Bankruptcy
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Bankruptcy FAQ
At any given moment, many people are considering bankruptcy. They do so for a variety of reasons, such as job loss, medical debt and crippling credit card bills. However, some feel tempted to dip into one last account, their retirement account, before they meet with...
Debt can pile up in an instant, and all it takes is a major life event for your debt to run out of control. Purchasing a new car or home may be too much too quick, and as a result, your bank account runs dry. You may have a lot of student debt that drains your...
The discharge process is one of the most important aspects of a Chapter 7 bankruptcy. It allows those that have debt to use the bankruptcy process to eliminate -- or discharge -- some of those debts from their record. Liquidation goes a long way towards eliminating...
The phrase "wage garnishment" gets thrown around quite often when the topic of debt or bankruptcy comes up. This is because some creditors will pursue debts that you owe, and when you fail to pay, they take legal action. Wage garnishment is the legal process by which...
Getting constant calls from debt collectors in Louisiana can really take its toll. You may even receive them at work or they may call your relatives, trying to get information about you. It can be a very frustrating situation. Even if you know you owe the debt, you...
Due to a variety of forces, many people end up in outstanding debt. In the state of Louisiana, the average student loan debt was $26,865 in 2015. Those numbers come courtesy of a report published in USA Today. One of the most frightening aspects of too much...
If you have ever found yourself in a position where you need more cash on hand, you might have felt tempted to utilize a payday loan. Payday loans are small cash loans you can secure ahead of your paycheck, as long as you agree to repay the loan once you receive...
In our last post, we talked about avoiding debt in the first place. This is a means of never having to deal with a bankruptcy filing, which is obviously the preferred way to go through life. However, not every person gets to live that life. Some honest, hard-working...
A lot of the focus of this blog is on bankruptcy, meaning that we are talking about a legal process that already assumes you are buried under a lot of debt. But of course, there is something even better than filing for bankruptcy to clear out your debts, and that is...
If you haven't heard of the Public Service Loan Forgiveness program, that's okay. It was created a decade ago for people who work for the government or for a non-profit. The purpose of the program was to allow these workers to clear out their student debts if they had...