Bankruptcy

It might seem counterintuitive to say that bankruptcy could benefit your credit rating. However, it can be true, given time. Let’s look at why. Doing nothing will worsen your credit score  Let’s say that you cannot meet all your bills. You might try taking on more...

Credit cards can be useful and millions of Americans take advantage of them each year. However, credit cards are not risk-free.  Credit cards have become a significant source of debt in the U.S., with millions struggling to pay off their balances. What are some of the...

Talking to your family about bankruptcy can be a difficult conversation. But it's necessary. Support and understanding from loved ones when declaring bankruptcy are crucial. But how can you break such challenging news to them? Here are three tips to help you: Choose...

Some people strategically plan their bankruptcies for weeks before they file. They have the option of timing things in a specific way because they recognize a concerning pattern in their finances. Others become so bogged down in the daily grind that they don't see how...

Do you have overwhelming amounts of medical and credit card debt? Two popular forms of debt relief are Chapter 7 and Chapter 13 bankruptcy. Both forms of bankruptcy can potentially free you from the burden of bankruptcy. There are many benefits to filing for...

When your marriage is on the rocks and your financial situation is in disarray, deciding whether to file for bankruptcy before divorce or the other way around can be a tough decision. Given the implications on your financial future, it helps to make the right call....

It’s easy to get into debt and can be much harder to get out of it. The inability to escape it can take a massive emotional toll on people. Debt could leave you stressed, angry, anxious about how you are going to pay and more. Anything that can help you resolve the...

Have you been struggling to pay off credit cards, medical or loan bills? Do you have outstanding debt obligations? Are you suffering from late fees and high interest? If this is happening to you, then your best option may be to file for bankruptcy. Bankruptcy is seen...

You may have had overwhelming debt from medical bills, credit card debt, late fees or other financial difficulties. When you filed Chapter 7 or Chapter 13 bankruptcy, it likely helped you resolve your debt obligations. It took several years and it affected your credit...

People decide to file for personal bankruptcy for a host of different reasons. For some people, bankruptcy becomes necessary when a creditor takes them to court. They want to avoid loss of personal property or the potential garnishment of their wages, and a timely...