Even what seems like a minor injury can send a family’s finances into a tailspin. From a broken bone to a sports-related concussion, medical bills can quickly spiral out of control leaving people facing mounting debt and financial peril. Fortunately, the Bankruptcy...
2 ways college graduates can lighten their debt
Most students are bombarded with advertisements for free credit cards as soon as they enter college. These credit cards make life easier when classes and studying make it harder to work. A lot of your expenses (food, clothes, books and gas) may have been charged to...
After bankruptcy, consider asking to remove items from your credit
When you decide to go through bankruptcy, you know that there may be some negative impacts on your credit score. What you might not think about is how your credit report will retain information for many years to come. The good news is that at least some of those items...
Don’t let these bankruptcy myths fool you
Bankruptcy is one of those areas where a lot of people are willing to give advice without knowing what they are talking about. Following the freely proffered wisdom of bar stool or water cooler experts will not help your financial situation. It may make it a whole lot...
You likely get to keep your tools of the trade through bankruptcy
If you're considering Chapter 7 bankruptcy, you may already know that it is liquidation bankruptcy. You have to liquidate the assets that you own by selling them, you pay back the creditors with the money that you've made in those sales and then your bankruptcy case...
How to start rebuilding your credit after bankruptcy
Filing bankruptcy offers an effective way to regain control of your finances, reduce your stress, and get back on solid ground. While it isn’t uncommon to lose some assets, and your credit will take a hit, most agree these sacrifices are worth it. Once your bankruptcy...
4 steps to take when faced with financial debt
Your financial habits have caught up to you. Now, you find yourself in deep debt. You know that you must do something and take charge of this personal situation. Please understand that you face many challenges, but you can overcome them by taking certain steps, one of...
What will the courts do when a creditor sues you for nonpayment?
People fall behind financially for all sorts of issues. Maybe you were hurt in a car crash and the other driver didn't have insurance. You know you can sue them, but you have bills piling up right now, and the hospital wants to take you to court because you haven't...
Why payday loans can be a dangerous trap
Florida is among the states that still allow payday loans. These can seem like a fast and easy way to get money when you don’t have enough to get you to your next paycheck or a costly emergency comes up. Basically, they just require that you show a pay stub or other...
What does it take to bounce back from bankruptcy?
The decision to file for bankruptcy is never an easy one. It is often a measure of last resort when everything else has failed. However, bankruptcy is not a permanent situation. It is possible to get back on your feet if you are determined. Below are some tips that...
