When a person co-signs for a loan they agree to pay the debt if the borrower isn’t able to make the payments. The reason why a co-signer is required is because the lending institution doesn’t have full faith, based on their analysis of the borrower’s...
Filing for personal bankruptcy is never anyone’s first choice when it comes to rectifying a person’s finances but there are times when it becomes necessary. There are times when the negative aspects of filing for personal bankruptcy are outweighed by the benefits...
The death of a loved one is always traumatic. The trauma can be compounded when you are faced with a reduction in the income needed to pay your bills and those incurred by your late spouse. Knowing which bills you are obligated to pay, and which debts should be...
Many Americans are in debt. In the second quarter of 2021, consumer debt in America reached a new high, totaling $14.96 trillion dollars.1 The average debt balance for individual consumers in America reached almost $93,000 in 2020.2 This debt balance included...
While filings for Chapter 7 and Chapter 13 bankruptcy are ultimately down in 2021, the situations that often lead to bankruptcy are on the rise. Bankruptcy doesn’t happen in a vacuum, nor does it happen overnight and plenty of those underlying bankruptcy causes were...
In September 2020 the Centers for Disease Control and Prevention (CDC) issued an Eviction Moratorium which was overturned by a U.S. Supreme Court ruling on August 26, 2021. While in effect the moratorium, issued because of the pandemic, banned landlords from evicting...
