Filing for bankruptcy is a big step, and it’s something that intimidates many people. There’s a common misconception that going through the bankruptcy process will leave you penniless because it will require you to surrender all of your material possessions to satisfy creditors. Depending on the type of bankruptcy you file and where you live, […]
Our country owes every veteran an unrepayable debt of gratitude. Serving in the United States Armed Forces is a brave and noble choice. Unfortunately, veterans may face financial difficulties just like anyone else. If this is your situation, you may be wondering about your options for debt relief, including bankruptcy. Financial Risks Faced by Veterans […]
Medical debt affects nearly everyone, but it can be especially burdensome for those with chronic illnesses that require long-term hospitalization and time away from work. According to the Consumer Financial Protection Bureau (CFPB), Americans had amassed $88 billion in medical debt as of mid-2021, a figure reflected on credit report data. Although most medical debt […]
If your small business is struggling financially, you may be considering bankruptcy as one of your options. Although this sounds like a dramatic step, it may be one of the best ways for your business to regain its financial footing or for you to get a fresh start as the owner. Here is what you […]
Being a business owner can be a very fulfilling experience. Most business owners have poured hours—if not a lifetime—of hard work, dedication, creativity, and perseverance into their businesses. And so one of the most heartbreaking realizations may be that a business isn’t solvent. Unfortunately, this is a reality that many business owners throughout the United […]
It’s not uncommon for divorcing couples to also research their options for debt relief. According to a 2018 survey by Ramsey Solutions, money issues are the top cause of conflicts among spouses. But if you’re thinking about filing for both divorce and bankruptcy, it’s important to understand your options. Making the wrong choice or not […]
If you’re struggling with overwhelming debt, you may be considering bankruptcy as a solution. Thousands of people choose this option to gain some relief, but it’s not as simple as it sounds. There are different types of bankruptcies, and the process for filing can be complex. Instead of trying to navigate the process on your […]
For many people, there are few things more stressful than worrying about money. While most people may feel some financial tension at some point in their life, for some, this tension can be omnipresent. Being worried about being able to pay your bills, make your mortgage or rent payments on time, or feed your family […]
Facing large amounts of debt can be a very startling and upsetting reality. Before you know it, spending and debt may become out of control, leaving you worried about the future, facing creditors, and even potentially becoming the subject of lawsuits and asset seizures. During our current financial times, this has happened to many residents […]
Filing for bankruptcy may be the best decision for you if you are suffering from high amounts of debt. However, while filing for bankruptcy can help to discharge your debts or create a manageable repayment plan, it’s important to know that a bankruptcy filing will have a major impact on your credit score. To be […]