You determine that your debt is unsustainable, and it’s holding you back financially. You simply don’t earn enough money to ever pay off all of the debt, so the interest keeps compounding. You want to get a fresh financial start, so you consider Chapter 7 bankruptcy....
Month: February 2023
How much home equity can you protect in Chapter 7 bankruptcy?
Chapter 7 bankruptcy is a relatively fast and aggressive way to handle unsecured debt. In successful cases, people can go from their initial filing to their discharge in a matter of months. However, before the courts will grant the discharge of someone's eligible...
Bankruptcy filings are on the rise
Financial issues have begun to become very serious for a lot of people across the United States, with rising costs, inflation and perpetually low wages. As such, you may not be surprised to find out that bankruptcy filings have been rising. The statistics for 2023 are...
Why bankruptcy shouldn’t have a negative stigma
There are often some negative stigmas surrounding bankruptcy. For example, some people may be worried about the social stigma and perceive bankruptcy as some type of failure, and this can keep them from filing if they are the type of person who is excessively worried...