Bankruptcy

Living paycheck to paycheck is a financial reality for many people. According to PYMNTS, a company that monitors digital payment method trends and other financial matters, 63 percent of U.S. consumers lived this way in November 2022. While it's a situation many find...

Inflation, job losses and high rents have left a lot of people feeling the pinch on their wallets – and bankruptcies are once again becoming commonplace. According to the Administrative Office of the U.S. Courts, total consumer bankruptcy filings were up more than...

What people know about bankruptcy can often deter them from filing for debt relief. For example, a surprising number of people avoid bankruptcy because they have heard that it will drag down their credit score and leave them ineligible for the credit that they need...

Earning enough to live in the modern-day United States is not easy. This is even more true if you have a family to feed or incur sudden unexpected expenses due to an accident,  illness or natural disaster. Even if you have cover for such events, it can take a long...

Many people struggle with crippling debt brought on by unforeseen medical expenses, mishaps, late fees, unemployment, and interest. After building up unmanageable debt, people frequently look for fast fixes to their problems. One option for many people is to declare...

If you’ve never filed for bankruptcy before and you’re considering this form of debt relief, you may have a lot of questions. You’re certainly not alone. Many people who are approaching this process for the first time are trying to do the research and learn as much as...

For many people, the thought of filing bankruptcy is unpleasant. It makes them feel negative emotions, as they believe that filing carries some degree of social stigma. They tell themselves that as long as they manage their finances carefully, it will never be a...

You may have done your best to manage your finances, but your bills can get out of hand due to additional responsibilities or medical expenses. In turn, you may get into debt to cover some, and now, you may be unable to repay your creditors. If this is your...

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...