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,...
Bankruptcy And Debt Relief
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...
Common reasons why bankruptcy claims are denied
The vast majority of bankruptcy petitions go through the court process quickly and easily – but a few do hit some snags. If your bankruptcy petition is denied, however, that can create financial chaos on top of an already difficult situation, so it’s important to...
Are you allowed to file for bankruptcy more than one time?
Filing for bankruptcy allows you to get a fresh financial start and eliminate the stress and burden of accumulated debts. Once the process is complete, you may think you won’t have similar financial issues in the future. Unfortunately, life is anything but...
Talking with creditors can give your business a fighting chance
Most entrepreneurs have to deal with cash flow issues at one point in their lifecycle. Unfortunately, this often leads to a daily struggle of following outstanding payments and juggling creditors. Eventually, you may find yourself missing financial obligations to your...
Options to address a more complex bankruptcy case
Bankruptcy doesn’t always happen for just one reason. It’s not as if someone takes out a loan, can’t pay it back, and suddenly has to declare bankruptcy. There are usually a lot of different factors that all contribute, and the overall financial situation can be very...
Exploring the root causes of bankruptcy
The term bankruptcy still carries with it a certain level of stigma. It is often thought that an individual must be careless with finances before bankruptcy even comes into the conversation. The reality is much more nuanced than this though. While reckless spending...
Debt collectors must adhere to the law
Through no fault of your own, you’ve been struggling financially recently. This is currently the case for millions of Americans. You’re trying your best to get back on track, but debt collectors are making this very difficult. It feels like you can’t take a breath...
Why filing bankruptcy is a common response to creditor lawsuits
Once you fall behind on your credit card payments or other financial obligations, you quickly learn to not answer the phone if you don't recognize the number. Collection calls can come in so often that you feel compelled to completely disable the ringer on your...
Do you need to make payments in a Chapter 13 bankruptcy?
What the average person knows about bankruptcy is often vague and may possibly be inaccurate. For example, people don't realize that there are several different kinds of bankruptcy available to individuals. They may think that the same rules apply to a Chapter 7...