Medical debt is a significant issue in the United States. When you look at the reasons that people file for bankruptcy every year, you will find that medical debt is very commonly cited. It’s one of the top reasons that consumers find themselves facing unsustainable...
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Chapter 7
Should you file for Chapter 7 bankruptcy?
If you don’t earn much income and your debts have become overwhelming, filing for Chapter 7 bankruptcy may be the opportunity you need to regain control of your finances. For those who qualify, Chapter 7 bankruptcy can serve as a gateway to a fresh financial start....
Deficiency judgments: What homeowners need to know
When you’re a homeowner in financial distress, you may be looking into a number of different possibilities. Should you let your home go through foreclosure? Should you ask the bank if you can offer a deed-in-lieu of foreclosure to try to minimize the impact of the...
Dos and don’ts for bankruptcy
Having debts that you’re unable to pay can be a stressful experience. For some people, there’s simply no money to get those bills paid. It can be very disheartening to have creditors calling and mailing statements to attempt to get money when they know they don’t have...
Is Chapter 7 bankruptcy a good option for debtors?
There are a number of debt management and debt relief opportunities available for individuals who are struggling with debt. If a single account is giving you trouble and you’ve recently secured an inheritance or a tax refund, exploring a debt settlement arrangement...
How to prepare for Chapter 7 bankruptcy
Not many situations are as stressful and frightening as struggling with debts that you cannot pay. Fortunately, Chapter 7 bankruptcy allows you to discharge unsecured personal debts so you can get back on your feet and focus on rebuilding your finances. However, the...
Rebuilding your credit after filing for bankruptcy
One of the primary reasons why individuals who are struggling with debt hesitate to file for bankruptcy is that they’re worried about what taking this step will do to their credit. Thankfully, creditors are usually far more interested in someone’s recent financial...
Will you lose your house if you file bankruptcy?
Filing for bankruptcy can be an incredibly stressful experience. With all of the legal paperwork, not to mention any judgments passed down by creditors, you're likely feeling overwhelmed and unsure of what will happen next. One fear many people have is losing their...
2 signs you need to file Chapter 7 bankruptcy immediately
Millions of Americans go through financial difficulties each year. One of the remedies you can opt for if your finances are in disarray is declaring bankruptcy. A Chapter 7 bankruptcy can help you discharge unsecured debts like credit card and medical debts. But...
2 mistakes to avoid when filing for Chapter 7 bankruptcy
Filing for bankruptcy is a viable option to get out of debt and get back on a secure financial footing. When filing for bankruptcy, it's important to avoid mistakes that may result in issues during the process. Knowing what these mistakes are is the best way to file...