Bankruptcy Law Blog

There are several types of loans that consumers can choose from when it comes to borrowing money. Payday loans, title loans and personal loans are the quickest, easiest option for anyone needing fast cash, but, they are risky. Other types of loans are more exclusive, often requiring criteria that make it difficult for the average…

For many people, finances often take the back seat or are swept under the rug, that is, until a problem arises. Many people experience financial hardship that builds over time, while many more simply fall onto hard times unexpectedly. Regardless of how you end up in debt, one thing that you cannot afford during financial…

Debt collectors make their living by harassing you for money owed to creditors. Unfortunately, the debt collector on the other end of the phone is simply the messenger; subjected to the emotional pleas of the debtor. While debt collectors can be relentless and rude at times, you do have rights when it comes to dealing…

Anyone suffering under debt problems or financial hardship understands the amount of stress money troubles can take on a person. Couple high stress burdens, along with a complicated legal process, and seeking debt relief through bankruptcy can seem like more trouble that help. Fortunately, the bankruptcy process is intended to help debtors, not work against…

Filing for bankruptcy is not a decision people arrive at with ease or swiftness, as it often is a stressful process that is one of last resort. The complicated nature of the bankruptcy process isn’t easy to navigate if you are not a highly trained lawyer. While you can file for bankruptcy on your own,…

When it comes to debt relief, not all solutions are created equal. Some debt relief options, may not be effective for debt resolution or could put you at risk of further debt collection. While the bankruptcy process can be a tricky process when it comes to debt relief, much of the complications are the result…

One of the reasons people fail to secure proper debt relief solutions is due to fear of losing their property or assets. Much of this fear stems from myths about bankruptcy and a lack of understanding how the bankruptcy process works. Unfortunately, this often leads people to sit by and not take action; ultimately putting…

When you successfully resolve and complete a bankruptcy, some of your debts will be labeled as “discharged”. This means that your debts are no longer enforceable for collections by the creditor. This is the ultimate goal of filing for bankruptcy and the desired outcome by anyone seeking its protection. The end result of a successful…

The majority of Americans have experienced some financial challenges this year. Many hardworking people have lost their jobs, have had to cash out retirement and asset funds to make ends meet, or had to seek government assistance. Many more have simply had to rely on credit cards and other risky financial habits to get by.…

From data released from the Survey of Consumer Finances conducted by the U.S. Federal Reserve, the average amount of debt for most families is around $5,700, with 41% of households carrying some form of debt. The average amount of credit card debt for households for those with revolving balances is around $9,300. Even more consistent…