Don’t Let Financial Problems Dominate Your Life
Subchapter V is a type of bankruptcy for small businesses facing debt problems. Unlike traditional Chapter 11 bankruptcy, which can be expensive and take a long time, Subchapter V is more straightforward and faster. To qualify, a business must meet specific rules,...
Bankruptcy terms can be unfamiliar and often misleading. However, if you’re considering filing for Chapter 7 bankruptcy, it’s crucial to know and understand the terms you’ll see, hear and read during the process. This can help successfully complete it and get a fresh...
Filing for bankruptcy is a complex undertaking. It may – very understandably – be difficult for you to fully wrap your head around a need to seek debt relief in this way. And if you have children, you may also be concerned about how to explain it to them. While you...
There is, unfortunately, a stigma around bankruptcy. This issue has persisted for a long time and continues today. People often view bankruptcy as a moral failing or as something that is entirely their fault. They may believe they shouldn’t file for bankruptcy because...
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...
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...
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...
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...
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...
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...