Aging Americans are facing a lot of financial struggles. Utility prices have skyrocketed, as have food prices. Inflation is hitting everybody pretty hard – but those who live on retirement income alone may be facing the most challenges. For some senior citizens, the...
The thought of filing for bankruptcy can be frightening. This is because bankruptcy allows the court to confiscate property if a person or organization cannot cover their unpaid debts. Therefore, if you’re contemplating filing for Chapter 7 bankruptcy, you may be...
It can be discouraging to file for bankruptcy. But in some circumstances, it may be your only financial protection. Reports show that 399,269 Americans filed for personal bankruptcy in 2021. This is a decline from previous years. It’s important to understand...
You know well that your own spending habits could lead to bankruptcy. This is why you’re very careful about how much you put on your credit cards, for example. You budget every month to make sure that you are not spending too much. However, you’ve recently gotten...
You’ve likely heard that many major companies today are actually businesses that started in the garage. Examples include major tech companies like Microsoft and Amazon. You may have a business idea yourself. You realize that you don’t need to have an office building...
One mistake that people sometimes make when thinking about bankruptcy is to assume that they have to give up all the assets that they own. They understand that Chapter 7 erases their debt, but it does so by liquidating those assets. This means that they have to be...
By the time you find yourself considering personal bankruptcy, you are probably quite far behind on your financial obligations. You may have to choose which debts to make payments on when you receive paychecks or choose between making payments and covering basic...
There are many links between your health and your finances. When it comes to bankruptcy, however, people usually think of these working in just one direction. If your health declines, that can lead to high medical bills, and those are one of the top reasons for...
The term bankruptcy still carries with it some negative connotations. It’s a common misconception that only those who have been reckless with money file for bankruptcy, but this is far from the truth. Financial hardship can fall upon anyone. If you’ve been in this...
People filing for bankruptcy might assume that they will feel elated when they get their case filed. While that might be the initial and primary feeling, a host of emotions come with filing for bankruptcy protection. It’s best to be able to prepare for every aspect of...