While the perception is finally changing, some people still negatively associate bankruptcy proceedings with the debtors who file. Bankruptcy filings aren’t private — just like all court filings (excepting most juvenile records and a few others) — they are public...
Have you ever wondered what happens to your debts after filing for Chapter 7 bankruptcy? Understanding what a Chapter 7 discharge is and which debts might stick around even after the process is complete is crucial. What is a Chapter 7 discharge? A Chapter 7 discharge...
Whether you already know that you’re going to file bankruptcy after the first of the year (and are just putting it off to avoid dealing with it during the holidays) or you just think you may need to file, it’s important to avoid some critical mistakes right now....
Some people fall behind financially because of predatory business practices. However, many people end up in debt because of medical issues. They have an emergency on vacation where they require out-of-network care at a foreign hospital. They require cancer treatment...
You have been thinking about filing for Chapter 7 bankruptcy. Your debt is just getting out of hand and you need a fresh start. It’s causing you constant stress and you can’t seem to get ahead of it, no matter how hard you work. Your spouse, on the other hand, does...
Credit cards can be useful, and that’s why most adults in the U.S. have at least one. Nonetheless, credit cards can also cause serious financial difficulties. The current amount of credit card debt in the U.S. is thought to stand at around $1.4 trillion. That’s a lot...
When filing for personal bankruptcy, you may be required to disclose all of your assets, debts and financial transactions in detail. Any form of dishonesty or intentional misrepresentation in this process can result in bankruptcy fraud. Bankruptcy fraud occurs when an...
You may have filed for bankruptcy in the past. You did this because you likely had a lot of medical debt or credit card debt that you could not pay. Bankruptcy may have been your only option. However, you may need to file for bankruptcy again because of the...
People often decide to file bankruptcy after they come to the realization that they can’t pay all their bills with the income they have. This may be because of an unexpected illness, just because things got a little out of hand or a variety of other reasons. For...
Bankruptcy is a legal system that facilitates debt relief. Individuals struggling with high credit card balances, major medical debts and other forms of financial pressure can ask the courts for relief. Bankruptcy can help people in multiple different ways. As soon as...