Chapter 7 Bankruptcy

Credit card debt can make you feel like you’re stuck in an impossible bind. Interest rates are high, and you could find that it’s nearly impossible to make headway into paying down what you owe.  There are options to help with this situation. Some are to: Look into...

Have you taken a payday loan? Maybe your car’s brakes went out, and you had no other way to work. Maybe your dog got sick, and the vet bill was a bit heftier than you were prepared to handle. Whatever the reason you got there, you are starting to realize that those...

Some people tend to view their credit cards as emergency funds. If something goes wrong, they know they can just charge whatever they have to. Maybe you tend to spend $4,000 every month, for instance, and it’s all in your budget. Your card, though, has an $8,000...

Bankruptcy is a nerve-wracking and emotional process that usually involves significant stress. As debts pile up, you may feel overwhelmed by the situation you find yourself in. Then, if you are contemplating bankruptcy, you may find yourself worrying even more about...

Difference between secured and unsecured debt Owing more than you can afford is stressful, and contemplating a Chapter 7 bankruptcy without any idea of how it works probably won’t bring relief. Though a fresh start may be just what you need, it’s important to know how...

A negative stigma often surrounds the notion of filing for bankruptcy. Many people attribute it to a personal failing of some sort, but that often isn’t the case. In general, you may simply have a misunderstanding of what bankruptcy can do for you. Here are three...

When you decide to file for bankruptcy, you must decide to file for Chapter 7 or Chapter 13. The chapter that works best for you will depend on your debt and income. But if you choose to file for Chapter 7, you must first pass the means test. In 2005, a means test was...