Debt resolution is often necessary for those needing a fresh financial start. However, it is essential to note that not all bankruptcy filings go according to plan. Sometimes courts dismiss bankruptcy cases, leaving borrowers in a difficult position. As you consider...
General Bankruptcy
How may bankruptcy protect retirement accounts?
Financial problems can strike anyone, even people in their older age. As someone nearing retirement, you may worry about creditors claiming your retirement accounts. Fortunately, senior citizens can avail themselves of the bankruptcy system and possibly hold on to...
What are some fraudulent debts in bankruptcy?
One way bankruptcy helps people in dire financial straits is by discharging certain debts. This means you are not obligated to pay them off. However, judges will not allow the discharge of debt if they suspect the debts are fraudulent or that the debtor is trying to...
How to rebuild your credit score after money problems
Credit scores are a vital part of determining access to rental properties, financing and even insurance. Employers often run credit checks during the hiring process as well. Facing financial challenges can lead to poor credit score, which can interfere with your...
Most common reasons people need to file for bankruptcy
Filing for bankruptcy is a significant financial decision that individuals may undertake when they are unable to repay their debts. Here are some of the reasons people decide to file for bankruptcy. Medical expenses and healthcare costs One of the leading causes of...
Data shows an increase in Chapter 13 filings
If you are considering filing for Chapter 13 bankruptcy, it is critical to thoroughly go over your options. If you come to the conclusion that this strategy makes the most sense, make sure you approach the process carefully. Moreover, do not let negative emotions or...
How can you juggle credit card debt in times of recession?
If you are like most Americans, you have at least one credit card. Most have multiple credit cards and a significant amount of debt. During a recession, credit can be beneficial, but it can also get out of control quickly. Understanding how to handle credit card debt...
Bankruptcy and mental health: how to cope with the aftermath
Bankruptcy can stop creditor harassment and allow you to reset your finances. However, its implications can be equally emotional as they are financial. According to the National Institute of Health, bankruptcy can directly affect your mental health. After people file...
Does bankruptcy impact child support?
If you owe child support and plan on filing for bankruptcy, it is essential to assess your options and the different ways that bankruptcy could impact your child support case. Regardless of the financial problems in front of you, it is pivotal to do everything in your...
How a bankruptcy can stop a home foreclosure
If you're facing the threat of losing your home due to foreclosure, you might feel overwhelmed and unsure of what to do. One option you can consider is filing for bankruptcy. Bankruptcy can provide immediate relief and halt the foreclosure process, giving you the...
