Your debt has reached the point where you’ve determined that bankruptcy is the best way to reset your financial situation and get a fresh start. You’re also planning to get married soon. You may be embarrassed to tell your soon-to-be-spouse about your plans and even...
A bankruptcy can be scary, especially if you’re worried about other people in your family and their possessions. Many people with children worry that a bankruptcy will affect their kids and result in their losing the assets that belong to them. You might be concerned...
As you prepare to file for bankruptcy, you want to get copies of your credit reports so that you have a clear picture of who your creditors are and how much you owe them. What happens if you see a debt you recognize? Maybe there is a large overdue medical bill you...
If you have put off filing for personal bankruptcy because you feel embarrassed or ashamed, it may be time to think again. For years, bankruptcy has had negative connotations amongst many people. Yet not everyone thinks that way. Big businesses have never shied away...
When you’re struggling with your bills, the sound of your phone ringing can be enough to make you grate your teeth together. You realize that it’s probably a bill collector. Opening the mail isn’t much better. There’s often a stack of unpaid bills and increasingly...
Whenever the economy isn’t doing well, it’s more likely that people will turn to bankruptcy. In 2020, many people struggled to make ends meet. Millions of people are out of work, so it would make sense to see an uptick in personal bankruptcies. Interestingly, that...
The companies whose primary function is the collection of unpaid debt can become incredibly aggressive. Collection agents might make borderline threatening statements, insult someone or otherwise try to bully the people that they contact into paying despite their...
Most people already know that bankruptcy is going to drag down their credit score. What they may not realize is how many factors influence the full impact of a bankruptcy on their credit report, how long that bankruptcy will stay on their report and how they can...
There may come a point when you realize that you need to file for Chapter 7 or Chapter 13 bankruptcy to get your financial life back on track. While it’s a big decision, it could be the one that propels you to bigger and better things in the years to come. It’s...
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...