If you’ve been living with insurmountable debt, you may have developed all sorts of coping mechanisms without realizing it. You may be looking at only the minimum amount due on your credit cards and ignoring the ever-growing balance. You may throw away or delete...
Month: August 2023
Why is Chapter 13 bankruptcy called a wage earner’s plan?
When it comes to financial management, few concepts are as pivotal as bankruptcy. Chapter 13 bankruptcy is a unique and impactful solution within this realm, often called the wage earner’s plan. Below is a highlight on Chapter 13 bankruptcy, its intricacies,...
How long does it take to complete a Chapter 7 bankruptcy?
Individuals with significant personal debt and average or below-average income given their household size may qualify for Chapter 7 bankruptcy. A Chapter 7 filing is one of the fastest and most effective forms of debt relief available. The same day that someone...
Undue hardship, student loans and bankruptcy: What to know
Far too many people in the United States are drowning in debt, and a lot of that is due to student loans with outrageous interest rates. In some cases, people have paid back as much or more than they initially borrowed, without putting a dent in the principal. Prior...