Bankruptcies occur with staggering frequency. They typically result from one of five causes: medical expenses, job loss, excessive use of credit, divorce and unexpected expenses. When these issues result in unmanageable debt, personal bankruptcy is often the only way...
The U.S. bankruptcy code allows people who are insolvent to either eliminate legally dischargeable debts or restructure payments in a way that makes them solvent. Also known as a wage earner’s plan, a Chapter 13 bankruptcy is designed for debtors who have regular...
Debt is difficult. Declaring bankruptcy is even more difficult. But the common misconception is that bankruptcy is inherently a bad thing. It’s, in fact, designed to help you. While there’s a lot of shame that can go into the decision, bankruptcy is designed to give...
While it’s a highly politicized issue currently, there is a truth to the financial hardships faced by Millennials that is, in many ways, completely unlike anything faced by previous generations. Millennials inherited an unstable economic market, a world of entirely...
Chapter 13 bankruptcy is a court monitored repayment plan. It helps individuals pay off their debt within 3-5 years and provides the debtor with an alternative to the liquidation process. Everybody’s financial situation is unique and it’s important to pick the right...
When you are facing financial hardship and are unable to make loan payments on time, your car could be at risk. Like your home mortgage, a car loan is a secured debt and is subject to repossession if you miss a payment. If you are being threatened with repossession,...
