for bankruptcy. However, it is important to understand that bankruptcy is a legal...
If you consistently use a credit card to make purchases, one potential trap that you can fall into is simply spending more than you can afford. Some of this may be due to simple mistakes in budgeting, but the truth is that psychological manipulation is being carried...
