Understanding the types of bankruptcy available to you is crucial before proceeding with bankruptcy. Individuals typically file for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 involves liquidating assets to pay off creditors, while Chapter 13 allows you to keep...
Month: October 2024
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What is “zombie debt?”
If you’re dealing with a lot of debt, it can be easy to lose track of it. When you get a phone call, email, text or letter from a collection agency, you might assume that you owe the money they say you do. That’s not always the case. That’s why it’s important to know...
4 life events that can lead to overwhelming debt
Debt is challenging financial reality that many people face. Unfortunately, most people assume that poor financial decisions are the primary cause of debt. In reality, life’s unpredictability can often be the real culprit. Certain major life events can lead to...