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Can you file bankruptcy twice?

Life is nothing if not unpredictable, and you can’t control much of what happens to you. Even if you’re very prudent with your finances, a job loss, a withering economy, divorce or an illness in the family can all send your debt spiraling out of control. Years ago,...

Can you get an FHA loan after bankruptcy?

If you are considering bankruptcy, one of the things you might be weighing is the risk of being unable to take out a home loan if you try bankruptcy rather than other debt-resolution methods. It is possible to take out a Federal Housing Administration loan after...

How do debts get discharged in bankruptcy?

If you are contemplating filing for bankruptcy, you may wonder what happens to your debts when your bankruptcy is finalized. They don’t magically disappear, unfortunately. Your creditors are the ones who must absorb the hit. The good news is that most business models...