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…

When you are buried under debt with no way out, bankruptcy is often the best option. And while there are different types of bankruptcies that one can file for, many people choose Chapter 7 bankruptcy, as you could be eligible to have most of your debts discharged. But in order to have your debts discharged,…

Filing for bankruptcy is often a tough decision that one must make. But sometimes, the decision is not theirs to decide. Sometimes creditors can actually make someone who is in debt to them file for bankruptcy against their will. This is called an involuntary bankruptcy. So how can you protect yourself from creditors who wish…

No matter how hard you try to always plan ahead and do the right thing, life can still be messy and unpredictable. The smallest financial setback an put you in a situation in which you are unable to pay off your debts. Many people live paycheck to paycheck, leaving them vulnerable to losing their property…

When you enter into marriage there are a lot of new things to consider. One thing many couples do not think about is bankruptcy. While jointly filing for bankruptcy can make a positive impact, it can also prove more difficult to protect certain types of property. Here’s what to know about filing for bankruptcy when…

It’s always a really difficult decision whether or not to file for bankruptcy. This is because while it can really help alleviate your stress, there are downsides as well. Regardless of what type of bankruptcy you file for (i.e. Chapter 7 or Chapter 13), it will impact your credit score. The good news is that…

When you file for bankruptcy, you may be able to receive additional time to pay back your creditors or have your unsecured debt fully discharged. While it’s great news to learn that your debt has been discharged, it doesn’t mean that the bankruptcy court can’t revoke its decision. If your debt discharge were revoked, it…

You’ve likely heard of bankruptcy before, but you may not have heard of credit counseling. When you’re overwhelmed by debt, it’s important to understand how these two things differ so as to figure out which is best for your particular situation. Here are the differences and how you can crawl out from under a large…

The decision to file for bankruptcy is extremely difficult no matter the case. But when you are concerned about what will happen to your assets you may have a harder time making that decision. You may be wondering what will happen to your assets once you file for bankruptcy. However, it’s important to understand that…