Reaffirming debts can make a bad situation worse. Reaffirming a debt can help you manage your financial situation, but it’s not a fix-all. In some cases, it can lead to a great deal of stress and make a bad situation worse. How do you know reaffirming a debt is the right option? There are a […]
Bankruptcy and Foreclosure: This Chapter 13 Solution May Help Everyday people receive notice of pending foreclosure on their home. Even if they’ve done everything they can to keep their payments in good standing, keeping up can be difficult. If you own a home, you already know how difficult it can be to afford to pay […]
Healthcare Bills and Bankruptcy Medical bills are one of the primary causes of bankruptcy. Whether you’re dealing with a chronic illness and over time the cost has ballooned, or you experienced an unexpected health emergency, medical expenses can be astronomical and throw even the most conservative financial plan off track. Many people dealing with financial […]
Is Chapter 13 Bankruptcy is Right for Me? Bankruptcy is a big decision and it’s the first of a few you’ll make when you decide to file. Choosing which type of bankruptcy – Chapter 7 or Chapter 13 – will be one of the most important choices you’ll make during the process. How do you […]
Bankruptcy Fraud Frequently Asked Questions Bankruptcy can be denied for a variety of reasons and fraud is one of the most common. Any time the court suspects someone has attempted to hide assets or income or has not been 100 percent transparent regarding their financial situation, they can dismiss the case with accusations of fraud. […]
Chapter 13 Bankruptcy Payments Chapter 13 provides an opportunity to repair your situation life and get things back on track. It’s often referred to as “wage earners’ bankruptcy” because it’s only an option for those who have an income and can afford to make payments toward their debts. Instead of out-and-out discharging all of your […]
Ignoring Debt Is Not a Solution There are many problems in life that ignored will go away. Unfortunately, debt is not one of them. Ignoring your debt will cause your situation to get worse and the longer you hide from it the less likely it is to go away. So why do people think ignoring […]
A long time ago there was such a thing as debtors’ prison. Anyone who didn’t pay their bills could end up spending time behind bars. Today, the average person faces only financial repercussions for unpaid debts. These can be fairly extreme – wage garnishment, seizing of bank accounts, liens on property – but rarely does […]
Chances are if you’ve filed for bankruptcy in the last few weeks or months – maybe even years – it’s been awhile since you’ve felt good about your financial situation. Long-term stress over money can be difficult, and even the slightest good news can lift your spirits. Something like getting a raise in your wages, […]
Most people enter bankruptcy with a bit of skepticism and a decent amount of fear. They are scared of the unknown and not completely convinced this solution is really going to help them. After all, they’ve likely struggled for months or more with financial problems and the idea that deciding to file for bankruptcy is […]
