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June 2016 Archives

Signs that bankruptcy might be a good option

Many Escondido residents know that filing for bankruptcy may be a useful option when financial challenges become overwhelming. Chapter 7 bankruptcy, in particular, is a good option to discharge debt for those who qualify. But, if an Escondido resident's finances aren't suddenly impacted by expenses caused by an unexpected medical condition or savings evaporating due to job loss, how does one know that the household finances are heading toward the point where considering bankruptcy might be a good idea?

The life of your business after filing for bankruptcy

For some residents in California, dealing with minor financial challenges is common; however, these are often easily overcome with proper budgeting or adding another job to his or her life. When a small business owner deals with financial problems, this is frequently owed to business debts, personal debts or both. Depending on the severity of the situation, some circumstances require a business owner take more serious steps, such as filing for bankruptcy.

What age group has the highest amount of credit card debt?

A recent post here described some of the credit card hurdles that recent college graduates may have to address as they head out into the world on their own for the first time. Some people may automatically assume that younger people, like recent college graduates, may be the most prone to running into significant credit card issues, such as credit card debt. But, are younger people really the age group that carries the highest amount of credit card debt?

What are some reasons to file for Chapter 7 bankruptcy?

When Escondido residents get to the point with their finances that they think it may be necessary to file for bankruptcy, they probably want to make sure they are making a financially sound decision. In reality, there are many good reasons to consider filing for bankruptcy.

Escondido residents address credit card debt through bankruptcy

Most people in America have at least one credit card. Many people have multiple credit cards. Credit cards can be a useful financial tool in some situations, such as covering emergency and unexpected expenses when short on cash. However, they can be a source of a significant problem that continues to build in this country in many forms: unpaid debt.