As you probably have noticed, the cost of many essential items has skyrocketed. Indeed, according to the World Economic Forum, you are paying an average of 7.1% more for goods than you were just a couple of years ago. This fact might leave you with little choice but...
General Bankruptcy
What happens to renters who file bankruptcy?
Bankruptcy can be a source of relief and a fresh start for individuals struggling to keep up with overwhelming amounts of debt. Filers receive legal protection from creditors and debt collectors as they work to build a repayment plan that is sustainable for the...
When can a lender repossess your car?
Even if it is not particularly flashy, your car is probably one of the more valuable things you own. After all, in addition to your vehicle's intrinsic value, your car allows you to go to work and make money. As a result, it undoubtedly is worth more to you than its...
How do you stay out of credit card debt?
Getting out of credit card debt is a very difficult thing to do. Many people will do whatever possible to stay out of it once they manage to get out. But how can a person ensure they never fall back into credit card debt once they have escaped? Change how you view...
Timing of a bankruptcy case
Bankruptcy might help you get your life back on track once you become overburdened with debt. If you were honestly trying to make things work, this program exists to provide some relief. However, honestly trying to make things work can mean different people. To some,...
Does filing bankruptcy discharge medical debts?
No one wants to consider the possibility of falling into debt. However, with medical costs as high as they are, it is possible that anyone with a health emergency could also enter into a financial emergency at the same time. Bankruptcy often feels like a scary point...
What is a secured credit card?
While there are a number of positives that go along with bankruptcy, you may wonder how you will rebuild your credit after the paperwork goes through. It is true that with a Chapter 7 or 13 bankruptcy, it will take a few years to move beyond the hit to your credit...
3 strategies for recovering from bankruptcy
Declaring bankruptcy can have a serious effect on your mental health and your overall future. Bankrate reports that bankruptcy remains on your credit report for up to 10 years, making it difficult to secure credit for major purchases. No matter the total amount of...
Chapter 13 bankruptcy can help single parents in debt
Getting out of debt as a single parent can be difficult. Even if you have a job, your income may not be enough to keep up with your debt payments while providing for your children. With an income source, you may be eligible to file for Chapter 13 bankruptcy. This can...
Is credit counseling required before filing for bankruptcy?
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...