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In many cases, people know they are struggling with overwhelming debt, but they think there is nothing they can do about it — even via bankruptcy. The reason is that much of that debt they’re carrying is from student loans. Truthfully, it can be harder to…
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…
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. You might already…
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…
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…
When you are facing significant debt that you cannot manage, your financed property is at risk. Under the right of repossession doctrine, your creditors can take action to reclaim vehicles, jewelry, artwork and other items that you have not completely paid off. As you explore your…
If you went to college and ended up with significant loans, you may be disappointed to know that you can’t usually discharge those loans in a bankruptcy. U.S bankruptcy law makes it harder to discharge these, but you may be able to if you take the…
You may have read in the past that medical debt does not appear on your credit report. That isn’t entirely true. The reality is that the types of medical debt that may appear on your report could vary, and it is possible that at least some…
Like many people with student loan debt, you may have been crossing your fingers and toes recently. You might have been hoping that the $1.9 trillion relief bill announced this week would have spared some change to wipe away your debt. Sadly, that has not happened.…
You may have heard that payday advances are very risky. For some, they create insurmountable debt. Taking them out can be a serious financial error that leaves you looking for solutions. But why don’t they work? The idea behind a payday advance sounds practical enough. You…
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