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There are a number of myths surrounding bankruptcy that can scare people away from getting a fresh start and relief from overwhelming debt. One of the most common myths is that your credit score will never recover after filing bankruptcy. You might think that you’ll never…
You have struggled to pay your bills, and that has been reflected in your credit score. Now in the 400s, your score is nearly as low as it can be. You know that you won’t be able to get more credit, and you don’t see a…
Mounting debts can make anyone’s life difficult. While you likely want to repay yours, you may lack the ability to. Yet, you may fear that some of your debts do not qualify for discharge. This may be the case, but it depends on the debts you…
Of all the kinds of debt, medical debt is among the most shocking. When you go through an emergency, you’re focused on your health. You do what you have to do to be healthy again. You go without work and spend time focused on recovery. Then,…
Bankruptcy can be a lifesaver for many people who are struggling with unexpected or sudden financial debt. Although Chapter 7 and Chapter 13 bankruptcy can be the key you need to get a clean slate while starting over, which option is best for you? Bankruptcies are…
When people talk about predatory lending, they often focus on credit card companies, many of which can charge interest rate percentages that range from the high teens to the low 30s. Paying 30% interest may seem unfair and unreasonable, which may make people look for other…
Bankruptcy is a powerful tool that can help people manage their debt or eliminate a vast amount of it. While the benefits of bankruptcy can free a trustee from massive amounts of financial debt, it takes time to experience the benefits of bankruptcy. Bankruptcy is a…
When you bring up the issue of student loan debt, which has reached historic proportions in the United States, you will find those who think it is just a problem for the students. They may suggest that they never should have signed on for those loans…
When you file for bankruptcy, you’re acknowledging that you aren’t able to pay your debts. This triggers a legal process in which your case is handled by the court. If you’re filing a Chapter 7 bankruptcy, your nonexempt assets are liquidated to pay off the creditors.…
The one form of debt that many Hixson, Tennessee, residents worry about the most is medical bills. After all, if you cannot pay the medical debt you already owe, it may cause you to avoid seeking treatment for new and existing conditions. However, ignoring the debt…
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