There are many good reasons to consider Chapter 13 bankruptcy, including the ability to catch up on your debt over the course of your repayment plan. While it's easy to focus on the benefits of a Chapter 13 bankruptcy filing, you should also learn more about some of the potential drawbacks.
There is nothing more frustrating and stressful than learning that your credit card account has been sent to collections. This will impact many areas of your finances, including your credit report and credit score.
There are several circumstances by which a third party can repossess your vehicle. After a towing company repossesses the car, the owner has up to 10 days to contact the party to obtain any personal belongings that were inside the vehicle at the time of repossession.
It's easy to lose track of how much debt you have. Unfortunately, if this happens, you'll find it difficult to steady your situation and make informed decisions regarding your financial future.
Every year, thousands of Americans rely on bankruptcy to get their finances in order. Increasingly, the most common reason why people in the United States file for bankruptcy is due to medical debt.
During your marriage, it's easy to fall into the habit of using credit cards to pay for a variety of expenses. While there's nothing wrong with this, your good intentions can soon turn into a high credit card balance.