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Avoiding Bankruptcy Archives

Essential Tips to Avoiding Bankruptcy

Retail shopping has become a common phenomenon in Miami. The widespread mushrooming of shopping malls in every corner can only be attributed to the high purchasing power of the residents. However, it is advisable to cut down on your shopping spree to limit the credit crunch and avoid bankruptcy. By complying with basic guidelines, you are assured of a healthy financial recovery. Nevertheless, most clients still indulge in the random shopping trips only to end up bankrupt. In such a case, applying for a debt settlement program might seem more appealing than filing for bankruptcy. However, it is advisable to enlist the services of a Miami bankruptcy lawyer to guide you through each step.

When is a student loan really a student loan for bankruptcy purposes?

As most people who have invested in their education are already painfully aware, the ability to discharge student loans under the U.S. Bankruptcy Code is extremely difficult. That's because in order to eliminate this type of debt, it must be shown that the loan poses an "undue hardship" to the borrower.

What you can do when debt becomes unmanageable

When you find yourself in dire financial straits, you may start to wonder how it was that you ended up in this predicament. While things may have always been tight moneywise, you are now suddenly faced with mounting debt and a bank account that's rapidly depleting despite your best efforts.

Are we starting to get back into credit card-related trouble?

Given that CardHub is a national credit card comparison website, readers might willingly posit a bit of credence in statements made by its officials about the national economy. After all, they are insiders in an industry that tracks Americans' spending and debt-accumulation habits like no other.

When the writing's on the wall: signs of serious debt problems

If you find yourself steadily slipping into deeper debt for one or several reasons, it makes eminent sense to consult with a counseling professional. Indeed, most people in Florida and throughout the country can find a nonprofit counseling organization that might be able to lend a hand without much of a problem.

Student debt in Florida, nationally: slippery slope for millions

Student debt is indeed a strange animal. On the one hand, it is a flat necessity for millions of people across the country, including in Florida, with students willingly taking on debt and perceiving it as a prime catalyst that helps fuel their dreams.

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