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...
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Bankruptcy
Why it’s difficult to live paycheck to paycheck
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...
Medical debt contributes to the majority of bankruptcy cases
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...
What to do when credit card debt becomes overwhelming
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...
Why would the court throw out my bankruptcy claim?
If you are dealing with overwhelming debt, and all the other options are off the table, you might consider filing for bankruptcy. Bankruptcy should not be considered a failure in any way -- rather, it can provide you with the fresh financial start you need. However,...
The dangers of stress caused by overwhelming debt
If you have been living with more debt than you can handle for some time, you may be feeling pretty stressed about it. That is entirely normal, but it is not healthy. Having to produce the money you do not have each month to pay bills you cannot afford to pay is...
What do you need when you decide to file for bankruptcy?
If you decide to file for bankruptcy, there are a few things you’ll need to gather before you go to talk to your attorney. The more information you have at your first meeting, the easier it will be for your attorney to provide you with information on what to expect....
What are the health implications of carrying too much debt?
If you have more personal debt than you can afford, you might consider filing for bankruptcy. However, it is understandable if you feel a little worried about that. With all the misconceptions circulating around bankruptcy, it is no wonder that the thought of...
Can you stop a foreclosure with bankruptcy?
Your lender has informed you that they're thinking about starting the foreclosure process. Maybe you've gotten the first official notice – there are many pieces of paperwork that you should receive on a very specific timeline – or maybe you've just realized that...
Serious illnesses like cancer can lead to bankruptcy
Doctors have an easier time now than ever before of detecting cancer. Imaging tests, surgical biopsies and even genetic sequencing of cancerous tissue have increased the speed of diagnosis and the accuracy of results. Patients who discovered that they have cancer also...