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Posts tagged "Bankruptcy"

Beware of accumulating more debt prior to bankruptcy

You've made the decision to file for Chapter 7 bankruptcy. Perhaps you and your attorney have set the wheels in motion. A question that many people have is what they can continue to spend money on when they have a pending bankruptcy case without jeopardizing it. It may be tempting to make a few last luxury purchases, but don't do it.

Filing bankruptcy might provide you relief from your debts

As we recently discussed, medical bills are one factor that can lead Americans to file for bankruptcy. This is something that many people don't realize. Most bankruptcy cases don't have anything to do with people being irresponsible with their money. Instead, circumstances, such as a job loss or an illness, lead to the need for debt relief.

Why medical debt leads to financial disaster for many Americans

Anyone who's had a visit to the hospital or an emergency room can testify that the cost can be shocking -- even if they have insurance. When people don't have adequate savings to cover these unexpected medical costs, the financial ramifications can be serious.