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...
General Bankruptcy
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%...
The basic bankruptcy process
If you face the crush of too many bills with no way out, bankruptcy may prove an effective way to get a do-over. Understanding how the process works are something that may help you get past any misgivings about it. Bankruptcy allows you the chance to get control of...
Can child tax credit payments lead to bankruptcy?
Initially, you may feel excited to see your child tax credit check come in the mail or get directly deposited into your account. While many people have fallen on hard times over the past few years, the additional funds help some to make ends meet or may help fund...
End of eviction moratorium detrimental for renters
A recent overruling of Biden's eviction moratorium will impact renters across the nation including numerous Texas families. Without the federal assistance that many residents have relied on for the last year, an uptick in evictions is probable. While many families...
