Declaring personal bankruptcy is one of the hardest decisions to make. However, in some situations, it may be the best option, as it can help you avoid lawsuits and endless calls from creditors. Nonetheless, bankruptcy has numerous effects, including psychological. ...
Those struggling to balance their budgets sometimes reach a point of despair where they simply stop trying because they've fallen too far behind. Every time the phone rings, they shudder, and they don't even want to open their mail anymore. They tell themselves that...
Crippling debt affects more older people than ever, and many are rightfully concerned about their ability to make ends meet after retirement. Among the top financial concerns for those over 55 are: Keeping a residence Facing costly medical bills Paying off accumulated...
If you’re struggling with debt, you might cringe at the thought of paying out more money to file for bankruptcy. Yet, spending a relatively small amount now could help your financial situation significantly in both the short term and the long run. In most parts of the...
Filing for bankruptcy is not an easy decision. The uncertainty of life ahead and what you can do to get yourself out of a difficult financial situation can be overwhelming. However, taking the proper steps post-bankruptcy can help you make the most of the...
The stress of unpayable debt can reduce your ability to focus on other issues in your life. It can impair your thinking and ability to concentrate, making you less effective at work, so you miss out on a much-desired promotion opportunity. It can leave you without...
“Bankruptcy” sounds very ominous and most people do everything they can to avoid having to file for this kind of debt relief. In fact, many people are so afraid of what could happen if they file for bankruptcy that they don’t realize all the ways doing so can actually...
Even just the mention of bankruptcy makes people shudder. Yet, bankruptcy greatly benefits people. Its biggest purpose is to relieve people of their debt if they’re struggling to pay it off, which many people can’t help since debt, like medical bills or late payments,...
Are you financing your vehicle? You’re not alone. Because the overall cost of purchasing a brand-new car has increased significantly over the last few years, millions of Americans are opting to finance their cars. Before your auto loan was approved, you would have...
If you are choking on debt with nowhere to turn to, it is important to understand that you are not alone. There are options to give you a fresh start, financially speaking; and one of these options involves filing for bankruptcy. Bankruptcy can provide the financial...