Helping With Your Financial Future
Most Americans use credit cards. In fact, credit card debt recently broke $1 trillion and reached record levels in the United States. Part of this is simply because there are more people every year and the value of the dollar is declining. But it also shows just how...
Chapter 7 bankruptcy is generally considered to be a fresh start for a filer. This is because your obligations are discharged under Chapter 7, which means that repayment of eligible debts during bankruptcy is not required like it is during Chapter 13. Bankruptcy is...
People may experience numerous different consequences when the business that they operate begins to struggle financially. It can be a real blow to a business owner to acknowledge that their company has not remained profitable and may not be able to continue operating....
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...
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...
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...
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...
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...
Bankruptcy is often viewed in a negative light. It’s seen as some sort of failure after reckless spending. Nonetheless, this couldn’t be further from the truth. Most people get into financial hardship through no fault of their own. Things such as medical bills and job...
People often think that bankruptcy only occurs when people are irresponsible. It is quite common for people to associate bankruptcy filings with gambling or compulsive shopping habits. However, most bankruptcy filers end up struggling financially through no fault of...