People file for bankruptcy for many different reasons. Sometimes, what they need is immediate relief from aggressive collection efforts. If someone falls behind on credit card payments, for example, a company might sue them in an effort to garnish their wages. When...
Month: July 2023
Bankruptcy and wage garnishments
Bankruptcy and wage garnishment are two areas of financial distress that often intersect. Wage garnishment is a court-ordered process where a portion of an individual's earnings is withheld by an employer for the payment of a debt. Bankruptcy provides an avenue for...
Do seniors risk losing their government benefits via bankruptcy?
If you’re in what are meant to be your “golden years” and mired in debt, you’re not alone. Bankruptcy rates among Americans 65 and older have increased significantly in the past few decades. If you’re considering filing for bankruptcy to provide relief from the...
The vicious cycle of credit card cash advances
Cash advances from your credit card seem like a convenient solution when you face an unexpected bill or cash flow problem. With the quick withdrawal of funds, it can be easy to think that taking out a cash advance isn't such a bad idea. Taking cash advances on credit...
