Many of us have bought into the American dream of owning a home. Homeownership is often seen as a symbol of financial stability and success. But sometimes, the dream can become a nightmare, especially if you are underwater with your mortgage. What does it mean to be...
Month: August 2024
Common consequences of a creditor filing a debt-related lawsuit
Creditors owed money by individuals have a variety of options available when collecting on a debt. They can send strongly-worded collection letters, make collection phone calls and report the matter to the credit bureaus. In more serious cases where individuals cannot...
Does bankruptcy get rid of student loan debt?
In addition to a degree, millions of Americans leave college with an overwhelming amount of student debt. The current average amount of this debt is over $29,000. When combined with mortgage and car payments, student loans can stretch monthly income to its breaking...
The dangers of self-filing for bankruptcy
People often go it alone when filing for bankruptcy for various reasons. Some do it to save on legal fees, while others wish to maintain direct control over their case or believe their situation is straightforward enough to manage independently. However, self-filing...
