Bankruptcy

When filing for bankruptcy, people sometimes lament their credit card debt. They may have found themselves in a difficult situation where they had to make extensive charges on that credit card, and it contributed to their overall debt. It’s part of the reason that...

With Chapter 7 bankruptcy, it’s clear that the benefit is eliminating your debt. You do have to liquidate some non-exempt assets to do so. Creditors may get partial payments based on this liquidation process. But after that, other debts will be forgiven, and you get a...

Debt is a growing concern for millions of Americans; many people struggle to keep up with financial obligations due to unforeseen circumstances. While some debt can be manageable, overwhelming debt can quickly spiral out of control. In such situations, bankruptcy can...

The general goal of filing for bankruptcy is to give you a fresh start financially. You clear your debts so that you’re not facing an overwhelming amount of monthly payments. You can then rebuild your credit score and continue earning to improve your financial future....

Filing for bankruptcy is a legitimate option for people struggling with debt. It provides an opportunity for a fresh start.  However, it is important to have accurate information before filing. For example, many people wonder if filing for bankruptcy clears all debts....

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...