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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woman filing for bankruptcy

Can You Be Required to File for Bankruptcy?

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…

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Bankruptcy: Weighing Your Options

Filing for bankruptcy is never a decision to be taken lightly. But while making the decision to do so can be very overwhelming and scary, it’s important to understand that in many cases the positives of doing so outweigh the negatives. If you find yourself drowning in debt, bankruptcy may be the right to decision…

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credit score

How Will Bankruptcy Affect Your Credit Score?

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…

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