You Deserve A Fresh Start
One of the many reasons that people avoid personal bankruptcy is concern about what it may mean for their credit. Their current financial struggles may have damaged their credit, but they worry that bankruptcy could do irreparable damage. Bankruptcy does have a strong...
If you've fallen behind on payments and racked up debt, you're probably all too familiar with the persistent calls and letters from debt collectors. As the harassment escalates, you may be tempted to stop answering and ignore them completely. However, ignoring your...
Student loans can feel like a dark cloud hanging over one’s head. For many graduates, the weight of monthly payments can be overwhelming, leading to the question: can bankruptcy be a way out? The good news is that it’s possible under limited circumstances, but there...
Even with the Affordable Care Act (ACA), which has helped many uninsured Americans get health insurance, medical debt is still the most common type of debt that goes into collection. It also shows up on credit reports, which can affect virtually every aspect of a...
Individuals who are experiencing a sudden drop in income or a sharp increase in their debts may find themselves falling behind on their financial obligations. Eventually, they may even miss mortgage payments. People at risk of foreclosure may go to great lengths to...
There’s no question that times are a little bit rough right now between a job market that seems unstable and soaring inflation. It’s not unusual for homeowners to be feeling some financial strain when it comes to meeting their mortgage obligations. Is a mortgage...
Filing for bankruptcy is almost never a mark of shame. In reality, it's a legal tool designed to offer a fresh start to those facing overwhelming debt. Nevertheless, despite its benefits, many people tend to overlook bankruptcy due to the strong stigma traditionally...
People who file for bankruptcy know that doing so will negatively affect their credit for a time. Additionally, a personal bankruptcy filing leads to the closure of revolving lines of credit the same day that someone files. The average person's credit score takes a...
Debt comes in many forms. You may have built up a lot of credit card debt when you were younger. Maybe you took on student loans. Or, you could have suffered from an injury that caused massive amounts of medical debt, which could not be paid off because your injury...
Medical debt is one of the top reasons for bankruptcy, and it shows up in most cases. It may not always be the primary cause or the only cause. Someone may have medical bills, student loans, credit card bills and a home mortgage, for example. But medical expenses are...
