One of the many myths surrounding bankruptcy is that it permanently affects your credit score. While it’s true that your score can take a hit right after filing, many people are able to recover their score and end up in good standing again eventually. But how long...

If there is one thing that America is known for, it's high medical debt when people seek medical care. Medical costs are enormous, and many believe that they are out of control. Did you know that 137 million Americans are struggling with some kind of medical debt? On...

If you are at the point where you are considering filing for bankruptcy, you have likely found yourself in a significant amount of debt that you believe you cannot overcome without help. The good news is that bankruptcy may offer a way out, irrespective of your...

The modern American healthcare system is incredible in what it is capable of doing. Individuals with severe trauma such as brain injuries, as well as those with formerly fatal diseases like cancer, can seek care and treatment that can extend their life or even...

The thought alone of filing for bankruptcy is enough to kick your mind into overdrive. If you begin to listen to others, such as those who are opposed to bankruptcy, you'll face additional stress and challenges associated with the process. Bankruptcy is not a...

One of the worst parts about falling behind on payments is the number of phone calls you'll receive about it. Whether it's from the creditor or a collection agency, it can be frustrating to get calls at all hours. There is no question that calls from debt collections...

Drowning in debt creates stress for many Louisiana residents. Unfortunately, it isn't a problem that is likely to go away anytime soon. Some individuals can't manage to keep up with the minimum payments, and they think that they won't ever get out of debt. For some,...

Taking a look at your finances can be a real wake-up call. Some people don't realize just how deep in debt they are until they gather all the bills into one place. When they compare the debt to their income and add in their normal bills, such as rent or mortgage...

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. Chapter 7 bankruptcy involves the immediate discharge of unsecured debts if the courts...

Chapter 7 bankruptcy focuses on reducing and eliminating the debts of those who have low incomes or high debt-to-income ratios. With a Chapter 7 bankruptcy, you might have some of your assets liquidated in order to pay back some or all of what you owe. The good thing...