Don’t Let Financial Problems Dominate Your Life
With Chapter 7 bankruptcy, all debt is typically not repaid. People just liquidate their non-exempt assets. However much money this creates is used to pay back a portion to creditors. But the rest of the assets are exempt, so there are no more funds, and the remaining...
If you’re facing a significant amount of debt, one way to address it may be through filing for bankruptcy. This is a legal tool that can reduce or eliminate much of your debt. As you begin researching your options, you may hear about something called “wage earner’s”...
If you are Black, you have likely experienced racial prejudice in various aspects of your life. One area you might not have expected it to come into play is when filing for bankruptcy. However, Massachusetts Institute of Technology research shows it can be a problem...
Concern about losing high-value assets may lead an individual to file for bankruptcy. Those who are at risk of losing their most valuable resources may decide to take assertive action to correct their financial circumstances. Anyone who has missed multiple mortgage...
Sometimes, life throws unexpected financial challenges your way. For many people, these challenges can pile up all at once: mortgage payments, credit card bills and unexpected medical expenses. At some point, the debt can become overwhelming, even if you have a steady...
Staying compliant with a mortgage is crucial for the protection of a primary residence, which typically serves as the collateral for the loan used to pay for it. The terms of a mortgage include an obligation to make regular payments. Standard 30-year mortgages require...
Bankruptcy is a tool that you can use when there is an issue regarding your income-to-debt ratio. The debt that you took on may have seemed affordable at the time, but something has changed. Perhaps you lost your job or saw a reduction in your income, so that debt...
Are you considering filing for Chapter 13 bankruptcy within the next few months to start the new year off on a more solid financial footing? That’s a good New Year’s resolution. However, you may have some concerns and questions about what this will do to your holiday...
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,...
Individuals considering bankruptcy will usually file for either Chapter 7 or Chapter 13 bankruptcy unless they have a small business or run a family farm. Those with below-average income or few personal resources may choose Chapter 7 bankruptcy to benefit from a...