While divorce can be an exciting fresh start, it’s also a big change both personally and financially. For some divorcees, these changes can be overwhelming. New financial circumstances and spending habits can be difficult to get used to, and many divorcees end up in...
Month: March 2024
What happens to a financed vehicle during bankruptcy?
Financing a major purchase can be a realistic solution for modern needs. Most people do not have enough capital set aside in their savings accounts to outright purchase a new vehicle if they get into a crash or their current transportation suddenly stops working....
Debt can get worse, even when making payments
Credit cards often come with a minimum payment. The user is not required to pay off the whole balance every month. The minimum payment tells them the smallest amount that they need to pay to be allowed to keep their account. But some people make the mistake of...
What Chapter 7 filers should know about the means test
If you want to get your financial slate wiped clean, filing for Chapter 7 bankruptcy is one way to do so. However, this option will not be available to all filers. Specifically, those with higher incomes generally do not qualify for filing for bankruptcy under Chapter...