Don’t Let Financial Problems Dominate Your Life
If you file for bankruptcy, one of the questions you might have is if a vehicle you cosigned on will be lost as a result of your bankruptcy filing. If you cosigned on a vehicle for your child or a friend, you may worry that your bankruptcy will mean that they lose a...
There are many reasons that people fall into bankruptcy, and most of them don't have anything to do with making financial mistakes. Instead, people end up filing because of job loss, wage reduction, or medical expenses, just to name a few of the most common reasons....
Allegations of racial biases have affected many different areas of life in this country -- and the courts are no exception. Just the same, there is one thing that you may not have seen coming. A new study indicates that racial biases may be in play even in bankruptcy...
Credit cards occupy an interesting financial position. Originally, the idea was convenience. You could quickly get a “loan” when you needed money, and you just paid it back at the end of the month. You didn’t have to use a card if you didn’t want one, but it could be...
If you file for Chapter 13 bankruptcy, you will need to attend a creditor meeting. These take place between 21 and 50 days after you file. If you have spent months trying to avoid your creditors, meeting them face to face may be the last thing you want. Yet, you...
Bankruptcy can be your last resort when your personal debt levels are out of control. When you file for bankruptcy, an automatic stay will temporarily protect you from collection activity. If the entire process goes well, the courts will eventually discharge the...
When you file for personal bankruptcy, you can choose between two options. Provided your income is low enough, you could go for Chapter 7. If you earn too much to pass the means test, or if you prefer, you could opt for Chapter 13 instead. Chapter 7 can be appealing...
Many people lost their jobs last year. With job loss being one of the principal reasons people need to file for bankruptcy, it seems counterintuitive that the number of people filing for personal bankruptcy would decrease. Yet this is what United States Courts figures...
Debt can soon spiral out of control. Luckily, there is help available. Or so the TV adverts would have you believe. Debt relief can work. Yet, often all it does is leave you with even more debt and even less chance of paying. If you have debt you cannot afford to pay,...
You’ve always been able to make your mortgage payments on time, but due to losing your job for a period of time and seeing changes in your income, you’ve fallen behind. This is completely normal and is something many people in America deal with. You may have survived...