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...
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Bankruptcy
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...
Why do bankruptcy requests get denied?
Deciding to file for Chapter 7 or Chapter 13 bankruptcy often comes after a cold, hard reckoning of facts. You acknowledge that you may have bitten off more than you could chew, and you are now in a financially precarious situation with no better alternative. Still,...
Does bankruptcy end your eligibility for consumer credit?
Most American families use multiple kinds of credit to keep the household financially solvent. People finance big purchases, like vehicles and houses. They may also use credit cards to pay for costs that exceed their monthly budget, like unexpected vehicle repairs....
Handling medical debt through consumer bankruptcy
If you were ill and now have significant medical debt, you may be overwhelmed by the amount that you’re expected to pay. Realistically, medical debts add up quickly when you’re hospitalized, and those bills may be more than you’ll earn even if you work every day for...
Setting the record straight about bankruptcy misconceptions
People have false notions regarding consumer bankruptcy, the process and its aftermath. Before making your decision, familiarize yourself with some facts. The truth about bankruptcy may be very different from what you have previously heard or believed. Fallacies...
When should you consider filing for bankruptcy?
When you fall behind on paying your bills, it can quickly lead to an overwhelming accumulation of debt. Past-due balances, defaulted loans and missed payments are not only stressful, but they can also lead to other unpleasant consequences, such as debt collection...
Signs your credit card debt might be out of control
Credit card debt is something that anyone can struggle with. When credit card debt can amass so quickly, it is no wonder that the average person has several thousand dollars of credit card debt. While many people have credit card debt, there is a limit to how much...
The benefits of the automatic stay after filing for bankruptcy
Making the decision to file for bankruptcy is a complicated one, and it may not be your first choice when facing an excessive amount of debt. While there are many misconceptions about bankruptcy and what happens during this process, it is often a practical and...