Both Chapter 7 bankruptcy and Chapter 13 bankruptcy can offer relief from many types of unsecured and other debt, as well as help to reduce financial pressure from creditors that can reduce the quality of your life in a number of ways. However, bankruptcy's benefits...
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Bankruptcy
In debt? Here’s why you shouldn’t raid your retirement accounts
Living under a heavy burden of debt can be incredibly stressful. Most people feel strongly about making good on their financial obligations, and will go to great lengths to climb out from under a mountain of debt. While attempting to repay outstanding debts makes...
3 reasons to make debt relief part of your New Year’s resolution list
Making ends meet is difficult enough. However, there are many people who struggle under an extremely heavy debt load, and getting out from under that financial burden is or should be a top priority. If you or someone you know is in this situation, then perhaps debt...
3 things to avoid doing when you’re preparing to file bankruptcy
Living under a heavy burden of debt is difficult. Many people feel stuck in their financial circumstances, and are unsure of how to dig themselves out of a dire situation. This sentiment is especially common around the holidays. For many in these straits, filing for...
What you need to know about the Chapter 7 means test
Despite working hard, many people find that there is not enough money to go around at the end of each month. As a result, it is only a matter of time before bills and other financial obligations begin to pile up. If you are in this situation, you may have considered...
Four reasons not to delay filing bankruptcy
When you are having financial problems, you may feel that there is a stigma attached to filing bankruptcy. As a result, many people try other options first, such as borrowing money on available home equity credit lines, cashing out retirement accounts or even...
Which type of bankruptcy would best fit me?
If you are one of the many that find themselves in financial difficulties, you likely are feeling large amounts of shame, fear and stress. Although this is normal when faced with a financial crisis, rest assured, you are not trapped in your present situation.For many...
When should I seek legal advice for my debts?
If you are deeply in debt, the feelings of fear, guilt and failure can quickly take over. Unfortunately, when this happens, it is easy to become paralyzed by your feelings and do nothing to solve your problem, even though this is the time that you need help the...
Top three myths about bankruptcy debunked
Many people have heard about bankruptcy, but are not exactly certain about what it entails. As a result, many myths about the process and how it affects filers have circulated throughout the years. Consequently, it is important for you to understand how the most...
3 steps to rehabilitate your credit score after bankruptcy
If you are hopelessly struggling with debt, you may be reluctant to seek the bankruptcy relief that you need, because you are afraid that it will ruin your credit. Although bankruptcy will likely negatively affect your credit score in a significant way, its effect is...