Bankruptcy
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Bankruptcy FAQ
Having a large amount of debt is undeniably overwhelming, and if you are among the many Americans who are finding themselves in this position, know that you are not alone. Medical bills often have the capacity to catapult even the most financially responsible people...
Filing for bankruptcy is a big step in any person's life. It doesn't matter how sure you are going into the bankruptcy -- because you will still have plenty of questions, and probably some fears too. So it is best to get as much information as you possibly can before...
Chapter 13 bankruptcy is one of the two most common forms of personal bankruptcy. Many people use Chapter 7 bankruptcy. This forms requires a means test to be passed. If you earn too much then you won't qualify for Chapter 7. Chapter 13 is a great option for those who...
Perhaps the only thing harder than facing bankruptcy is facing divorce along with it. What are you to do when your savings account ends the same time as your marriage does? Does it make a difference which event you handle first? Yes, it does. Whether you should file...
Personal bankruptcy filings have been on a steep decline in the last six years, and that's a great sign for many Americans across the country that have been in -- and know -- stressful financial situations. In the last six years, personal bankruptcy rates have dropped...
People can be in a good financial position and still lose control of it very quickly. Consider this: you have been working hard and saving up for months on end. After accruing a solid amount of savings, you prepare to make a big purchase. But all of a sudden, your car...
The Federal Reserve Bank of New York released new information recently that shows that American households have now surpassed the 2008 level of debt. In that fateful year, households accumulated a peak of roughly $12.68 trillion in debt. Today, that number sits around...
If you are in over your head financially and struggling to make ends meet in Louisiana, you may be tired of wondering if you are going to lose your house and cars. You may find yourself wondering if debt relief/consolidation is a better option for you than bankruptcy....
In the last few weeks, we've written a few posts about what happens during the bankruptcy process and how you need to react to each step. We talked about the timeline of bankruptcy, and we also touched on the many myths that exist in relation to bankruptcy. Today, we...
When debt becomes smothering and overwhelming, calls from creditors haunt your dreams and you cannot see a way out of the financial situation you are in, bankruptcy can provide hope for a brighter financial future, no matter where you start. Many fear the stigma...