Helping With Your Financial Future
When a business begins to face the looming threat of bankruptcy, leaders are forced to make tough decisions not only about operations but also about communication. One of the most difficult choices is whether to inform employees about the company’s financial...
If you live in California, you already know healthcare costs can drain your wallet fast. What you might not know is how many neighbors face the same crushing burden of medical bills. Medical debt does more than pile up paperwork on your kitchen table. It wrecks your...
Declaring bankruptcy can affect you emotionally. You may experience guilt, shame, anxiety, stress and loss of self-esteem. These emotions can impact different aspects of your life, including your ability to bounce back. Thus, it's crucial to understand how to manage...
Filing for bankruptcy is never easy. Even if it is a good step for your future, the social pressure and judgment from others can weigh heavily. You might feel ashamed, embarrassed or even isolated. But here is the truth. Financial struggles happen, and choosing to...
If you're struggling to stay afloat financially and see no realistic way to repay your debts after a job loss, you may be considering Chapter 7 bankruptcy as a way to reset. While it’s not the right solution for everyone, Chapter 7 can offer a fresh start for many...
A lot of people think that insolvency and bankruptcy are essentially the same thing – or at least that insolvency is a precursor to bankruptcy. That’s why it’s important to understand that they are two different things – and that recognizing and handling insolvency...
When a business files for Chapter 11 bankruptcy, it can keep operating while fixing its financial problems. The company leaders stay in control as the "debtor in possession" instead of having someone from the court take over. This setup helps the business keep running...
People take on many different types of financial obligations. Many adults rely on credit cards for unusual expenses and financial flexibility. People use mortgages to become homeowners. Many people also have debts related to their education. Student loans have become...
The realization that you don’t have enough money to cover all your bills may require that you consider options to take control over your finances again. One of these is bankruptcy; however, you may be concerned about what life after bankruptcy will look like. The...
Bankruptcy allows people to relieve large amounts of debt within a very short amount of time. However, an opportunity such as bankruptcy does come at a cost – filers may notice their credit score drop after a successful bankruptcy filing. The impact on a filer’s...