There are hundreds of ways to find yourself overwhelmed with debt, and the longer that it piles up, the more difficult it is to maintain a clear perspective. Often, the stress of financial debts clouds our minds and grinds our motivation to a halt, paralyzing us into...
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Bankruptcy
Here are the top benefits of Chapter 7 bankruptcy
If you find yourself in financial distress with concerns about your future, it may be time to learn more about Chapter 7 bankruptcy. It's not the best solution for everyone, but it's something to consider. After you learn more, you can then make a final decision as to...
Bankruptcy vocabulary: Do you know these 3 terms?
When it comes to learning any new topic, vocabulary is key. After all, if you know the "lingo," you won't be caught off-guard when your bankruptcy attorney or the bankruptcy judge refers to different important topics.Ultimately, learning all the terms you need to know...
How medical debt can push you into bankruptcy
You have always carefully watched your financial decisions. You limited credit card debt to only what you could pay off during the month. You bought a house that cost far less than you could actually afford. You bought a used car with your savings so you would not...
What property is exempt from a Chapter 7 bankruptcy?
Personal bankruptcy protections serve as an important resource for individuals struggling with debt who are seeking a fresh start. Chapter 7 bankruptcy is one type of personal bankruptcy that may allow the filing party to liquidate their assets to repay creditors.It...
Top reasons to file for Chapter 7 bankruptcy
Are you beginning to realize that your financial situation is more serious than you once thought? If you find yourself searching for answers but never making progress, you'll want to learn more about Chapter 7 bankruptcy.Even though it's a last resort for most people,...
Phony debt collectors are on the prowl this tax season
Tax season is the time of year when debt collection scams peak and countless individuals are duped out of their hard-earned money. While phony debt collectors are nothing new, this year seems to be particularly troublesome with scams hitting unprecedented numbers....
What are the most common reasons for declaring bankruptcy?
Filing for Chapter 7 bankruptcy is different for everyone. Every bankruptcy case has its own unique circumstances. After all, there are many different factors that can prompt someone to go bankrupt.Because bankruptcy is surrounded by such a powerful negative stigma,...
Why student debt is nearly impossible to discharge in bankruptcy
If you research Chapter 7 bankruptcy, you may come across the confusing fact that student loan debt is not dischargeable except under narrow conditions. Especially if you aren’t able to pay your student loan bills, this may seem unreasonable, but this is a...
When bad things happen to good people
John Smith (not his real name) began to receive collection phone calls after he went from a two-income household down to a one-income one. Then, John lost his job when his employer needed to reorganize. If that wasn’t bad enough, his wife took his hunting dog...