Many people who file for bankruptcy note significant improvements in their mental health after they do so. This is not to say that anyone who needs a mental health boost can get one by filing. But those who have been struggling with their debt may well do. The reason...
Medical debt is consistently a leading cause of bankruptcy in the United States. Even someone who has a substantial amount of money in savings may not have enough to cover costs in a medical emergency. To reduce the financial risk, many people purchase health...
A lot of people who are struggling with overwhelming debts consider bankruptcy – then wait. They don’t file because they keep hoping that their situation will improve. They may believe that they can turn their finances around with a side gig, a raise, a tax refund, a...
Car loans are becoming a problem for subprime borrowers. These are individuals who have a relatively lower credit score, but it was still high enough for them to get an auto loan. In October of this year, reports came out demonstrating how many of these borrowers were...
Perhaps you lost your job or had a medical emergency. Whatever the reason for financial difficulties, it is important to know that for many bankruptcy is an option that can help provide a fresh financial start. Those who are considering this process have many...
People diagnosed with cancer now have a better prognosis than ever before in human history. There are many types of treatment available that can lead to remission or cancer-free status for a patient. Immunotherapy, surgery, radiation and chemotherapy are all common...
Filing for bankruptcy can feel very stressful – but understanding the step-by-step process can make everything far less intimidating and reduce your anxiety. One of the most important (and feared) milestones in every bankruptcy case is the 341 Meeting of Creditors....
Wage garnishment occurs when a creditor or government agency legally takes part of someone’s paycheck to recover a debt. When debt grows faster than a person’s ability to repay, it creates a cycle of mounting interest, late fees and stress that can end in court...
What it means to file for bankruptcy is vastly misunderstood by a lot of people. Many who could benefit from a fresh financial start delay taking action far, far too long because of fear, shame or simple misinformation. The truth is that bankruptcy exists to give...
Bankruptcy will hurt your credit score, but not permanently. You can slowly rebuild your credit over time using tools like secured credit cards. Here’s how it works. You’re required to put down a refundable cash deposit, which typically becomes your credit limit. For...
