A surprising number of people see bankruptcy as a sign of personal failure. There is a lot of assumptions about what leads people to file for bankruptcy. There are certainly people who file because they spent too much on their credit cards or develop a gambling...
When you declare bankruptcy, that filing does go on your credit report. It can impact your ability to get a loan in the future. Even as you work to rebuild your credit score -- which is not as difficult as many people assume -- that filing will keep the score lower...
If you have fallen behind on your bills and are struggling to make ends meet, you’re not alone. In 2018, there were 461,897 Chapter 7 bankruptcy filings and 288,272 Chapter 13 filings. Plenty of people find themselves in positions where they need to make a quick...
Currently, lawmakers are evaluating proposed legislation for a potential vote that will allow for the establishment of a Chapter 10 bankruptcy filing classifying student loan debt as unsecured loans, just like credit cards. This means that many Texas residents who...
The decision to file for bankruptcy is not an easy one. If you’re having difficulty deciding, that’s a good sign. It means that you recognize the seriousness of the situation and are taking time to fully weigh your options and the consequences of any option you...
It seems that more Americans are facing complex medical procedures and rising healthcare costs than ever before. With the increasing costs of medical treatment and the possibility of income shortfalls from divorce, layoffs or housing emergencies, more and more...
Our mental and physical health are tightly linked. Few things demonstrate this as well as financial stress – one of the most common sources of anxiety. According to one health insurer, nearly three out of every four Americans say they occasionally stress about money....
Whether divorce, job loss, medical reasons or overspending paved your path to debt, many people go through turbulent times with their finances. Some financial burdens are solvable through consolidation or strict budgeting. Others require more drastic measures....
Whether you are behind on hefty medical bills or substantial credit card payments, that’s your business. But the last thing you should have to put up with is unjust pestering when you are trying your best to make ends meet. Financial burdens have the word “burden”...
Loans are an almost inevitable part of getting businesses up and running, although it is tempting to try to keep control of an enterprise. Borrowing is often important when businesses are trying to expand. But this can leave some banks or investors out of luck if a...
