If you are struggling in debt, one thing you may have seen is that you could find some debt relief with settlement offers. These allow you to offer a portion of the debt you owe to your creditors. A creditor can decide if they will take that offer to close your debt....
Payday loans? Title loans? Don’t fall into these traps
Money crunches happen all the time, and it can be exceptionally difficult to navigate one major financial crunch after another. When the bills keep coming in faster than your money can keep up, where do you turn? If you’re like many, you may go either the payday loan...
A balance transfer offer is not a good form of debt relief
People often get creative when trying to deal with budget problems. If you have more debt than you can pay off, any kind of temporary reprieve can feel beneficial. Credit card companies can often tempt people in to even worse debt by offering them balance transfer...
Are you too young to file for bankruptcy?
This year has been especially challenging if you are in your 20's. Aside from the restrictions on your social life, you may have needed to rely on your savings to survive. If you have only been working for a few years, you may not have had sufficient money put aside....
Reaffirmation can help you keep assets when filing for Chapter 7
When you read about the difference between Chapter 7 and Chapter 13 bankruptcies, you may see that Chapter 7 requires you to sacrifice most of your assets. However, there is a way to retain specific assets. You can do so via a reaffirmation agreement. What is a...
Why declaring bankruptcy could be good for your mental health
For many years, bankruptcy has had a social stigma placed on it. Many people have been afraid to resort to it because of what others might say. In the same way, there has long been a stigma about mental health issues, especially among men. Many people do not admit...
4 reasons to choose Chapter 13 bankruptcy over Chapter 7
You may have read that Chapter 7 bankruptcy clears many debts that Chapter 13 can only restructure. You might be wondering why you would even consider Chapter 13 if it does not get rid of your debt. Chapter 13 has certain advantages over Chapter 7 Both options come...
Have you been putting off declaring bankruptcy?
Many predicted record numbers of personal bankruptcies this year. Many businesses downsized or closed for good. Millions of workers lost their jobs. Competition for vacancies soared, and the unemployment rate reached 14%. Yet, to the surprise of many, the number of...
Protecting your physical health can destroy your financial health
Many people associate filing bankruptcy with irresponsible spending. Yet, when researchers looked into why people file for bankruptcy, they found a far more shocking truth. According to a study published in the American Journal of Public Health, two-thirds of...
How to qualify for Chapter 7 bankruptcy
It can be hard to stay on top of your finances, especially when you have recently lost your job or your income has become unstable. Sometimes, outgoings can seem like a leaking tap that just can't be turned off, while income is hard to come by. If you have found...
