One common bankruptcy myth is that, to satisfy your creditors, you will forfeit most of your property during proceedings. Yet, both federal and state bankruptcy exemptions aim to prevent this outcome. These exemptions allow you to keep certain possessions of yours, so...
Month: November 2020
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Student loan debt is dischargeable – Kind of
Debt can lead to bankruptcy, and our collective student loan debt is the second biggest form of U.S. household debt. As a country, we currently have over $1.6 trillion in student loans that effects 43 million borrowers. This is triple the amount owed just 13 years...
Sorting out joint credit card debt during divorce
Paying down credit card debt can be challenging, it takes discipline and diligence. However, for divorcing couples things get more complicated if that credit debt was accumulated during marriage After years of joint credit cards, authorized users, spending limits and...