Bankruptcy

Many people want to avoid filing for bankruptcy for as long as possible due to the impact it can have on their credit score. However, it is a great way to get a clean financial slate, and the damage it causes is temporary. It is even possible to work toward fixing it...

Bankruptcy is a valuable tool for individuals from all income backgrounds. However, a cloud of misconceptions surrounds it. Examples of such falsehoods include that bankruptcy is only for financially irresponsible individuals (most bankruptcies are due to...

Historically, there has been a stigma associated with bankruptcy. This is far from the truth, that bankruptcy is simply a valuable tool offered by the government to give those in a hard place a way out of crippling debt. There are many possible causes of bankruptcy,...

Filing for bankruptcy, as uncomfortable as it may be, might be one of your only options for starting over. What you may not realize is that it is actually a very valuable resource when leveraged the right way. When you know how to use bankruptcy to your advantage, you...

If you struggle with burdensome debt that makes you feel hopeless, it is imperative to take a close look at the options in front of you and address your financial problems appropriately. In some instances, this involves filing for bankruptcy. It is vital to evaluate...

If you seem to have less money nowadays than ever before, you may be a victim of high inflation. Indeed, according to the U.S. Congress Joint Economic Committee, average Americans are paying roughly $400 more per month for everyday items than they did in January 2021....

Not everyone qualifies for Chapter 7 bankruptcy. Though most people meet the income requirements, there is a limit to how much you can earn. Chapter 7 requires you to pass a means test that measures if your family income falls under South Carolina’s median income....

If you run into severe financial problems and begin receiving warning letters or notices about foreclosure, bankruptcy may help you keep your home. As described by Bankrate.com, after filing a bankruptcy petition, creditors may no longer contact you because of the...

Medical emergencies leave many Americans with unmanageable debts. Individuals who experienced an unexpected illness may have taken time off from work to recover. An inability to return to work soon enough, however, could cause significant harm to a household budget....

The term “gray bankruptcy” is shorthand for a bankruptcy by someone age 65 or older. Unfortunately, as the U.S. population continues to age, the number of gray bankruptcies likewise continues to increase. The main cause for this, as a survey conducted by the National...