When people think about bankruptcy, they usually focus on the financial aspects, such as debt, assets, income and credit scores. But for many people, the emotional side of filing for bankruptcy can be just as significant. Debt doesn’t just affect your bank account. It...
People who are considering bankruptcy often look forward to the financial freedom that will come, but they may also have some concerns about how the filing will impact their lives. One question that often comes up has to do with the assets they’ve accumulated. When a...
People who need to file for bankruptcy are often dealing with frequent contact from creditors. This can be stressful and disheartening, especially for those who know they need to pay their bills but simply don’t have the ability to do so. If you’re in this position...
Filing for bankruptcy can be an emotional experience for parents, and many – very understandably – struggle with whether and how to talk to their children about their situation. Bankruptcy can affect a family's routines, housing and lifestyle, depending on...
Bankruptcy can be very helpful, but many people worry about the impact of seeking financial relief. They know that bankruptcy can force the closure of their revolving lines of credit. They may also be worried about their eligibility for credit in the future. For many...
If you are facing debt in Florida, understanding the two types of loans is paramount. The difference between secured and unsecured debts impacts your risk, payment terms and options under bankruptcy. Collateral as the key distinction Secured debts involve collateral....
Nobody plans to fall ill or get seriously injured. And even with health insurance, co-pays and other out-of-pocket expenses can run into the thousands or tens of thousands of dollars. These unexpected medical bills are one of the most common causes of financial...
Realizing that you can’t keep up with payments on your credit accounts may spur you into taking action. One possible option is filing for bankruptcy, which is a court-based option for taking control of your finances. Many people who file for bankruptcy look into how...
Car loans are starting to become a problem for some subprime borrowers. While borrowers with the highest credit scores are not defaulting on their loans as often, subprime borrowers certainly are. In fact, some reports from Reuters claim that October saw an increase...
There are several different types of bankruptcy, and they each impose different requirements on filers. Chapter 7 bankruptcy is one of the more popular options. Chapter 7 bankruptcy is a relatively rapid form of bankruptcy that people can complete within a few months...
