If you are feeling especially weighed down by unmanageable debt recently, know that you are not alone. A recent report by the Federal Reserve revealed that household debt jumped by $601 billion last year. For the first time ever, this balance has topped $14 trillion....
What “uniquely American phenomenon” is driving unmanageable debt?
A recent national article spotlighting the headline-noted scourge above supplies a simple two-word explanation for what is pushing millions of Americans toward financial ruin. That is this: medical debt. Residents of other countries simply can not understand what has...
Who is at the highest risk for bankruptcy in Pennsylvania?
Bankruptcy may feel like hitting rock bottom, but it has always been designed to give people a new start into financial health. Debt is a serious problem for many Americans, and states like Pennsylvania and Florida are seeing changes in the bankruptcy landscape for an...
Study: Some millennials don’t foresee ever getting out of debt
It doesn't take long for young adults to accumulate a fair amount of debt. This debt is not just student loans, which are becoming increasingly more burdensome. It often includes credit card and other personal debt. A recent study by CreditCards.com found that over 60...
Answers to common questions about medical bankruptcy
Suffering from a sudden illness or injury can be debilitating from a financial perspective because it can mean that you will not be able to work for a certain amount of time, and you will lose wages as a result. In addition to this, medical services can be extremely...
Using bankruptcy to prevent foreclosure on your home
Owning a home can be a great financial investment, but it can also feel like a heavy burden when things are not going well. When people in the state of Pennsylvania are struggling financially, they often assume that filing for bankruptcy will mean the loss of their...
Deciding on bankruptcy to clear credit card debt
Credit card use is one of the easiest ways to get into high amounts of debt. This is because credit cards are extremely easy to acquire. In addition, the interest that is charged on unpaid balances and fees charged for missed payments means that getting clear of the...
Am I filing for personal or corporate bankruptcy?
Bankruptcy may sound like a dirty word, but it can mean a new beginning if it used correctly to settle debts or reoganize your finances. Both individuals and companies can file for bankruptcy, and understanding the differences can make it easier to know how to pursue...
Don’t fall victim to debt relief scams
It is widely known that many of our nation's citizens struggle daily with insurmountable debt. In most cases, these people did nothing wrong. Life circumstances and sometimes even bad luck may contribute to financial difficulties. They may have lost a job or had to...
Clearing credit card debt doesn’t need to be stressful
Many people dread receiving their credit card bills each month for fear of the interest and various fees that they will have to pay. Accumulating debts on credit cards has become a common problem in the state of Pennsylvania, and it is not a good habit to have, since...
