Credit cards are important financial resources that give people flexibility between paychecks. Having revolving lines of credit can mean that someone is able to absorb unexpected expenses or a sudden drop in income due to injury or illness. Unfortunately, people often...
Month: March 2023
4 mistakes to avoid when filing for bankruptcy
Filing for bankruptcy can be a difficult decision, but it can also be the first step toward regaining financial freedom. Therefore, it is prudent to understand how things work and what you can do to make the most of the bankruptcy process. An excellent starting point...
Can I get a mortgage after bankruptcy?
People often worry about declaring bankruptcy because they think that it will make future borrowing impossible. For example, maybe you’re facing medical debt and credit card debt that you would like to eliminate through bankruptcy. But you’ve also always dreamed of...
How does the automatic stay impact garnishments and collections?
People who’re swimming in debt may benefit from filing for bankruptcy. A person who takes advantage of this opportunity will have the benefit of an automatic stay, which is a court order that halts collection attempts by creditors. The automatic stay, garnishments and...
Why do some people delay filing for bankruptcy?
Filing for bankruptcy protects you from high debts and lawsuits. Thus, it's vital to know when you should file for one . Nonetheless, some people overlook filing for bankruptcy, resulting in more trouble that they could have avoided if they had acted sooner. Here are...
Can bankruptcy affect your job search?
You may have heard horror stories about people losing job opportunities because they had bad credit. Now you may wonder how it will affect your job search if you file for bankruptcy. But bankruptcy doesn't have to be a roadblock to employment. Bankruptcy is more...
