You know that bankruptcy offers a way to financial freedom, but you do not know what you may have to sacrifice to enjoy that freedom. What could you lose to creditors in bankruptcy? Bankrate explains which assets remain on the table during bankruptcy. Learn how to...
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Consumer bankruptcy
3 tips for building credit after bankruptcy
Bankruptcy can help you dissolve or eliminate unmanageable debts. This can be a valuable lifeline if you struggle with debt that you may not be able to pay off, and it is a common experience for many. According to the United States Courts, in the 12-month period prior...
Selecting a credit counselor
Whether you took on high levels of debt because of a health condition, the loss of your job or some other hardship, it is pivotal to explore your options (such as comparing Chapter 13 and Chapter 7) and make sure that you understand the various requirements associated...
What happens to back taxes in bankruptcy?
Eliminating tax debts is not as easy as debt relief company commercials make it seem. The Internal Revenue Service (IRS) or overseeing state only discharges tax debt in special circumstances. Typically, bankruptcy does not wipe out most past due taxes. However,...
Can I get a credit card after bankruptcy?
For many people, credit cards represent a temptation that is difficult to ignore. However, credit cards are very useful. You may wonder if after a bankruptcy you will be able to get a credit card. It is likely that after declaring bankruptcy, getting a traditional...
Do courts have to grant a discharge of my debts in bankruptcy?
One of the common misunderstandings of consumer bankruptcy in Arkansas and Tennessee is the belief that bankruptcy discharges all eligible debts. Each Bankruptcy Code chapter sets parameters around the types of debt a judge may discharge, but ultimately, the court...
Why are debt-relief companies problematic?
Understandably, you want to explore all your options before filing for bankruptcy in Tennessee. To that end, you consider working with debt-relief companies. Could they do more harm than good? The AARP explains why debt-relief programs do not live up to their name....
What happens to medical bills in bankruptcy?
You may feel overwhelmed with debt. Especially, since you faced an unexpected knee surgery last year, which also required several sessions of physical therapy afterward. You may wonder if you should consider bankruptcy. But will it wipe out the thousands you owe in...
How does bankruptcy impact my credit?
One of the things that keep people from filing for bankruptcy is the fear of long-term consequences. What good is discharging or managing debt if your credit is too bad to let you do anything with your new financial freedom? Do the benefits of bankruptcy outweigh the...
Can my bankruptcy impact my job search?
Bankruptcy can give you and your finances a fresh start. However, some may worry about how their recent bankruptcy filing could impact their employment search. For those who filed and are looking for work, the circumstances may be a bit different. While it’s illegal...