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Debts That Are Not Discharged in Bankruptcy

Bankruptcy is a highly efficient form of debt relief that can legally eliminate many of your debts. There are exceptions to this, however, as some types of debts that are not eliminated or "discharged" in bankruptcy. These debts include family obligations, student... Debts That Are Not Discharged in Bankruptcy

Bankruptcy Closes Toys R Us Stores

A beloved childhood icon that brought warm memories during our childhoods will be no more by the end of 2018. Toys R Us filed bankruptcy in September of 2017 citing huge losses that caused an inability to answer debt payments by the toy seller. In both a sad and... Bankruptcy Closes Toys R Us Stores

Can I be Fired for Declaring Chapter 13 Bankruptcy?

There are several unnecessary worries when deciding to file for Chapter 13 bankruptcy. While keeping your job is of the utmost importance, you should find solace in the fact that you can't be fired solely for filing bankruptcy. In fact, if an employer fires you for no... Can I be Fired for Declaring Chapter 13 Bankruptcy?

What Are the Rules Governing Debt Collection?

If you are in the predicament of being behind on payments, you have most likely received an attempt to collect the debt from the company or person. While debt collection "bullies" are less common due to more awareness of debt collection laws, there may be instances... What Are the Rules Governing Debt Collection?

Will subprime auto loans cause the next financial crises?

A subprime loan is commonly referred to a secured interest loan made to an individual with a credit score of 620 or lower. Interest rates are normally higher on these types of loans in order to offset the riskier lending. In subprime auto loans, serious delinquencies... Will subprime auto loans cause the next financial crises?

US Household Debt Still on the Rise

As we enter the last two shopping weeks before Christmas, more and more people are reaching for their credit card, and unintendedly adding to the record level of consumer debt in America. The total household debt in the United States continued its rise last quarter... US Household Debt Still on the Rise

Can I file a Chapter 13 Bankruptcy?

For many of those in extreme debt, Chapter 13 bankruptcy is a shining beacon of hope and relief. Not everyone qualifies, however, for Chapter 13 bankruptcy in California. It’s also noteworthy, that like all decisions, the decision to declare bankruptcy comes with... Can I file a Chapter 13 Bankruptcy?

How Debt Affects Your Health

Anyone who has been in debt knows that it can be a stressful situation. Consequently, a number of studies have shown an adverse relationship between debt and your physical and mental health. These studies compile data using panel surveys, epidemiological surveys, and... How Debt Affects Your Health

After Bankruptcy California Tests New Welfare

After Bankruptcy, California is testing a new form of welfare called "universal basic income". The new universal basic income, or UBI, is initially funded by a tech group called the Economic Security Project, which has put together a multi-million dollar grant to help... After Bankruptcy California Tests New Welfare

Pros and Cons of Declaring Chapter 7 Bankruptcy

Most things in life are "give and take", and Chapter 7 bankruptcy isn't much different. It's true that Chapter 7 bankruptcy can be an enormous lifeline to individuals who are suffering from crippling debt, but it does come at a certain cost. Making the decision to... Pros and Cons of Declaring Chapter 7 Bankruptcy