People often dismiss bankruptcy as an effective debt relief option because of misconceptions and fears. One fear is that filing for bankruptcy will destroy their financial future. However, you can recover from bankruptcy. People do it all the time using some of the...
Tips to make it easier to cope with unmanageable debt
People typically do not feel comfortable discussing debt challenges, so they often do some searching online or make decisions based on anecdotal evidence of friends. As such, there can be a lot of misinformation out there that, when followed, make a financial...
Can creditors contact me on social media?
Falling behind on credit cards, mortgages and other loans is stressful enough without having to dodge the seemingly constant calls and letters from creditors. It is not unusual for someone in this position to turn to spaces like Facebook, Instagram and Twitter to find...
Preparing for changing debt collection practices
Millions of Americans are dealing with debt, especially after an incredibly stressful year of lost jobs and economic challenges. And for roughly 25 percent of adults who have bills in collections, overcoming debt in the coming months may not get easier. This is due...
Can creditors garnish stimulus payments?
News that millions of Americans will receive another round of stimulus money was undoubtedly welcome to families and individuals across Pennsylvania who have been struggling over the past year. Between job losses and business closures resulting from the COVID-19...
Preparing for bankruptcy in 2021
The last year has been rife with unprecedented financial challenges for Pennsylvanians. People have lost their jobs, and businesses have had to close their doors, yet the bills keep coming. People are stretched beyond their means and considering filing bankruptcy....
Why this holiday could be the hardest to avoid overspending
This year has presented unprecedented challenges for individual financial stability, from massive job loss to a devastated economy. However, surprisingly, credit card debt balances have been dropping this year. According to reports, the average amount of debt...
Missteps to avoid if you are struggling with debt
It does not take much for a person to find themselves with unmanageable debt, especially in today's environment. Losing a job, getting sick or divorcing can all result in a steep financial drop from which it can be incredibly challenging to recover. If you are in this...
Is credit card debt shrinking?
Americans are facing extraordinary economic struggles in light of the COVID-19 pandemic. People have lost jobs; parents have had to find childcare or work with their children at home; businesses have had to close down. It may seem like there is no financial silver...
What to know about Chapter 13 bankruptcy
In general, individuals file a Chapter 7 personal bankruptcy in order to obtain a discharge of unsecured debts (credit cards, medical bills, signature loans, deficiency balances on repossessed autos, rent to old landlords, and old cell phone providers). The discharge...
