As with any form of bankruptcy, Chapter 13 has numerous positive and negative aspects to it. The filer needs to qualify for Chapter 13 first, which has strict income rules, but if you do qualify for Chapter 13 and the repayment plan that it offers, it could make it...
People who are considering or have filed for bankruptcy will naturally have many questions about the process. How do I file? What can I expect in the weeks that follow my filing? What new responsibilities will I have in the wake of a filing? What do the different...
Closing on a home is one of the greatest moments in some people's lives. They imagine having family and friends under the roof, and bringing babies home to the home. When financial hardship results in the foreclosure of a home, it can be heartbreaking. Victims of...
Some people associate a stigma with bankruptcy. Even those whose financial situations completely justify the need to file for bankruptcy can feel upset about going through the process. Why does the shame and stigma exist? Perhaps it has something to do with some...
Bankruptcy carries many stigmas with it. People view bankruptcy in a certain way and they have been conditioned to think of bankruptcy as the desperate last act of an irresponsible person. However, this is a myth. Many of the preconceived notions that people have...
If you are considering filing for bankruptcy, you may be dealing with enormous stress. For many people in the Alexandria, LA, area, the ability to continue working and functioning ranks among top concerns. Commuting to work, taking children to and from school,...
Bankruptcy can be incredibly helpful for those in debt. But we aren't naive -- it isn't a fun process. Going through bankruptcy can take time, while also taking an emotional toll on you. If you take the necessary steps and work hard at it, though, then you can come...
Credit cards are tempting and devious tools. They seemingly offer "free" money, but of course that isn't true. It is simply that a credit card offers us the chance to make a big purchase when we don't necessarily have the cash on hand for it, delaying the moment when...
From a news standpoint, sources tend to group all states together in economic reports. Reports might say, "The U.S. economy is stronger than it has been in a decade." Or, as one recent report says, "The residential foreclosure rate has been below pre-recession...
Life rarely goes in a straight line. There are so many twists, turns and unexpected events that make life maddening -- and invigorating. But when it comes to your finances, the last thing you want is for unexpected events to disrupt your routine and financial...