If you are considering filing for personal bankruptcy, there are two options available. They are Chapter 7 and Chapter 13. Yet, depending on your situation, you may only have one choice. A Chapter 7 bankruptcy requires you to pass a means test. If your income is...
There are numerous different kinds of personal bankruptcy available. For many people, Chapter 7 bankruptcy is what they think of when they hear the word bankruptcy. They think about someone needing to sell off some of their property and getting a discharge of their...
Medical debt has a way of weighing even the most cautious individuals down. It’s nearly impossible to predict when a medical emergency will happen, and it can be tough to figure out how much your insurance will cover (if you have insurance at all). You have to be...
Though 2020 is long over, it has impacted nearly every aspect of the American economy. Many people lost their jobs, and many businesses shuttered their windows. Those that came through relatively unscathed found both their professional and personal lives changed...
If you are struggling with debt, you may already be frustrated with the situation. Something that would compound that feeling is if a debt collector starts calling you regularly. It may be annoying to have them call your personal phone, especially when you can’t set...
If you’re like most Americans, you rely on social media to keep in touch with everyone from old high school friends to distant relatives and social acquaintances -- often through direct messages (DMs). Unfortunately, the next message request you get could be from a...
One of the worst things about being in debt is that you have creditors calling all the time. Eventually, if you ignore those calls or can’t come up with the money for the debt, they may seek to garnish your wages. Wage garnishment is serious, because the money you owe...
As you go through the bankruptcy process, you’re going to hear a lot of new terms. That can be daunting and confusing. However, the more you understand, the less frightening the whole thing will be. One of the terms you’ll hear early in the process if you’re filing...
Most people who are considering bankruptcy turn their attention to Chapter 7. Not only is it faster than Chapter 13, but it also allows you to discharge some or all of your debts, moving you closer to the fresh start you’ve been dreaming of. However, if you don’t...
If you’ve been taking out money for books or living expenses during college, then you may be in a position where you’re finding it hard to pay back what you owe. Most people work part-time when in school, and there’s no doubt that living expenses, especially on...