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,...
Bankruptcy
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...
Addressing some of the common bankruptcy stereotypes
The majority of humans are capable of empathizing and many do have sympathy for those in less fortunate positions. Unfortunately, this isn’t always the case. People who fall on hard times financially are often stereotyped, particularly when they file for bankruptcy....
5 mistakes to avoid if you intend to file for bankruptcy
Filing for bankruptcy can help improve your quality of life, but only if you do everything right. Slip-ups are common, and not everyone enjoys the benefits of the bankruptcy process. Therefore, it is purposeful to learn how 1. Filing under the wrong chapter Should you...
Learning to live again after bankruptcy
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...
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 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...
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...