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...
Month: November 2021
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...
