Bankruptcy

Bankruptcy myths are fairly prevalent. There is a lot of misinformation out there. Oftentimes, people repeat myths that they have heard from someone else without checking to see if what they’re saying is factual. Once people hear these myths enough times, they start...

People expect payday loan providers and credit card companies to be aggressive or outright abusive when collecting on a debt. These organizations primarily profit off of people's debts and therefore have very little tolerance for late payments. They have a well-earned...

Bankruptcy is not something most people plan or look forward to. Besides potentially injuring your credit score, bankruptcy can remain on your credit history for quite some time – and these can have a range of consequences.  Unfortunately, life is full of...

Inflation is on the rise, wages are stagnant and people are having a hard time making ends meet – and that’s just when you’re considering the regular month’s expenses. Even a small unexpected repair bill or a minor financial emergency can leave many households...

Filing for bankruptcy may be the best option for protecting some of your assets, eliminating debt and stopping certain legal actions against you. Thus, if you are in significant amounts of debt that you can't pay, consider this move. Nonetheless, you need to be...

Are you on the brink of losing your vehicle because you’ve defaulted on the loan? Filing Chapter 13 bankruptcy may be the saving grace that keeps you behind the wheel.  Keep reading to discover how this powerful financial tool can help you avoid repossession and get...

Many people in Alabama struggle to make ends meet. In this situation, a viable option may be to file for bankruptcy. However, you may have many questions about this process. For example, can you keep your credit cards? What happens to your credit cards when you file...

Living paycheck to paycheck refers to a situation where you must have that next paycheck in order to pay your bills. As long as all of your income arrives in your bank account every month, you can make ends meet. But there is no extra leftover if there is ever a break...

There’s no one source of debt that is singlehandedly responsible for the majority of bankruptcy filings every year. Most filings include numerous types of debt. Someone who is filing bankruptcy because of overwhelming credit card debt, for example, may also have...

Used in moderation, credit cards can be a helpful financial tool. They can be utilized to pay bills, buy groceries or finance larger purchases. The downside is that credit cards also have the potential to get you into significant debt. Millions of Americans currently...