Bankruptcy

If you’ve been finding it difficult to make ends meet, you’re not alone. One of the options you might have looked into is a mortgage loan modification. It may be just what you need in order to take control of your finances, get yourself back on track and ultimately -...

There are many misconceptions out there about filing for bankruptcy. One of the most common misconceptions is that a bankruptcy court will sell all your assets to pay back your creditors.  Filing for bankruptcy should give you a fresh start, but this won’t mean much...

If you’re considering filing for bankruptcy, it’s probably the result of many agonizing months worrying about money and debts that feel unsurmountable. Bankruptcy is a position that no one wants to find themselves in and can leave you with complicated feelings. You...

Bankruptcy is a subject that is still surrounded by stigma. There is a misconception that people who pursue this avenue have always been careless with money. This is simply not true. While reckless spending can cause financial trouble and it is a factor in some...

There are multiple reasons why someone might choose to pursue a Chapter 13 bankruptcy instead of a Chapter 7 filing that would produce a faster discharge. They may earn too much money to qualify for Chapter 7 proceedings or worry about the risk of asset liquidation....

Getting into debt can be easy, but getting out of it isn’t. However, to get out of debt, you have to make some changes, including your spending habits.  Formulating a solid plan to address your debts is a great first step, but there are some pitfalls that you should...

When debt becomes too much to handle, many individuals and businesses file for bankruptcy. Though there are six types of bankruptcy, the two most common ones — which target consumers — are Chapter 7 and Chapter 13. Chapter 7 deals with asset liquidation, and Chapter...

When their debts are spiraling out of control, many homeowners worry about protecting their homes from foreclosure. A lot of times, a temporary bump in the financial road can lead to missed mortgage payments – and that can be a lot to catch up, even once you have...

When people go through bankruptcy, they sometimes have the opinion that credit cards are responsible for that bankruptcy and therefore should be avoided. They may have had to cancel all their credit cards during the case, and they swear that they’ll never get them...

People file for bankruptcy every day to get out from under a mountain of debt and get a fresh financial start. If you’re considering this move for yourself, you may prefer that no one knows who doesn’t have to. We all have a right to some financial privacy. When...