Filing for bankruptcy can be a difficult decision, but an automatic stay provides critical relief for those overwhelmed by debt. Under U.S. bankruptcy law, an automatic stay temporarily halts creditors, collection agencies and even some government entities from...
Helping With Your Financial Future
Consumer Bankruptcy
What happens to your credit score after filing for bankruptcy?
Many people have overwhelming debt from medical bills, late fees, credit card debt, loans and interest. Bankruptcy is a legal process that helps thousands of Americans resolve burdensome financial obligations. People who file for Chapter 7 bankruptcy can often see...
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...
How often can you file for bankruptcy?
Filing for bankruptcy is a legal solution that offers individuals relief from overwhelming debt, but it’s not a process that can be repeated frequently without limitations. For California residents and those across the U.S., bankruptcy filings are governed by federal...
2 links between credit cards and bankruptcy
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...
When medical expenses become overwhelming
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...
2 common misconceptions about bankruptcy
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...
4 common causes of bankruptcy case dismissal
Filing for bankruptcy can offer a fresh start for those overwhelmed by debt. However, not all bankruptcy cases are successful. Various reasons can lead to the dismissal of a bankruptcy case, leaving the debtor without relief and possibly in a worse financial...
Will you lose your wedding ring and jewelry in bankruptcy?
There’s probably nothing more personal to someone than certain pieces of jewelry, especially when it comes to engagement and wedding rings, inherited watches and necklaces that express religious devotion. The gold cross your mother gave you at your confirmation or the...
Medical creditors are notorious for aggressive debt collection efforts
People who have gone through medical hardship often expect that healthcare providers should treat them with dignity and patience. After all, a hospital that has – for example – provided cancer treatment should be fully aware of the current limitations affecting a...