Bankruptcy

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...

Once they get so far in debt that filing for bankruptcy seems like a foregone conclusion, some folks figure that they might as well max out their remaining credit cards before filing their bankruptcy petition. While in theory that might sound like a good plan, in...

Payday loans have emerged as a quick-fix solution for those facing immediate financial challenges. However, the seemingly convenient nature of these loans mask a multitude of pitfalls, often leading borrowers into a debt spiral that can be challenging to escape. In...

When it comes to personal finances, understanding the concept of a no-win debt cycle is crucial for individuals who are striving to achieve financial stability. A no-win debt cycle is a perpetual financial struggle wherein individuals find themselves trapped in...

Bankruptcy enables individuals or entities to discharge or repay their debts under the protection of the federal bankruptcy court. There are different types of bankruptcy, including Chapters 7 and 13, each with its rules and implications. Until recently, student loans...

Bankruptcy is a solution many people use to resolve overwhelming debt obligations. There are often a few factors that happen before people file for bankruptcy. Someone unemployed may face lots of medical debt after a sudden injury. Or, overspending may lead to late...