Opening the mailbox, an email or a voicemail to hear a creditor demanding money is stressful, particularly for those who don’t have the means to pay those bills. Once they realize that they simply can’t cover everything, some people may explore the option of filing...
Bankruptcy allows people who have fallen behind on their financial obligations to regain control. People can avoid aggressive collection efforts by securing an automatic stay when they file for bankruptcy. Creditors must stop calling them, and the courts also...
It’s not clear what the average wait is between people getting into financial difficulty and filing for bankruptcy, with some reports suggesting 18 months to two years and others suggesting five years. However, many people wait too long. There is nothing wrong with...