Bankruptcy

A person who’s dealing with collection attempts in any form may realize that their finances aren’t going to support being able to pay for everything. Trying to determine where to go from there is sometimes difficult. Bankruptcy is the option that some people lean...

Retirement should be a time to enjoy yourself after a lifetime of work. You invested your money well, so life should be smooth sailing from now on. But life doesn't always go as planned, and one major medical emergency could quickly drain your savings. Why are...

Credit cards and bankruptcy are often linked, but this relationship is more complex than it might seem. Credit cards can both hinder and help someone's financial situation, depending on how they are used. For instance, reports from earlier this year indicated that...

The winter holiday season is already here – and most folks have started their shopping. However, if you’re struggling with your bills and think you may be approaching bankruptcy, you may not be feeling the usual cheer. You also need to be careful about your spending....

Filing for bankruptcy is often seen through the lens of financial numbers: debts, assets and credit scores. However, behind the paperwork lies a deeply emotional journey. For many individuals experiencing a financial pinch, the decision to file for bankruptcy is not...

Filing for bankruptcy is undeniably daunting, but it can offer several personal and lifestyle benefits that can improve your quality of life.  While it is understandable to feel disheartened by the need to pursue bankruptcy, it is critical to consider how it may...

When you file for bankruptcy, a court-appointed trustee oversees the process to make sure that both you and your creditors are fairly treated.  To that end, bankruptcy trustees are given a tremendous amount of authority – and one of the key tools at their disposal is...

Some people delay filing for bankruptcy for months. They may struggle to choose which debts to make payments on and may slowly fall farther and farther. Eventually, they may embrace the necessity of bankruptcy to re-balance the household budget. Other times, a single...

There’s no question that medical debt is one of the most common sources of serious financial distress and bankruptcy. That’s not likely to change any time soon. One thing that is changing is that it will no longer appear on Americans’ credit reports. Health care...

Money stressors play a role in the disintegration of many marriages. A third of Americans who divorced said that credit card debt in particular had played a significant role in their decision to end their relationships. But what is it that can make credit card debt so...