When your finances become unmanageable to the point where you see no real way of reasonably paying them back within a few years, it may be time to explore your options. Many people who otherwise see no way to dig themselves out of debt are able to start rebuilding...
Month: October 2022
How courts liquidate assets in bankruptcy
Those considering bankruptcy often worry about the financial fallout associated with the process. Though bankruptcy can help people get a new financial start in life, many people have concerns about what will happen to their cars, home and other high-value items if...
How is credit card debt handled in bankruptcy?
Filing for bankruptcy is an option available for individuals who have no other way to pay off overwhelming debts. Under Chapter 7 or Chapter 13 bankruptcy, you can discharge eligible debts so that you have the opportunity you need to liquidate assets or form a...
How will bankruptcy impact my taxes?
If you file for bankruptcy and owe taxes to the IRS, you may wonder what will happen with that debt. You may learn that you cannot discharge all debts through bankruptcy and question if that includes taxes. The IRS explains how the court handles your taxes will depend...
What does it mean to live paycheck to paycheck?
Simply surviving nowadays often seems to require some financial acrobatics. After all, according to reporting from Time, inflation remains at near-record levels, forcing you to pay more for the items you use every day. If you do not have enough money to pay for these...
