When your debts have spiraled out of your control and you can’t even make the minimum payments on all your bills, you quickly learn to dread the sound of your phone ringing. You aren’t so thrilled to see the mailman arrive, either. Every call and letter seems to bring...
Here is why personal bankruptcy filings are down in the U.S.
The American economy remains troubled at the beginning of 2021. Millions are unemployed, and it is not clear when they will be allowed to return to work. Without a regular income, except possibly unemployment insurance, their credit card debt may be spiraling out of...
What debts can you discharge when you file for bankruptcy?
There are many ways to handle your debt, but many of them can cost you more in the long run. Companies that offer for-profit services like debt settlement or consolidation loans can give someone temporary relief but won't resolve the debt that caused the issue to...
If money is tight on a fixed income, a bankruptcy may help
When you live on a fixed income, it can sometimes be difficult to get by. A sudden or unexpected expense may make you wonder how you’ll pay your bills. You may turn to your credit cards to cover what you owe. If you end up having too much debt on those credit cards,...
How the gaps in your health insurance could result in bankruptcy
Overwhelming debt levels that lead to bankruptcy are not just issues for people who can't keep a job or control their spending habits. Debt can happen to anyone, even those with good jobs and what they perceive as good insurance benefits. Serious injuries or major...
Questions to answer as you prepare for Chapter 7 bankruptcy
You hope there never comes a day when you have to prepare for a Chapter 7 bankruptcy filing, but there’s no way of knowing what the future holds. If you do find yourself in this position, there are a variety of questions you must answer. Doing so will help you better...
Debt in America: An overview of credit debt
If you’ve been worried about your credit card debt becoming overwhelming and hurting your finances, you’re not alone. There are many people in America who have debt, and it’s extremely common to see people struggling with those debts. As of 2020, revolving debt, which...
Should you be ashamed of filing for bankruptcy?
One thing that many clients say about bankruptcy is how ashamed it makes them feel. Don’t be ashamed to ask for help. Bankruptcy is extremely common and normal. People from all walks of life may find themselves struggling to make ends meet because of a sudden illness,...
Bankruptcy could help you save your home from foreclosure
When you realize that bankruptcy may be your only way out of debt, it may scare you. You may think that you’re going to lose your house and your vehicle. You might think you’ll end up selling everything you own just to escape this situation. Fortunately, that is not...
If you’re filing bankruptcy, avoid making these transactions
You think that you may want to go through with a bankruptcy. That’s great, because deciding what you want to do to tackle your debt is a major first step. Once you decide that this is what you want to do, you’ll want to avoid certain transactions prior to filing. Some...
