Bankruptcy

When you owe money and do not have the resources to pay the debt in full immediately, creditors may choose to take you to court. If they have evidence validating the debt and their claim that you fell behind on payments, they could secure a judgment related to the...

It sometimes feels like everyone uses credit cards almost all of the time. But this is certainly something of a new phenomenon, and there are still big differences in the ways that various generations view and use these cards. Considering the fact that credit cards...

Many who owe creditors thousands of dollars try multiple methods to pay off such debt. However, many supposed techniques for debt relief simply do not work. They could even make your circumstances worse. If you are determined to explore every possibility before...

Filing bankruptcy can help you when your financial situation gets out of control. However, it can also cause your credit score to fall. While this may be disappointing news, the truth about how bankruptcy impacts your credit score may help you see why filing may be...

Many people don't realize what kind of aggressive collection efforts are legal until they fall far behind on one of their financial accounts. If all you have had experience with so far has been vaguely threatening letters and repeated phone calls to your house and...

If you're interested in bankruptcy but you're still earning a wage, you may find out that you don't qualify for Chapter 7 bankruptcy. You simply earn too much money to use this, even though you still feel that you have too much debt to pay off. It puts you in...

Having your own home isn't just the American dream. It is also an important step for those who want long-term financial stability. Unlike a monthly rental payment, which can increase with little warning, what you pay for your mortgage every month will typically remain...

Many people think about the possibility of filing for bankruptcy for a while before they actually take that step. Some of them might not realize that they’re going to have to do some work as they prepare for bankruptcy.  One thing that you’ll have to do is to gather...

You're struggling to pay back your bills, and much of it has to do with a few thousand dollars in credit card debt. Maybe you had an emergency situation and you had no choice but to put the charges on the card. Maybe your spouse simply went on a spending spree and you...

When you borrow money from a business, you will sign a promissory note or similar legal documents that obligate you to repay the amount owed. Whether you need money to cover medical care or to finance the purchase of a vehicle, you will have to repay the full amount...