You realize that you’re going to need to declare bankruptcy. There’s just no way that you can afford all of the debt that you have. It may not be your fault -- maybe you lost your job or ran into unexpected medical debt -- but it’s true either way: Your debt is...
Month: April 2021
Can you reduce your credit card debt through negotiations?
Most people with overwhelming debt look to manage it without resorting to bankruptcy. Wanting to pay your bills is honorable and shows that you're not looking to avoid your obligations. Like most debtors, you may only need some help managing your financial situation....
Medical debt challenges in America continue in 2021
Medical debt is a significant problem in America that leads many people to turn to bankruptcy. As of an April 7 report by the United States Census Bureau, 19% of households in America admitted that they could not afford to pay for medical care that they had previously...
What happens once you fall behind on your mortgage?
Your mortgage is arguably the most important monthly expense that you have. The house that you live in serves as the collateral for that loan, which means that if you fall behind, your home ownership status is at risk. Once you fall behind, your mortgage company will...
