Bankruptcy is designed to ultimately give Americans a fresh start on a stable financial future. In order to do so, there are some items that you own which state and federal laws allow you to keep during your bankruptcy. These items are called exemptions or exempt...
Americans shouldered about $1.36 trillion in automobile loan debt in 2020, with an estimated average balance of $19,646, ranking automobile debt as the third largest debt category.1 Home mortgages and student loans are ranked as first and second, respectively. While...
Declaring bankruptcy may be one of the most challenging decisions you have to make, mainly because it has long-lasting effects on your credit. There are many options to look at before deciding to file bankruptcy, such as debt consolidation, and sometimes debtors are...
There are a lot of untruths, or myths, surrounding filing for personal bankruptcy. Sometimes these myths are perpetuated based on rules, regulations and laws that have changed over the years. Most of the time, however, the myths are due to the complexity of bankruptcy...
Sometimes, life happens. If you’ve recently experienced personal bankruptcy, or are in the midst of a financial hurricane, it’s normal to feel anger, frustration, and shame. For many of us, bankruptcy is our worst nightmare and can feel like the ultimate financial...
It is always upsetting when you are notified by a court that your wages are going to be garnished due to unpaid child support or some other form of unpaid debt. The payroll firm ADP reported that about 13 million employees had wage garnishments in 2013 with the top...
