Many people feel like they'll be in debt until they die. Indeed, nearly 75 percent of people die with some debt. Let's look at what happens to your debt when you're no longer around.
Overall throughout the U.S., the number of foreclosure filings fell during the first half of the year. The total number was down over 296,000 from the first six months of 2018. That's an 18% drop in a year and a whopping 82% decrease from 2010. Those numbers are from ATTOM Data Solutions, which recently published its Midyear 2019 U.S. Foreclosure Market Report.
If you have found yourself struggling to keep your debt under control, bankruptcy may seem increasingly appealing. Chapter 7 bankruptcy, in particular, offers a host of benefits for those struggling with overwhelming debt.
If you've got a child going off to college this fall, you'll be interested in -- and perhaps alarmed by -- this statistic: 36% of college students in this country report that they have over $1,000 in credit card debt. That's according to a recent survey by AIG and EVERFI.
If all you did was take a passing glance, you might start to think that Chapter 7 bankruptcy is more beneficial for the average person in Louisiana then Chapter 13 bankruptcy.
If you are considering bankruptcy, you likely don't have substantial balances in your bank accounts. However, you may have one or more retirement accounts in which you've managed to save a fair amount of money over the years.