Bankruptcy

There are many misconceptions about financial hardship. For example, a common myth is that everyone in debt has spent recklessly. The unfortunate reality is that tens of millions of Americans are currently struggling to get by financially.  When faced with debts,...

Filing for bankruptcy will negatively impact your credit score, making it challenging to obtain credit or get favorable interest rates for a time. This can have significant implications for your financial future. Fortunately, you can take steps to rebuild your...

Filing for bankruptcy is a complex process that can provide much-needed relief from overwhelming debt. However, making mistakes during this process can lead to severe consequences.  Here are some common mistakes to avoid when filing for bankruptcy. 1. Failing to...

Declaring bankruptcy has had a negative connotation for years. Historically, society has viewed people who filed for bankruptcy as "irresponsible." And this stigma has caused many people who deserve a fresh start to miss out on their constitutional right. Yet, since...

Social stigma around bankruptcy makes many people delay filing for bankruptcy when they might otherwise benefit from financial relief. People struggling with high levels of debt or a sudden drop in their household income may not be able to correct their financial...

From many different important metrics, the U.S. economy has been doing well lately – but the experience of the average consumer isn’t necessarily reflective of that perspective.  In general, housing costs are soaring, fuel costs have stayed elevated for a while and...

For most people, saving for retirement is a career-long effort. Unfortunately, if you face financial struggles, you may wonder whether that savings is in jeopardy. Will you have to use your retirement savings to pay your debts? Is bankruptcy an option in your...

Many people who file for bankruptcy do so – at least in part – because their credit card debt has gotten out of control. It may not be the only debt that they have. They could also be facing things like medical debts, mortgage loans, car loans, student loans and much...

Does it seem like life has gotten incredibly expensive these days? Are you struggling to balance your income and bills? You’re far from alone. According to the latest data, roughly 59% of consumers in the United States are living paycheck to paycheck – including 42%...

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...