If you declare Chapter 7 bankruptcy, you have to liquidate certain assets. There is a list of exemptions, but non-exempt assets may need to be liquidated so that the money can then be used to pay off a portion of what you owe. This likely will not cover the entire...
Helping With Your Financial Future
Month: October 2024
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Can people who file for bankruptcy obtain a mortgage afterward?
There are many different reasons that people give for delaying a bankruptcy filing. Some people worry about the social stigma if their friends or coworkers find out about the bankruptcy. Many others worry about the long-term credit implications of a bankruptcy filing....
2 common causes of medical debt in the U.S.
U.S. healthcare operates on an insurance basis. While this means that many procedures are covered, not all insurance policies are equal and many people do not have adequate coverage. Medical expenses are one of the leading causes of bankruptcy. When an individual is...
