People may decide to file for bankruptcy for a variety of different reasons. Divorce and unexpected job loss are both common reasons that people file for bankruptcy. Medical debt can also leave people unable to meet their financial obligations. Bankruptcy can provide...
When people talk about filing for personal bankruptcy, their primary concern is often how doing so will help them resolve their financial situation and rescue their credit score. Bankruptcy can have other benefits that many would argue are even more important than the...
If you’re struggling with debt, there’s a chance you’ll start missing payments. Maybe you have a limited income, so you’re missing credit card payments because all you can afford is to pay the mortgage. When you have to make choices, something has to go unpaid. Often,...
There are many people who struggle to even think about filing for bankruptcy. Instead, they think that they have an obligation to pay off their debts. They believe that the bankruptcy is their own fault, and so they’re hesitant to take that step. In many cases,...
Filing for bankruptcy can feel like hitting a financial reset button—with the significant caveat that it does take a temporary hit on a filer’s credit. Thankfully, if you have recently filed for bankruptcy or expect to file soon, there are practical steps you can take...
Filing for Chapter 13 bankruptcy lets you repay your debts through a court-approved plan over three to five years. If this is your first time going through bankruptcy, you might ask; “Who sets that payment plan?” More importantly, what happens if you miss a payment?...
Medical and credit card debt are two leading causes of financial strain on American families. These types of debt are often unexpected and hard to recover from, even for families with very few expenses. Some families can pay off their debts by sticking to a budget for...
Parents who are thinking about filing for bankruptcy may understandably worry about how the process might affect their children. While the financial consequences of bankruptcy are real, negative emotional and practical impacts of this process on your kids are not...
Everyone goes through tough times, but it seems some people get hit a little bit harder. Misfortune after misfortune can make it hard to keep their head above water. For these people, bankruptcy may seem like the best option, but knowing which type of bankruptcy to...
Going through a divorce is never easy, especially when financial stress is already part of the picture. When bankruptcy enters the equation, things can quickly become more complicated. You might be wondering how filing for bankruptcy will impact the assets you worked...
