Don’t Let Financial Problems Dominate Your Life
When someone lives paycheck to paycheck, they may feel relatively stable in a financial sense. They can pay their bills and make ends meet. But they must receive that next paycheck to do so. A disruption to their earnings, such as job loss, could mean that they are...
Last year, we shared the positive news that the Consumer Financial Protection Bureau’s (CFPB) was issuing a new rule to put an end to including a person’s medical debt on their credit reports. The intention was to keep this debt from impeding their ability to get...
Chapter 7 bankruptcy can offer individuals and married couples who are struggling with overwhelming debt a chance to eliminate most of their unsecured debts and to benefit from a fresh financial start. However, not everyone qualifies for Chapter 7, so if you need a...
Bankruptcy is a legal procedure that provides debtors a new beginning and alleviation from creditors. The stigma surrounding bankruptcy has promoted stereotypes of irresponsibility; however, numerous Americans encounter bankruptcy due to unforeseen crises, such as...
With Chapter 7 bankruptcy, all debt is typically not repaid. People just liquidate their non-exempt assets. However much money this creates is used to pay back a portion to creditors. But the rest of the assets are exempt, so there are no more funds, and the remaining...
There are several different personal circumstances that have a strong association with bankruptcy. Major illnesses and job losses can push people into financial insolvency. Divorce is another common experience that can leave people in need of financial relief. Those...
Facing financial challenges can be overwhelming and for some the idea of bankruptcy might feel embarrassing. However, recognizing when to consider filing can help you reclaim control and pave the way toward a fresh start. While bankruptcy may not be suitable for...
If you’re facing a significant amount of debt, one way to address it may be through filing for bankruptcy. This is a legal tool that can reduce or eliminate much of your debt. As you begin researching your options, you may hear about something called “wage earner’s”...
Subchapter V is a type of bankruptcy for small businesses facing debt problems. Unlike traditional Chapter 11 bankruptcy, which can be expensive and take a long time, Subchapter V is more straightforward and faster. To qualify, a business must meet specific rules,...
Bankruptcy terms can be unfamiliar and often misleading. However, if you’re considering filing for Chapter 7 bankruptcy, it’s crucial to know and understand the terms you’ll see, hear and read during the process. This can help successfully complete it and get a fresh...