Chapter 13 bankruptcy is designed to help people struggling with debt who want to repay their creditors over time. It requires you to create a repayment plan that lasts three to five years. Of course, life doesn’t always go according to plan, and circumstances can change. If you find yourself in a situation where you […]
Financial challenges can often lead people to file for bankruptcy, which provides them with some relief from the overwhelming debts and financial struggles. One question many people have when they file for bankruptcy is whether it clears their child support arrears. The answer to this question is not straightforward. It depends on the type of […]
Divorce is challenging in so many ways. Often, financial concerns are one of the most significant sources of stress in a divorce. When alimony payments add to the existing financial burden, the situation can become overwhelming. What happens when you pay alimony and must file for bankruptcy? Can alimony be discharged like other debts? Is […]
Divorces can be emotionally and financially exhausting. For couples struggling with debt, the process can get even more complicated. When your marriage is on the rocks and you’re facing financial hardship, declaring bankruptcy could be a smart decision to get back on track with your finances. But what if you’re also considering a divorce? Should […]
If you are considering filing for bankruptcy, you are probably wondering what will happen to your credit cards. A common question that many people have is whether they can keep one credit card during the bankruptcy process. While the answer depends on your unique situation, in some cases, it is possible to keep one credit […]
Debt can be overwhelming and can leave you feeling like there’s nowhere left to turn. But when it comes to settling your debts, there are different paths you can take, two of which are bankruptcy and debt settlement. It’s essential to understand the pros and cons of both options so that you can make an […]
Financial troubles are incredibly stressful, especially when you don’t have steady employment. Many people wonder if bankruptcy is a path out of financial turmoil. But can you file bankruptcy if you don’t have a job? The answer is yes, although there are some considerations to keep in mind. Here’s what you need to know. Bankruptcy […]
Deciding to file for bankruptcy can be difficult. It is a complicated process that requires careful consideration and planning, especially when it comes to spending money. If you are considering bankruptcy, you may be wondering if it’s okay to spend money before filing. Here’s what you need to know: When Is It OK To Spend […]
What are the most important questions to ask before filing for bankruptcy? If you’re considering filing for bankruptcy, you’re not alone. Hundreds of thousands of Americans file for bankruptcy every year. People who file range from those with low to moderate income struggling to make ends meet to people with significant income and/or assets and […]
If you’re considering filing for bankruptcy, you’re probably wondering if you qualify to file. The answer isn’t always simple and many factors play a role. What do you need to know? What is Bankruptcy? First things first: let’s define bankruptcy. Bankruptcy is a legal process that allows individuals or businesses to get relief from some […]
