Filing for bankruptcy is a major decision that will have significant consequences (for better and worse). Therefore, the decision should not be made lightly. On the other hand, too many Americans who could truly benefit from bankruptcy choose not to file due to fear...
You started your own business a few years ago. Maybe you’re the only employee; maybe you’ve hired a small team. No matter what the structure looks like, your business has run into financial troubles that are largely out of your control. Maybe you have more competition...
Some people file for bankruptcy, hoping that it will eliminate their debt and solve their financial problems. Though states support bankruptcy laws to help citizens recover from a fiscal crisis, the process comes with a cost. Financial counselors will identify assets...
For those who qualify, filing for Chapter 7 bankruptcy can be a very quick and effective way to get rid of debt and gain a fresh financial start. Chapter 7 works by discharging debt in exchange for the liquidation of certain assets (on a case-by-case basis). But even...
In times of financial distress, many Americans may consider filing for bankruptcy. Despite its negative connotations, bankruptcy offers citizens a path to recovery after an unfortunate event. Many people need bankruptcy after suffering a medical emergency, losing...