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...
Divorce can create intense financial pressure on otherwise successful individuals. The cost of divorce, the need to provide support and the division of property can all significantly alter an individual’s economic circumstances. A recent divorce is one of the more...
Filing bankruptcy is a way that you can reclaim control of your finances, but it isn’t a magical tool that will suddenly make everything change. Instead, you’re going to have to do some work so you can rebuild your creditworthiness after the bankruptcy is over. One...
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...
Many people refer to Chapter 13 bankruptcy as a wage earner’s plan. The person filing for bankruptcy is not subject to the same strict income limits as people pursuing Chapter 7 bankruptcy. Filers also do not risk the liquidation of their property as part of the...
Like many people in the United States these days, you may have come to rely on your credit card for many things. If you know you need to file for bankruptcy, you may be concerned about whether you will ever be able to get a credit card again. While it will depend on...
You are worried that your house is going to go into foreclosure. You are well aware that you have missed at least one mortgage payment. The lender has been asking for payment, and you know that they could start the foreclosure proceedings if you repeatedly miss paying...
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...
Having someone cosign for a car loan is sometimes the only way people can get one. One example is a young driver having a family member cosign because they have not yet built sufficient credit history to get a loan on their own. Things can happen, however, that make...
