If you feel like you're drowning in debt, seeing a commercial for a debt relief program can seem like a lifesaver. All you need to do is call the number on the TV, and they will put you on the yellow brick road to financial freedom. But before you hit the dial on your...
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Consumer bankruptcy
Can filing for bankruptcy stop foreclosure?
Those facing a potential foreclosure are often searching for any options they have to keep their house. The first thing to note is that you do have time to consider your choices. The foreclosure process takes months, and your lender likely won’t begin it until you’ve...
Bankruptcy is a powerful financial tool, not a sign of failure
A negative attitude about bankruptcy is relatively common. While bankruptcy can be a powerful resource for businesses and individuals dealing with financial challenges, many people are judgmental about bankruptcy. They fall victim to the common bankruptcy myth that...
Bankruptcy may lead to a host of emotions
Financial stress is difficult to deal with under any circumstances. Once a person realizes that they can’t possibly cover their bills on their income, they may look for ways to decrease those bills or increase their income. This isn’t always easy. For some people,...
When bankruptcy and divorce collide
There is no doubt that financial problems can strain a shaky marriage to its breaking point. If you are struggling financially and also find yourself gritting your teeth just to get through the holidays with your spouse, it might be time to have some hard...
The top causes of medical debt in the U.S.
Medical debt is an issue that millions of Americans face. It is one of the leading causes of financial instability and bankruptcy. People are often left with no choice other than to not have medical treatment or take on more debt than they can afford to pay back. ...
Can you file for bankruptcy again?
Every year, thousands of people file for bankruptcy. Bankruptcy is a process that allows people to discharge many overwhelming financial obligations. Some of the most common reasons people file for bankruptcy include credit card debt, medical bills, divorce and job...
Holiday gifting tips if you’re filing Chapter 13 in the new year
If you’ve decided that 2025 will be the year you finally take the step of filing Chapter 13 bankruptcy to get your debt under control, that can feel like the beginning of a huge weight being lifted off you. Before then, you’ve got to get through the holidays and all...
Divorce can put a heavy strain on an individual’s budget
Divorce inspires emotional upheaval, and oftentimes, its financial impact is equally challenging. Many couples who divorce face the daunting task of managing radically altered budgets, expenses and lifestyles as they shift from a two-income household to two...
3 common myths that deter people from filing for bankruptcy
Bankruptcy is an important form of financial relief for those experiencing hardship. Bankruptcy can put an end to aggressive collection efforts and can help people eliminate some of their debts through a discharge. Individuals who have suffered major medical issues,...