Filing for bankruptcy is a huge step in anybody’s life. It represents a fresh start and the ability to escape from debt, but there are significant tradeoffs, especially for those who file for a Chapter…
Filing for bankruptcy is a huge step in anybody’s life. It represents a fresh start and the ability to escape from debt, but there are significant tradeoffs, especially for those who file for a Chapter…
The short answer to how filing for bankruptcy will affect your Social Security benefits is that it won’t: Social Security benefits are considered exempt income, and that translates into them being protected from creditors, no…
Thanksgiving, Hanukkah, Christmas, New Year’s Eve, Kwanzaa. The excitement is building as these holidays approach. Unfortunately, the joy of gathering with family often comes with hefty price tags, and that’s particularly hard if you’re going…
According to Forbes Magazine, more than half of today’s college students leave school with student debt. Add those current loans to those taken out over previous years, and there is an estimated total of $1.75…
If you’ve been struggling with debt and haven’t been paying your car loan, the possibility of repossession has probably been looming as a possibility. Though you know that filing for bankruptcy will stop collection efforts…
Making the decision to file for bankruptcy is a serious one, and a step that many people put off until they feel they have no other choice. If you’ve fallen behind on your mortgage payments…
If you’re considering filing for bankruptcy, you probably know all too well what credit scores are and what they mean: these measures of creditworthiness are calculated using information about how much money you owe, your…
Disposable income — what it is and how much of it you have — is one of the most important determining factors in whether your bankruptcy will be filed under Chapter 7 (allowing you to…
A discharge in bankruptcy is essentially the end goal of the legal proceeding. When you file for bankruptcy, you are asking the court to forgive the debts that you have accrued. The court will determine…
The mere idea of bankruptcy is so frightening to so many people that they often delay the process and go deeper and deeper into debt. Though many avoid filing because they are embarrassed or believe…
Whether you realize it or not, when you first applied for your credit cards, you signed a contract. The offer of credit and your agreement to pay were both based upon the information you provided…
If you’re considering filing for bankruptcy, your debts have piled up to the point where you simply have no idea how you’re going to climb out from under. It doesn’t matter how you got into…
Though most of us have a vague sense of what bankruptcy is, the specifics of the different chapters are a different story. There are distinct and important differences between the many versions of the legal…
Deciding to file for bankruptcy is tough. Despite the well-meaning, encouraging voices telling you it represents a fresh start and wiping the slate clean, to many people if feels like surrender or failure. The holidays…