Helping With Your Financial Future
There are a few different types of bankruptcy to choose from. For most consumers, the main debate is just going to be between Chapter 7 and Chapter 13. If someone does not pass the means test for Chapter 7, they may be eligible for Chapter 13 instead, so it is...
Building a business demands hard work and personal sacrifice each step of the way. Financial problems can hit hard and fast, putting at risk the dreams you worked to build. Many business owners view bankruptcy as a sign of failure. However, this belief overlooks its...
If you declare bankruptcy and go through the process of eliminating your debt, your credit score is going to go down. In fact, this is one of the reasons that some people avoid bankruptcy. They’re worried about ruining their credit score so that they can’t access...
Credit cards can be very useful, but they are also problematic when used the wrong way. Millions of Americans have credit card debt that is difficult to get on top of. What are some of the leading causes of credit card debt in the U.S.? High interest rates Credit card...
When faced with overwhelming financial challenges, it can feel like there’s no way out. Mounting debt, unpaid bills and creditor calls can significantly interfere with your mental health and relationships. In such situations, bankruptcy might serve as a lifeline to...
The realization that you have to file bankruptcy to get on top of your financial situation again can bring up a lot of difficult feelings. One of these is the fear that you’re going to lose all of the assets that you worked hard to purchase. Before filing, you should...
Many people dream of becoming small business owners. They may take out business loans, find investors, and launch their new company. Unfortunately, for many of them, that dream doesn’t last very long. Statistics show that about 20% of small businesses—one out of every...
Bankruptcy is one of those topics that most people who go through it or have gone through it in the past, are not eager to discuss. After all, the bankruptcy likely came at a point in the person's life where they felt they had nothing else to do but seek help from our...
There seems to be a stigma attached to filing for bankruptcy. Some people believe that bankruptcy is synonymous with poor money-management skills. Unfortunately, that stigma can keep many people from taking the necessary steps to regain control of their finances. ...
If you file for bankruptcy, one important step moving forward is to create a post-bankruptcy budget. You need to sit down and carefully consider your income and financial obligations. This budget helps pave the way for a positive financial future. To some degree,...