When you decide to pursue bankruptcy, you have the option of filing as an individual or filing a joint petition if you are married. When you file jointly, the bankruptcy court reviews both your credit history and the credit history of your spouse, and makes their decision about your bankruptcy based on information from the […]
Zombie debt. It’s a term that sounds scary and it’s used to describe a phenomenon that can be scary for someone who believes a debt to be a thing of the past. How does a debt come back to life – like a zombie? In the credit world, debts are often sold to third-party financial […]
Filing for bankruptcy is a big step and one of the reasons people postpone the process is because they are scared to make a mistake. For good reason, too. Submitting incomplete or misleading information when you file for bankruptcy can result in rejection of your bankruptcy request. This is true even if your mistake was […]
Bankruptcy is a major life changing event. Though it might not seem like it at first, it is a positive step in the right direction. It’s a commitment, not only to yourself to build a brighter financial future, but to the bankruptcy court and your creditors. And like all big commitments, there are guidelines and […]
Bankruptcy is considered a dreaded financial decision by many, but the truth is it can improve your life if you are currently experiencing a financial crisis. Bankruptcy is a tool available to help you improve your situation. It can take a bad situation and make it better, and give you the resources needed to get […]
One of the most intimidating things about bankruptcy is not knowing exactly what to expect. Feeling prepared for your bankruptcy journey and understanding your responsibilities in advance can put you at ease and make the process much easier. Preparation can also make things go smoothly and help you focus on the benefits of filing. Bankruptcy […]
Bankruptcy is viewed by many as a last resort – something they do when there are no other options and they are faced with the direst of consequences caused by their financial struggles. Most people also believe their credit scores will suffer when they file for bankruptcy and many choose to postpone filing because they […]
If you are struggling financially and dreading the holiday season, you are not alone. This can be the toughest time of year for anyone who has fallen behind in bill payments and is facing financial challenges. Luckily, there are things you can do to make the holiday season easier, and to set yourself up for […]
For many people, filing for bankruptcy is a last resort – something they would consider if no other option were available. The truth is bankruptcy is a tool that can be useful helping you with financial challenges, especially foreclosure. You don’t need to wait until you are desperate to consider how bankruptcy might help you. […]
Just about anyone can find themselves in financial turmoil and be forced to file for bankruptcy, but there are some circumstances that make a person more prone to filing. A variety of factors can lead to financial struggles, but if you are dealing with any of these three types of debt, you could be a […]
