Bankruptcy can provide a fresh start after incurring insurmountable debt. Chapter 7 exemptions provide bankruptcy protection over a debtor's property while dealing with debt. Chapter 7 bankruptcy is typically a faster and easier process than Chapter 13. Under Chapter...
Month: October 2019
The good and bad of credit cards
Having a new credit card can provide perks and better credit. But this can also lead to problems such as credit card debt and a bad credit score. The best reasons for opening a new credit card include new member bonuses such as bonus points, miles, and cash back....
Pluses and minuses of credit card debt consolidation
Falling behind on credit card debt is a growing problem, especially for "millennials" who use them to pay for living expenses that are not covered by their paychecks. More consumers are using credit card debt consolidation to pay off their unpaid credit card bills....
A possible solution for medical debt
Medical expenses can be crippling. But, there are several ways to deal with medical debt. Ignoring bills can only make the problem worse. Health care providers will collect on bills for a few months before the account is turned over to a collection agency. When that...
What’s going to happen to your property during bankruptcy?
Making the choice to file for bankruptcy is not easy. If you are considering this choice, it is probably because you find yourself in a place where you can no longer manage your debt and financial obligations on your own. This is a tough choice to make, and one thing...