The cost of living isn’t cheap. It’s very easy to find yourself inundated with credit card bills that you can’t seem to pay. Even more interest and penalties end up added to your balance and you find yourself in a really difficult situation. As a result, you may be served with a lawsuit by your…

A lien is a security interest that is placed on property to secure the payment of a debt or other obligation. Many people have liens on their houses. When the housing market worsens and the value of the home goes down, many junior mortgages (those that are granted subsequently) remain unsecured. Put simply, some liens…

Sometimes people find themselves over their heads in debt. Financial debt can affect anyone whether you’re a recent college graduate or an experienced professional. For many people, the choice to file for bankruptcy is made so as to provide relief. However, there are many differences between personal and corporate bankruptcy. The applicable rules are dependent…

Times are more difficult than ever and for many families and bills continue to go unpaid. While already an extremely stressful time for you and your family, these feelings of helplessness are often only exacerbated by continuous contact from your creditors. And although creditors do have certain rights regarding collections, their behavior is controlled by…

Filing for bankruptcy can be a really difficult decision for many reasons. One reason is that it can greatly harm your credit. The good news is that it is definitely possible to rebuild your credit over time. Having a high credit score can open up a world of opportunity. That’s why getting back to a…

It’s never an easy decision to file for bankruptcy. However, making such a decision can have many positive effects on your life and can greatly benefit you. It can allow you to discharge certain types of debt and move forward. However, choosing whether or not to file for bankruptcy isn’t the only important decision that…

Filing for bankruptcy is never an easy decision. So when you make the choice to do so, and you have been granted it, it can feel like a huge weight off of your shoulders. However, it’s important that you don’t get too comfortable once emerging from bankruptcy. While you may have a fresh financial start,…

When you’re unemployed, it can be difficult for many to keep up with bills and day-to-day expenses. For that reason, many people make the difficult decision to file for bankruptcy. Since Chapter 7 bankruptcy requires that your income is beneath a certain threshold (the Chapter 7 means test), unemployment allows an opportunity to remove debt…

Choosing whether or not to file for bankruptcy is never an easy decision. If you’re feeling hesitant as to whether to do so, it’s likely because you understand the gravity of the decision you’re making.  While it’s not easy, it’s important that you’re honest with yourself and you weigh the pros and cons of doing…

While it’s never an easy decision, bankruptcy is sometimes the best option. For those who experience mounting medical bills or other debt, bankruptcy can help lift you out of the hole you’re in and help you get a fresh start.  Types of Bankruptcy There are two different types of bankruptcies that you can file as…