Imagine that you are in debt to the point that you are keenly aware that your creditors are calling you and mailing you. As a result, you avoid the phone when it rings and you plop your mail down on a table that conveniently stays out of your sight. For lack of a...
One of the commonly understood aspects about student debt is that it can't be discharged through bankruptcy -- unless there are extreme circumstances involved. As such, this form of debt becomes incredibly important to manage for those who have a student loan. But...
You probably know that when you file Chapter 7 bankruptcy in Louisiana, your credit card debt is wiped out; i.e., discharged. Consequently, you may think that maxing out your credit cards before filing bankruptcy is a good idea. It is not. While it is true that...
As you have dealt with overwhelming debt, you have likely looked at all your options. Once you have decided on filing for bankruptcy as your solution, you may next consider when to file. Does the timing of your filing make a difference in the outcome? The answer...
For many people all across the country -- may they be old, young, employed, or unemployed -- credit card debt will be the one cost that brings down their financial house. To keep things in order, there are a number of effective steps that you can take to prevent...
According to a report from an insolvency practice in Canada, there is a serious stigma that Canadians have with bankruptcy, to the point that most respondents were willing to do nearly anything instead of filing for bankruptcy. More than 2,000 Canadians were surveyed...
Typically when people think about debt that overwhelms an individual, they think about credit card debt or a mortgage that is too much for the person to handle. Student debt is another common reason for someone to suffer serious debt, but of course that is a...
When people get into serious trouble with their finances and the debt piles up, many will eventually turn to a bankruptcy filing. This is a huge step in anyone's life,, and it can lead to many of their debts being discharged (through Chapter 7) or reorganized into a...
If you are like many people in Louisiana, you have severe financial problems. You may have lost your job, or your salary may be far less than what it once was. In the meantime, you may have accumulated substantial debt that you now find you cannot pay. You may be...
We've written a bunch of posts over the last couple of months about the bankruptcy process and how there are some simple, effective steps you can take to progress through the filing. It is an intimidating process -- we can't deny that. Bankruptcy has a stigma and...