Chapter 13 bankruptcy is one of the most popular forms of personal bankruptcy. It allows people to protect their biggest assets without liquidating anything and to regain control of their finances even if they make a decent wage. Chapter 13 Bankruptcy is also called...
Year: 2021
Credit card debt could help or damage your credit score
If you have credit card debt, the chances are that the debt you carry could influence your independence. Using credit in the right ways can help you boost your credit score and get you better interest rates on loans such as your mortgage or vehicle loan. However,...
Young adults often develop credit card debt early in independence
Moving out of a childhood home is one of the first major steps toward adulthood. However, it has become increasingly expensive to do. The cost of living independently often forces young adults into significant credit card debt. Although historically older adults with...
Tips to handle the emotional side of bankruptcy
Even when you know well that you have made the right decision, filing for bankruptcy can be difficult. It’s not something you really wanted to do or that you planned to do. You know it can help you and that it’s the best option, but you have to adjust your thinking to...
Should you consolidate your medical debt?
When people are in debt, one of the main options they tend to look at is debt consolidation. There are times when debt consolidation can be an excellent choice, but it’s not always the right solution. Consolidating medical debt may seem like a good way to reduce your...
Can filing for bankruptcy end your wage garnishment?
If you’re already struggling financially to pay your debts and other financial obligations, the last thing you need is to have your income lowered by wage garnishment. Some creditors don’t have the option to order your employer to take money from your paycheck to make...
The most expensive medical procedures
The amount of medical debt that one can create in almost no time is often astounding. A procedure that only takes an afternoon could land you in debt that you can never fully pay off. This is why medical debt is one of the leading causes of bankruptcy. People who...
3 major bankruptcy myths
It’s important to recognize myths in many areas of the law, bankruptcy included. People often don’t even realize that the information they’re spreading is inaccurate. They honestly believe that it’s true, but they have been misled at some point, and they wind up...
How Chapter 13 bankruptcy can help with your student loans
Student loans often comprise the largest debts other than mortgages that people carry. Many people graduate with tens (or hundreds) of thousands of dollars in student loans. In some cases, they may spend their entire working life paying those loans off. Their payment...
3 adjustments to loans you can seek in a Chapter 13 filing
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...