Helping With Your Financial Future
Financial struggles impact the whole family. Explaining a decision to file for bankruptcy to your kids in a way that’s both honest and reassuring is important. While it may be tempting to shield them from the realities of bankruptcy, children can often sense when...
Many people find themselves in a state of great financial difficulty. Despite the stigma surrounding this legal mechanism, bankruptcy is a viable solution to regain control of one's personal financial future and start over. Whether you find yourself in this situation...
Credit cards are often referenced in bankruptcy filings. Many Americans have credit card debt, even if it’s just minor debt, like using a credit card to pay the utilities. Some households do the bulk of their monthly spending on cards and then pay them off each...
Business owners may unexpectedly encounter turbulent financial waters and wonder what they can do to keep their enterprise afloat. When debt becomes overwhelming, filing for bankruptcy can be a suitable debt management option. However, business owners should know that...
We have health insurance to cover our medical expenses, especially if we have a serious issue that requires surgery, treatment or an extended hospital stay. The medical bills can quickly add up, putting some families at risk of financial ruin. The strain of medical...
While most people have heard of bankruptcy, they may not have delved into more detail unless facing financial hardship. Before taking any concrete steps, it’s important to be armed with accurate information. There are numerous misconceptions about bankruptcy, and...
Business bankruptcy can feel daunting, even in the best of circumstances. But not all businesses work out, and it may not even be the business owner’s fault. For instance, if there’s a countrywide economic recession, there is usually a wave of business bankruptcies...
Filing for bankruptcy is a major decision that sparks a lot of emotions. Unfortunately, the negative emotions often take over. One thing that many filers often feel is shame. However, bankruptcy is nothing to be ashamed of. With millions of people in the U.S....
Bankruptcy can be a life raft during financial turmoil. But once the immediate storm has passed, you might wonder how long it will take to rebuild your credit score and secure a brighter financial future. The truth is, there's no one-size-fits-all answer. The time it...
You may think that filing for bankruptcy will eliminate all your existing debts. However, it’s not necessarily the case. While bankruptcy can offer a fresh financial start, it does not erase all your financial obligations. You may be left with certain debts after the...