Bankruptcy

The decision to file for bankruptcy can be hard to make. However, it is sometimes a necessity and the ideal solution to your problems. The best part about it is that you will get the rare chance of rebuilding your finances and getting back on your feet. When the dust...

Sometimes, taking on debt is necessary. You have more expenses than you anticipated for the month, or your income drops unexpectedly. Having revolving credit or a personal loan can allow you to pay your bills. Unfortunately, credit is easy to access and to misuse. A...

During your college years, you most likely built up a ton of debt (unless you were given grants and awards). This debt can bite you hard once you graduate and you’re probably looking for ways to reduce it the best you can –  before you’re hit with interest.  While...

The advances in modern medicine in recent decades have been truly impressive. Conditions that were once a death sentence now respond to treatment. From childhood cancers to HIV/AIDS, there are more medical options for people with potentially fatal health issues than...

Filing for bankruptcy means that your finances are not in order, and you cannot meet your financial obligations. For this reason, your credit rating is probably already damaged even before you file for bankruptcy. However, it is possible to rebuild your credit rating...

There's a knock on your door, and the stranger standing there seems to know your name. When you confirm who you are, they hand you a packet of paperwork. They just served you with legal notice of a pending lawsuit. Even if you avoid answering your door when strangers...

Many people with financial issues delay filing for bankruptcy even if it would help. They may worry about the social stigma or that they will lose most of their personal property. The myth that people must give up or sell all of their possessions has a basis in...

Personal debt has a way of snowballing even when people think they have control over their finances. Eventually, the climbing balance on their credit cards or an unexpected hospital bill will stretch their budget too thin, leaving them unable to make all of their...

When you learned about bankruptcy in the past, it was likely with the understanding that it would lead to the liquidation of your assets. For many people, the idea of liquidating the items they own actually prevents them from filing for bankruptcy when they could...

Despite all of the upheaval in the last couple of years, personal bankruptcies have been on the decline. In fact, personal bankruptcies fell almost 30% in 2020 from the year before. Unfortunately, that may soon change. Industry professionals are predicting that there...