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Bankruptcy

Medical debt is a common reason for bankruptcy

The paying of medical debt can seem impossible. The burden has been significant, affecting many aspects of your life. But what options are there? Bankruptcy could help you. You are among many Americans who have been hit with extreme medical debt. Your life is going...

Bankruptcy: Too many misconceptions about this helpful tool

Many people assume that they know all about bankruptcy. Actually, most know little about it. Some people jump to conclusions about the people who file for bankruptcy, judging them, mocking them and avoiding them. Well, that is a bunch of nonsense, and, in these...

Can I keep my car if I file for Chapter 7 bankruptcy?

Filing for Chapter 7 bankruptcy may be the best solution to eliminate overwhelming debts and start anew. Chapter 7 bankruptcy discharges the debts you have left after selling as much property as possible to repay the creditors. Sometimes you’ll have to make sacrifices...

U.S. credit card debt dropped by billions early this year

With U.S. unemployment still high and the economic recovery being so slow, it makes sense that households in Louisiana and around the country are cutting back their expenses. In fact, more than a year into the pandemic, it looks like Americans are being more careful...

The ‘unexpected’ benefits when filing for bankruptcy

In filing for bankruptcy, you begin taking control of your financial life. The worst part of the storm is behind you. A new beginning awaits, and a positive outcome is mostly assured. A bankruptcy usually wipes away many types of personal debt, including credit card...

Considering bankruptcy? Ask yourself these two questions

The decision to file for personal bankruptcy protection is up to the individual. Ultimately, you must decide whether bankruptcy is what you need to take care of your debt and hit the reset button on your financial problems. This is not a decision to take lightly, but...

I have decided to file for bankruptcy; now what?

Coming to terms that you need to file for bankruptcy is the first step in securing your financial freedom. You and more than 700,000 other people make this same important decision every year. But now that you've made this decision to file for bankruptcy, what comes...

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