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...
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...
Debt affects millions of people in this country. Between job loss, medical bills, and student loan debts that follow people around for decades, it can be incredibly difficult to get out of debt. To make matters more stressful, many people also experience aggressive...
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....
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...
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...
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...
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...
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...
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...
