Traditionally, when many people used to hear about people declaring bankruptcy, they assumed that filers couldn’t manage their money. Until the Great Recession, most people failed to consider that many people can find themselves in an overwhelming financial situation...
Helping With Your Financial Future
Year: 2024
Recovering from bankruptcy: 5 ways
After filing for bankruptcy, there is a period of financial recovery that requires careful planning and disciplined action. Understanding the challenges ahead and taking proactive steps can help you rebuild your financial health. Here are five ways to recover from...
What to know about bankruptcy exemptions
When you file for Chapter 7 bankruptcy in California or any other state, you may be forced to give up your home, car or other assets. However, it's also possible that you can exempt certain assets from being seized or at least protect a significant portion of an...
Your credit isn’t permanently damaged after bankruptcy
Bankruptcy is an opportunity for a financial reboot. It provides a chance to reevaluate your spending habits, create a realistic budget and establish healthier financial practices. In the wake of bankruptcy, the financial road to recovery might seem daunting, but it’s...
Reasons businesses go through bankruptcy
Businesses go through bankruptcy for many different reasons. This doesn’t always mean that they have to close. For instance, a business owner could use Chapter 11 bankruptcy to reorganize their debt, allowing the business to remain open. Moreover, the reason for the...