Bankruptcy eliminates major debts through a court-ordered discharge. It may also limit access to credit, such as credit cards. Most lenders immediately freeze or close revolving lines of credit upon learning of a pending bankruptcy filing. Filers may then struggle to...
Helping With Your Financial Future
Life After Bankruptcy
Understand how to tackle life after bankruptcy
Filing for bankruptcy can feel overwhelming, but it also creates an opportunity for a financial reset. Many people worry about what comes next once debts are discharged and the court process is complete. Life after bankruptcy often involves rebuilding finances,...
Getting a job after bankruptcy: What employers can and cannot do
Filing for bankruptcy and then searching for a job can feel like starting over with a mark against you before you even begin. That concern is understandable, and it deserves a straight answer. The truth is you have more protection than most people realize, especially...
2 legal truths about life after bankruptcy
After bankruptcy, you may expect things to return to normal quickly, especially once certain debts are cleared. The truth is, there are lasting effects that shape how you handle money, credit and future decisions. Taking time to understand these changes can help you...
How soon after bankruptcy can filers secure new credit lines?
Bankruptcy can provide immediate and long-lasting financial relief. People at risk of losing their homes and facing aggressive collection efforts may feel grateful for the automatic stay that pauses collection activity. The discharge of their eligible unsecured debts...
Will bankruptcy prevent your child from getting a student loan?
Filing for bankruptcy is something that affects the whole family. Responsible parents considering bankruptcy think about what it will mean for their children – not just in the short term, but at least a few years into the future. One big concern for many parents...
3 financial habits you should adopt after a bankruptcy filing
Filing for bankruptcy can feel like hitting a financial reset button. While it offers a fresh start, the period that follows is critical. Adopting strong financial habits after bankruptcy is key to rebuilding credit, regaining financial stability and helping ensure a...
How bankruptcy can impact your business’s future
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...
Utilizing a secured credit card
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...
Debunking common bankruptcy myths: what you need to know
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...
