bankruptcy

The decision to file for bankruptcy is a major one that requires careful consideration. The process can have an impact on your personal life, finances and business interests. There is a common misconception that bankruptcy is only relevant to those who have been...

Far too often, people who could really financially benefit from filing for bankruptcy don’t take advantage of this form of debt relief. Often, it’s because they fear the stigma associated with bankruptcy and the judgment of family and friends. Filing for bankruptcy is...

Debt can be overwhelming, especially if you have fallen on hard times. One of the tools consumers can use to get out of debt is bankruptcy. However, before taking this route, you attempt to find out if your debt can be discharged through the process. As far as debt...

When you talk to people who could benefit from bankruptcy but still don't want to use it, the reasons they give are often interesting. They may say they feel like they're supposed to pay their debts back and it's a bad idea not to do so, or that they don't feel...

Modern health care can do incredible things. People can survive severe brain injuries and aggressive cancer. Often, intensive and cutting-edge treatments come with premium price tags. Even those with health insurance coverage often have responsibilities for the care...

When you have a lot of debts to handle, managing the monthly finances can feel like a giant shell game -- and there’s never enough money to go around. You’re definitely not alone. In 2020, the U.S. consumer debt balance topped $800 billion, which was a 6% increase...

People in many different financial circumstances can find themselves dealing with credit or debt issues. There are several kinds of bankruptcy to address household and financial circumstances, but Chapter 7 bankruptcy for individuals can often be the fastest route to...

People who are in debt may try to avoid checking the mail or answering the phone because they worry that there will be someone demanding money from them. This is more difficult for a person who wishes they could pay the debt but simply doesn’t have the money to do so....

Bankruptcy is unfortunately common in America, but it does have its place. Bankruptcy laws allow people who are struggling with debt to get out of that debt and to be able to move forward with better financial security in most cases. Debtors can choose from several...

If you’re considering bankruptcy, one of the things you need to understand is the kind of debt you’re in. Not all debts are the same. There are two main debt categories. Those are unsecured debts and secured debts. Here’s what you need to know about them and how they...