Myths abound regarding bankruptcy. Ask the average person who may not be so well-versed in how bankruptcy benefits people, and you are bound to get misunderstandings and misconceptions. Bankruptcy is a tool that helps people place debt behind them and march on to a...
Year: 2021
Beware of scams when exploring your Florida debt relief options
Those facing massive debt in Orlando, Florida, often have no idea how to address their situation. They may consider filing a chapter 13 or chapter 7 bankruptcy solution but then reject the idea because they do not understand the process. Logically, this leads them to...
Should you consider Chapter 7 or 13 bankruptcy?
Chapter 7 and 13 bankruptcy are both kinds of bankruptcy that can help you get out of debt. There are significant differences between them to consider, though. Chapter 7 bankruptcy is usually for those who cannot repay their debts or who may be underemployed. If you...
Will you lose your car if you file for Chapter 7 bankruptcy?
When you have hit rock bottom with your finances and are thinking of filing for bankruptcy, it’s not an easy decision to make. You may be constantly worried about what the future holds. It’s not uncommon for people to worry about keeping some of their most important...
Who files for bankruptcy? Many different people do.
Preconceived ideas about the people who file for bankruptcy persist. Some know-it-alls may insist that this group has a gambling or substance abuse problem. They may gossip about this person being a “no-good bum” who fails to seek work or has a costly mistress on the...
Should you feel guilty about credit card debt?
If you are feeling overwhelmed by mounting credit card debt, it is important to take a moment to think about how you got there. The easy answer is that you spent more than you brought in. While you might have made some unnecessary purchases, circumstances may have...
3 ways bankruptcy can set you up for a better financial future
For many people, the word bankruptcy conjures images of financial hardship. However, bankruptcy is not the cause of someone's financial struggles but rather the solution to issues with personal debt. Yes, bankruptcy has a short-term negative effect on your credit...
If threatened with foreclosure, could bankruptcy stop it?
You and your spouse have lived in the same home for a decade. You have two kids together, and they’ve grown up in that house. It’s a place of comfort and stability for all of you. The children have never considered living anywhere else or thought about having to leave...
Here are the debts you cannot discharge with bankruptcy
When hard times hit, and you are facing insurmountable debts, declaring bankruptcy may seem like the most sensible thing to do. Bankruptcy is a legal process that provides debt relief for businesses and individuals who cannot pay their debts. However, it is important...
Simple steps to help you get out of credit card debt
Used wisely, a credit card can be helpful. However, if you are not careful, a credit card can be a very expensive way to borrow, especially when you are taking longer to pay off what you owe if you are falling behind on the balance. You might have had a genuine reason...