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...
Chapter 7
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...
Chapter 7 filings likely to increase in Texas
There is nothing shameful about the bankruptcy process. Every year, thousands of people throughout Texas use bankruptcy to discharge their debts and start fresh. In fact, the number of people filing Chapter 7 is likely to increase significantly in the second half of...