COVID-19 has resulted in many households facing economic damage that would have been inconceivable before the pandemic. Many lost their jobs and had to go on unemployment; however, often, even with enhanced benefits, unemployment compensation has not been enough to...
Consumer bankruptcy is one of the most important American rights. Without it, citizens could be subjected to ruinous collections practices enforced by the courts. Unpayable judgments would prevent bankrupt households from becoming solvent, resulting in dire poverty...
Debt is a sure part of life at some point in life. Even the most frugal person will find themselves owing money to someone at some point. Going to school, buying a house, buying a car, virtually all major adult milestones will require borrowing money unless you hit...
Bankruptcy is not a walk in the park. It’s not easy on your wallet, on your finances, and it’s not easy on you emotionally or mentally. It’s stressful and even devastating and that’s okay. Understanding that this is going to be a burden for you emotionally and...
American households face a tsunami of debt. Prior to the pandemic, credit card balances were already at record levels, as were auto loans. Just 12 years after the housing crisis, mortgage debt has eclipsed pre-recession levels. Then the pandemic arrived. Though the...
With the economic chaos brought about by COVID-19, millions of once financially secure Americans have been forced to think about bankruptcy. Many households who are feeling the pressure include seniors who rely on Social Security. If you receive Social Security, it’s...
