Chapter 7 bankruptcy is the type of bankruptcy that most debtors qualify for most easily, but it is not always the only option that a debtor has. Depending on several factors such as the nature of the debt and the income of the debtor, he or she may qualify for...
Bankruptcy
Can filing for bankruptcy lead to being fired?
Being in a financial situation where you need to file for bankruptcy can be stressful enough. Adding to this the worry that you may risk being fired for doing so will only add to this tension. The good news is that it is unlikely that you would ever be fired because...
Restoring credit through bankruptcy
Many people see bankruptcy as a last resort, but in reality, going through bankruptcy can be a wise choice for those experiencing financial difficulties and desiring a fresh start. It can be an act of empowerment rather than something you are forced into. One reason...
What is the ‘automatic stay’ and how can it help you?
People who are struggling with out-of-control debts often put off filing for bankruptcy for a number of reasons. One of the main reasons is the belief that they will lose everything to their creditors. Most people filing for bankruptcy don't realize that they are...
Why bankruptcy is usually preferable to debt settlement
Debt settlement services have become much more regulated over the last few years. They gained a bad reputation for charging excruciating amounts to help clients repay and settle their debts, but often they failed in their efforts. These days, debt settlement companies...
Avoid losing your home due to financial hardships
Financial difficulties can be stressful, and if you are struggling to make your mortgage payments, losing your home may be a possibility. Having your home taken away due to a failure to make mortgage repayments is called foreclosure under the law. This blog is a brief...
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...
Simple ways to save that can keep you out of serious debt
People don't always get to the situation where they have to file for bankruptcy because of one large, unexpected bill. Sometimes it's a lot of bills that add up to the point where they're simply not able to pay them. One key to preventing serious debt is planning for...
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,...
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. It...