One of the most disheartening events for a person drowning in debt is dealing with collection attempts from their creditors. Some individuals may file for bankruptcy, which can provide financial relief. As part of the bankruptcy, the court issues an injunction known...
debt relief
Is it easier to clear student loans via bankruptcy than before?
If you have debts you cannot pay, then there is a good chance that student loans make up part of your overall financial challenges. It’s true for vast numbers of people across the country. Traditionally, student loan debt was incredibly hard to discharge through...
Medical creditors can be very aggressive toward patients
The medical system in the United States offers access to treatments that can save or improve people's lives. From cutting-edge cancer care to emergency trauma intervention, the care available can make a big difference for individual patients. Unfortunately, high...
Two things to know before filing for relief through bankruptcy
Although business bankruptcy filings dropped slightly last year, the government reports that bankruptcy filings for individuals increased significantly. The courts received over 300,000 bankruptcy filings for 2022 and the rate of Chapter 13, or reorganization of debt...
Can I use bankruptcy to discharge my student loan?
Most careers require a college education, but not many Americans can afford the price tag. And this is where student loans come in to bridge the gap. Financial institutions provide student loans because beneficiaries are likely to have to capacity to secure employment...
2 things that might happen if you ignore your debts
You might want to realign your viewpoint if you think you are one of only a few struggling with overdue debt. In reality, about millions of other Americans are in a similar situation. To those who lack the resources to pay their debt, it is tempting to ignore the...
How do I fix my credit score after bankruptcy?
Bankruptcy can be a welcome relief when you are struggling with debt. But bankruptcy can also leave a significant dent in your credit score. If you have recently filed for bankruptcy, you might be wondering if there is anything you can do to repair your credit score. ...
Why bankruptcy probably isn’t your fault
People sometimes struggle with bankruptcy because they believe that their situation is their own fault. They think that they’ve gotten themselves into financial trouble and that they’ve made a mistake. They may even feel ashamed to tell people that they know that...
Small business bankruptcies are on the rise
If your small business is struggling, it may inspire some cold comfort to know that many other small businesses out there are also feeling the current economic pinch. In fact, business bankruptcies were higher in the first few months of 2023 than in any year since...
What happens to student loan debt in bankruptcy?
Everyone knows that student loan debt is a major problem in the United States. The average cost of a college degree is over $140,000, though that number is much higher for private schools. Therefore, it's no surprise that the average college graduate faces about...