Chapter 13 bankruptcy is a viable option for those who don't qualify for Chapter 7 bankruptcy or who have valuable personal property that they would like to protect. There is no liquidation requirement in a Chapter 13 filing, which means you don't have to sell off or...
Month: November 2022
Why do most bankruptcy cases happen?
Many bankruptcy cases are the result of numerous different factors that are all working together. For instance, someone may already have been struggling to make ends meet due to their student loans. It may technically be their credit card debt that they can’t pay off,...
Don’t underestimate the effect of your debt on your mental health
If you’re seriously in debt, you know the toll it takes on your lifestyle, your credit rating and even the ability to provide the necessities for yourself and your family. However, you shouldn’t minimize the effect that falling deeper and deeper into debt can have on...
How long will the credit bureaus report your bankruptcy?
Filing for personal bankruptcy will extend multiple, valuable protections to individuals and businesses struggling with debt. The act of filing leads to an automatic stay, which stops collection activity for a little bit. If the courts approve the bankruptcy filing,...
Where are all these medical bills coming from?
Thanks to the Affordable Care Act and other programs, more Americans than ever have health insurance. In fact, roughly 92% of people in this country now have coverage. So, why have half of all U.S. adults say that they have trouble affording their health care, with...