Most people look forward to the day their bankruptcy is discharged. You may not realize that things aren’t going to be too different when you’re out of bankruptcy. One of the most important things to remember as your bankruptcy nears the end is that you have new...
Year: 2022
The truth about 3 common bankruptcy myths
Filing for bankruptcy is a smart option for those experiencing significant financial hardship. Unfortunately, due to the countless myths out there about bankruptcy, you may be confused about what it can and can't do. Knowing the truth about common bankruptcy myths...
When should you wait a little before filing for bankruptcy?
Your wife just lost her job due to downsizing. Since you were already living paycheck to paycheck, it’s not hard to see that bankruptcy is your only real option for managing your debt and getting life back on track – but should you file right away or wait for a...
What are the pros and cons of bankruptcy for seniors?
When economic times are tough in America, it typically affects everyone, even senior citizens. More and more U.S. elders are having a hard time managing their debts in the 21st century. As some of the nation’s most vulnerable citizens, elders need debt relief options...
What happens if a hospital puts a lien on your home?
Your home is your most valuable asset, so you probably prioritize paying your mortgage above everything else. If you find yourself without income, you may use what you have in savings to pay your mortgage for several months while using credit to cover other costs or...
Credit card debt has changed in the United States
It’s interesting to think about how credit cards are being used and how they’re influencing the way people live in the United States. Are people still using credit cards the same way they always have? Are they relying on them to get from one paycheck to another? What...
Understanding bankruptcy exemptions in Florida
A widespread misconception about filing Chapter 7 bankruptcy is that you will lose everything. However, that’s not the case. You can exempt some of your assets and protect them from liquidation in the bankruptcy. Every state has its own bankruptcy exemption laws,...
How do you verify your medical debt?
When you’re struggling to pay bills because you had a major medical emergency and couldn’t work like usual, it can be extremely upsetting to see more bills come in the mail. This is particularly true when you don’t understand where the debts are coming from or who is...
Effective ways to pay off your credit card debt
If you feel like you are drowning in credit card debt, it can be hard to know where to start. If you have a bit of money available, knowing which card to tackle first can vastly increase your chances of success. Here are two options to consider: Pay off your...
3 solutions for a financed vehicle in Florida bankruptcy
Many Americans finance their vehicle purchases. It is much easier to work a monthly payment into your budget than to try to gather the funds for an outright purchase of a vehicle. You can obtain a better quality vehicle with financing because you will have more...