If you have decided to file personal bankruptcy to get out of debt, there are many steps you need to take before you complete this process and get a fresh financial start. One of these involves finishing pre-bankruptcy credit counseling before you file. According to...
General Bankruptcy
Getting out of debt in the new year
For many, the coming of the new year represents a chance to better themselves or complete oft-ignored projects. People make lists about new workout routines, plans for an upcoming road trip vacation or goals to write that novel they’ve been thinking about. While these...
Can bankruptcy protect you from debt collectors?
Falling into debt without a doubt serves as one of the most stressful financial - and overall life - experiences that anyone can go through. It helps in this time to understand all potential options available, including bankruptcy. In addition to alleviating the...
What issues may cause bankruptcy litigation?
Filing for bankruptcy may prove beneficial to your financial future. In some cases, however, other issues arise during the process that throws you into litigation. Bankruptcy litigation is not common, but it can happen. Typically, it means that an interested party...
Americans to consider bankruptcy
The U.S. Census Bureau's data revealed that many U.S. households had trouble affording medical care. As noted on Census.gov, almost 20% of the respondents to a 2017 survey admitted that they could not pay the initial costs to receive treatment when they needed it. In...
How may bankruptcy affect my employment and future job prospects?
Federal laws protect your right to remain in your current position regardless of your financial status. As noted by the Society for Human Resource Management, the U.S. Bankruptcy Code's section 525(b) prohibits private employers from firing or discriminating against...
How soon after bankruptcy may I begin repairing my credit?
Common myths regarding bankruptcy include the inability to apply for new loans or credit cards. Although bankruptcy stays on your credit report for up to 10 years, you may begin repairing your credit as soon as you feel ready. As noted by Bankrate.com, building a...
What happens to pets during bankruptcy?
Caring for a pet can be expensive. In fact, according to a 2017 estimate from the American Kennel Club, the cost of raising a dog from a puppy through adulthood is approximately $15,000. If your animal has specific needs or health issues, you may pay thousands of...
3 myths about filing for personal bankruptcy
If you are like many Americans, you may view bankruptcy as an absolute last resort. From feelings of personal failure to anxiety over losing your home or car, fear may keep you from even considering the option. In fact, financial analysts have found that only a...
Deferred payments may not avoid the need for a bankruptcy filing
Many Americans contact the companies servicing their secured and unsecured debts when they experience hardships. Borrowers often choose to apply for a temporary pause in monthly payments to get through an unexpected financial issue. As reported by CNBC, more than 25%...
