Are you struggling to keep up with your debt payments and looking for a way out? Then, filing for bankruptcy may be an option for you. Specifically, Chapter 13 bankruptcy can be a valuable option for individuals who want to reorganize their debts and create a plan to...
Year: 2023
Protect your heirs after you are gone
If you are doing your estate planning, you may find that some decisions are more challenging to make than others. For instance, suppose you have a much-loved beneficiary who just never learned how to properly manage their money. They may have filed for at least one...
Why bankruptcy might benefit you
When you’re struggling with finances, you may feel isolated. You may also feel guilty because you are unable to honor agreements. These are normal feelings under the circumstances, but you are not alone and there is no need for guilt. Millions of Americans are...
2 estate planning tools that reduce the risk of a probate contest
An individual’s estate plan is a record of their wishes and often serves as a final reflection on the relationships they had with the people closest to them. Sometimes, people planning their estates have to make difficult choices when they have poor relationships with...
Why credit cards make people spend more
Do you ever feel like you spend too much money when you use your credit card? Studies have found that people spend more on cards than they do with cash. This can lead to a lot of potential debt troubles, especially since many cards have high-interest rates. One reason...
3 strategies to save your home from foreclosure
For most people, a home is more than just a physical space. It’s a place where they feel safe, where they build memories, and where they can raise their families. However, financial hardship can put this sanctuary at risk. Foreclosure is a terrifying prospect,...
3 reasons people update their estate plan
Many people make an estate plan only to forget about them. And, some people don’t realize that an estate plan often needs updating. An outdated estate plan can create a lot of issues for families when they find out a will includes missing assets and deceased...
Digital assets may not fit in your estate plan
Making an inventory of your assets is generally one of the first steps people take when they are doing estate planning. They simply need to go over everything that they own, possibly dividing things into categories like financial assets, family heirlooms and other...
2 reasons people with medical debt decide to file for bankruptcy
Bankruptcy is a common response to overwhelming medical debt. People can accrue tens of thousands of dollars in medical debt in just a few days of intensive trauma care. Those who require treatment for cancer or other severe medical issues could have hundreds of...
Can you ever be too young to plan for ill health?
Many people delay estate planning because they think they are too young to need one. One study found a massive 67% of eligible American adults do not yet have one. That can be a costly mistake both for the person and their loved ones. Remember, estate planning is also...