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...
What type of bankruptcy is most common?
You have heard of people declaring bankruptcy, and you think that may be your best course of action considering your outstanding debt, but you have never done it before. You're wondering what your options are and what types of bankruptcy -- called "chapters" -- people...
Three key questions you should ask yourself before considering bankruptcy
You're thinking of declaring bankruptcy. You have been dealing with debt for longer than you can remember, and it just keeps getting worse. Before you do, ask yourself these three questions so that you know exactly how to proceed: 1. Does bankruptcy work for the type...
Yes, you can still get credit after bankruptcy
Living under the crushing weight of debt is an emotionally (and even physically) draining experience. And the more the debt grows, the harder it gets to escape it. Filing for bankruptcy protection is one way that many people struggling with debt get their financial...
After bankruptcy, should you apply for new credit cards?
Credit cards can cause debt problems when people do not use them responsibly. This is especially true because the high interest rates can massively increase debt when it is not paid off on time. So, should you consider getting a new credit card if you just filed for...
