College life is all about getting through classes and coming out on top, which may mean buying expensive books, renting an apartment, buying a car, drinking lots of coffee and ordering late-night meals while studying. Most college students work while attending...
As someone who owes a debt, you already know that you need to repay it and that it is late. The creditor may call and inform you about the debt, but if you ask for more information or try to negotiate, you shouldn’t have to worry about them yelling at you, degrading...
Bankruptcy can be a welcome relief if you are overwhelmed by debt. However, while declaring bankruptcy, honesty is not only a prudent idea, it is a requirement. Being forthright about everything you own or what you have an interest in can save you from claims of...
When you consider the top reasons for bankruptcy, you may think that it usually just means people spent too much money. They took on an incredible amount of debt. It was reckless and they never had any chance of paying it off, so bankruptcy was the inevitable...
Filing Chapter 7 bankruptcy is brand new territory for most people. There is a lot to take into consideration, not the least of which are the things you should not do. It’s important that you know and understand what is advisable for you to do - and especially what...
When people have to file for bankruptcy, you may often hear them talk about their credit card debt. They will say that they just had too much debt on their cards and that those cards led to bankruptcy. This creates the perception that credit cards are bad, as if the...
However active and healthy you are, illness or injury could catch you at any time. If you need to spend time in the hospital, you will lose out on earnings. That could make paying everyday bills such as the mortgage and essential services impossible. Then comes the...
You might think it is a case of “once in bankruptcy, always in bankruptcy.” It’s not true, however. The law sets out specific amounts of time that bankruptcy will remain on your credit record. After that has passed, no one need ever know. If you file for Chapter 13,...
Creditor harassment is something that no one should have to deal with. It is unfair to you to have to worry about a creditor calling you at all hours or threatening you with vulgarity. There are many things that creditors cannot do when trying to collect on a debt....
Bankruptcy can offer much-needed relief to individuals who are overwhelmed with debt. If you are struggling to keep up with your bills, declaring bankruptcy could be an excellent opportunity to reset your finances and have a fresh start. However, it is important to...