Blog
Foreclosure and Bankruptcy
For most people, a mortgage is their most expensive asset and largest debt. If the debt owed on your home becomes too high of a financial burden to bear, you have a short window to seek help for your missed payments before losing the home. Foreclosures 101 Foreclosure...
Make a Plan to Be Debt Free
This year has been filled with unexpected events and outcomes for many families. A turbulent economy, unexpected challenges in careers, and the loss of the comforting sense of status quo have all presented unique challenges to daily life. In times of uncertainty, it...
Credit Scores After Bankruptcy
There is a misconception that filing for bankruptcy damages your credit and prevents you from securing credit in the future. In fact, this is one of the most common excuses people have for not seeking debt relief help through bankruptcy. This misconception can do more...
Vehicles and Bankruptcy
If you are stuck in debt, you should consider filing for personal bankruptcy, which helps clear away your debts. Personal bankruptcy includes two types, Chapter 7 and Chapter 13. While Chapter 7 means liquidating some of your assets if you have any that exceed the...
Marriage and Bankruptcy
Financial problems are often a source of contention in marriages, especially if large debts are burdening the family. If you and your spouse are experiencing overwhelming debt, you may consider filing for bankruptcy to get rid of the debt. However, timing is...
Medical Debt and Bankruptcy
Two of the most common types of debt include secured and unsecured. Secured debts, like car and home loans, are tied to collateral that can be repossessed if you fail to make a payment. Unsecured debts, like credit cards and payday loans, are not tied to collateral or...
Money Management and Bankruptcy
It might seem that there is a direct connection between money management and bankruptcy. Money management skills are not always about being prepared or staying alert about your money. However, the financial burden is often unexpected and more complicated than it...
Wage Garnishment and Bankruptcy
Wage garnishment is a court-ordered procedure in which the court directs your employer to send a part of your earnings to a person or an organization you owe money to. This process of wage garnishment usually stays until the debt you owe is fully cleared. Wage...
Credit Card Debt and Chapter 7 Bankruptcy Filing
Credit card debt is a billion-dollar problem in America. Large credit card debt is always a cause of concern for an individual. Thus, a lot of people file for Chapter 7 bankruptcy to remove their credit card debt quickly and with minimal repayment of debts owed. What...
Contested Bankruptcy
The primary reason an individual goes for bankruptcy is to get their debts discharged by an order from the court. Once they get the discharge, they no longer need to worry about repayments to their creditors. However, the road to financial freedom is not always easy....