Bankruptcy doesn't just help you discharge your unsecured debts. It also stops collection activity and helps you rework your budget. Chapter 13 bankruptcy, in particular, can help those with a steady income and personal property protect themselves during times of...
Month: July 2021
How long do you have before missed payments lead to foreclosure?
You have to have a solid income, a substantial savings account and a decent credit score to qualify for a mortgage. Typically, you will have to show years of reliable payments made on rental properties or other lines of credit as well to prove that you know how to...
What does it mean when your wages are garnished?
After working diligently in your chosen career, imagine the surprise when you look at your pay stubs and see that you are missing money. You had a budget that was depending on those funds, and now they are gone. What happened? It’s called garnishment of wages. Many...
Three things you can do to keep medical debt off your credit report
A serious illness or an injury can disrupt your life in many ways. You need to recover, and you may be overwhelmed for a moment as you struggle to get back on your feet. There is a strong chance your finances will be impacted too. If an unpaid medical bill finds its...
3 benefits of filing a Chapter 13 bankruptcy instead of Chapter 7
Many people think of Chapter 7 or liquidation proceedings when they think about bankruptcy. However, there are multiple different forms of individual filings. Other than Chapter 7, Chapter 13 is arguably the most common. Chapter 13 filings require a repayment plan...
