It's up to you whether or not to file for Chapter 7 or Chapter 13 bankruptcy. Your choice can have serious consequences for your financial future, as well as your peace of mind. Before deciding if personal bankruptcy is the right decision for getting rid of your debt,...
2020 has been a year of trials. From lockdown measures to soaring unemployment, Americans the country over are looking for ways to turn their financial futures around in the new year. What many Americans do not consider is filing for bankruptcy. Despite its negative...
If you are among the 45 million Americans with student loan debt, you may have no easy way to pay it off. The average person has a balance of around $33,000, which can take 10 to 30 years to pay off – in ideal conditions. Yet, your income, employment status or other...
One of the many myths surrounding bankruptcy is that it permanently affects your credit score. While it’s true that your score can take a hit right after filing, many people are able to recover their score and end up in good standing again eventually. But how long...
There’s no getting around it – while bankruptcy provides relief from debt and the chance at a fresh start, it isn’t without its setbacks. Depending on which chapter of bankruptcy you file, it can remain on your credit report for seven to 10 years. In addition to this...
To many, the only thing worse than living with overwhelming debt is the idea of having to file bankruptcy. Bankruptcy doesn’t have the best reputation – most people associate the process with financial ruin. However, while it is a significant financial decision, the...
Falling into debt can happen to anyone. Sometimes it takes just one high medical bill or the loss of a job to send people into overwhelming situations. In these tough financial times, many people get behind on mortgage payments that can threaten their home. When...
Upon experiencing dire financial straits, it's not uncommon for Louisiana residents to consider a variety of outlets for relief. In some cases, similar concerns could leave a person wondering if debt consolidation might be viable. Certain risks are associated with...
We all know that mass amounts of debt don't pop up out of the blue. Instead, many minor complications (running up credit card debt and missing or only making minimum payments) or a major event (divorce, job loss, medical bills) cause extreme debt. If you decide to...
No one plans on going into debt during their lifetime. Yet, emergencies, living expenses and credit card overuse have caused many Louisiana residents to end up indebted. If you’re among these ranks, debt’s economic strain has likely taken a toll on you. But it can...
