Bankruptcy

In today's complex financial landscape, many individuals find themselves burdened with overwhelming debt. When faced with a mountain of unpaid bills and the constant pressure of creditors, seeking relief becomes a priority.  One potential solution for individuals is...

Filing for personal bankruptcy means taking a pretty significant hit to one's credit score. It is quite common for people to see a drop of 200 points, sometimes even more than that, when they initially file. Their score will eventually recover but it will take years...

Many people who go through bankruptcy will swear off of credit cards. They may even go start so far as to cut up the ones that they own. They blame those credit cards and their high interest rates for the debt troubles that they’re having. They don’t want to get into...

Bankruptcy allows those who are struggling with insurmountable personal debt to wipe their slate clean (or, at least, cleaner). While some people are judgmental about bankruptcy, the truth is that even those who are very responsible and successful professionals might...

Children are expensive. Ask any new parent; they’ll understand it right away. Simply having a child in the hospital can leave you with thousands of dollars in bills because of the way the American healthcare system is designed. But the costs certainly don’t stop...

When it comes to filing for bankruptcy, one of the biggest questions people have is how it will affect their retirement. It's a valid concern, as bankruptcy can have a significant impact on your financial future.  Fortunately, there are some safeguards in place that...

Everywhere you look, costs are increasing. It costs more to buy a house now than it did five years ago. It even costs more to go out to dinner. A lot of people are having to try to budget a bit more strictly than they did, refraining from spending in every way that...

The timing of when someone files for bankruptcy can be the result of careful planning. Someone who knows they need to file for bankruptcy will often stop using their credit cards for several weeks beforehand so that creditors can't try to limit the extent of their...

If you are in high debt that you can't pay, it may be time to file for bankruptcy. Doing so prevents creditors from calling you, as it can temporarily or permanently relieve your debts. Further, this can give you peace of mind since you will no longer be anxious about...

Bankruptcy law is designed to relieve debtors from the oppressive weight of debt – but they shouldn’t have to lose everything they have in the process just to file Chapter 7. That’s why exemptions allow every debtor to protect certain assets. (Non-exempt property...