Man filing for bankruptcy

What to Know About Lien Stripping

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…

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woman in debt

How to Know if You’re Facing Creditor Abuse

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…

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credit card

Credit Card Use After Bankruptcy

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…

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unemployed woman with debt

Can You Discharge Debt Through Unemployment?

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…

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