Bankruptcy

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Bankruptcy FAQ

Personal Bankruptcy

Who files for bankruptcy? A wide range of people

You have heard cliches about who files for bankruptcy time and time again. But many different types of people wind up filing for bankruptcy in a move that will change their lives for the better. Why will doing so improve things? Because they ensure that they will gain...

Possible adversity tied to debt consolidation loans

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...

What are the different kinds of personal bankruptcy?

It is never easy to concede that it might be time to declare bankruptcy. The American dream seems to be open only to people not weighed down with unmanageable personal debts. But this is far from the case. Bankruptcy is supposed to be a fresh start that lets people...

Which types of debts are the most stressful?

If you're finding yourself dealing with a significant amount of debt, you know how stressful it can be. However, some kinds of debt have a greater impact on our quality of life than others. A study published by The Motley Fool found that 83% of people without debt...

What is ‘zombie debt?’

No, "zombie debt" does not refer to the credit card balances owed by characters on The Walking Dead. It's debt that is, like zombies, dead. It's no longer owed. That may be because the statute of limitations for collecting it has passed, it's been discharged in...

Did your wedding put you in debt? You’re not alone

You always dreamed of a big, old-fashioned southern wedding -- or maybe that was your spouse's lifelong fantasy. Regardless of whose idea it was, you ended up tens of thousands of dollars in debt for the big day. You're not alone. In a recent survey by Lending Tree,...

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