Bankruptcy

Most bankruptcies are not the result of financial recklessness. Instead, they are often caused by unexpected expenses or losses of income. Unfortunately, many people and companies feel that they have no other option than to file for bankruptcy every year. Total...

Bankruptcy is a process that helps many people clear their debts and start over financially. However, bankruptcy can be intimidating to people who do not know a lot about the process. One of the more common questions that people have is what will happen to different...

When you are unable to make your monthly mortgage payments, the lender will eventually take action in order to claim what they are due. This typically marks the beginning of the foreclosure process in which the mortgage lender seeks to resell your home. The threat of...

Chapter 13 bankruptcy may allow you to pay back your debts at a discounted rate. These plans are beneficial if you do not meet the asset requirements for a Chapter 7 bankruptcy or have property you want to keep. However, unforeseen life changes can make it challenging...

When filing for bankruptcy, one of the biggest concerns for many people is whether they will be able to keep their property. In Louisiana, debtors can protect their property with certain exemptions that go along with the bankruptcy process. State and federal...

Different types of debt exist, and it is important to understand the differences between each type. Of the types of debt, secured and unsecured debt are among the most important to fully grasp and understand. What differentiates the two? Secured debts The National...

The decision to file for bankruptcy often comes after several failed attempts to recover financial health. When filing for bankruptcy, many spouses assume they must file together, however, this is not mandatory. If you are married, it is helpful to consider your...

Although it can provide solutions for overwhelming debt, filing for bankruptcy is often a last-ditch effort for most people. However, you may need a fresh start without the cloud over your head. No matter what type of bankruptcy you file, there are several debts that...

No matter your income level or what you are spending your money on, learning about good spending habits can benefit you in multiple ways. Taking a serious look at your regular routine and asking yourself important questions is one way to help build these habits. Pause...

When crushing debt overwhelms you, bankruptcy may be appropriate for getting your finances in order. However, you may wonder if this option will complicate your life in new ways. A common concern is that bankruptcy will prevent you from finding employment or cause you...