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 discharge...

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 true either way: Your debt is...

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 will...

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 extra step known as...

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...

Far too many Tennessee residents dread filing for bankruptcy as if doing so condemned them to a life of poverty and abject disgrace. It is just that sort of thinking that can leave consumers wrestling with unmanageable debt until the day they die. Certainly, filing...

Medical debt can sneak up on people. It only takes one heart attack, car crash or other adverse medical event to put someone out of work and drastically alter their household financial circumstances. Quite a few people think that because they have health insurance,...

Data compiled by the Federal Reserve Bank of St. Louis shows that student loan debt increased by 107% during the last decade -- yet, student loans are frustratingly difficult to eliminate even in bankruptcy. Things may be looking up for drowning borrowers, however....

You have decided that it’s time to declare bankruptcy. Perhaps you lost your job, ran into excessive credit card debt, accumulated massive medical bills or something else entirely. No matter why it happened, you’re facing financial challenges that can only be overcome...

People use credit cards to pay for purchases or bills. Most credit card balances come from purchases made directly with the card at the point of sale. However, the companies that issue credit cards eventually realize that many people need financial resources to pay...