Helping With Your Financial Future
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...
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....
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...
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...
Financial struggles impact the whole family. Explaining a decision to file for bankruptcy to your kids in a way that’s both honest and reassuring is important. While it may be tempting to shield them from the realities of bankruptcy, children can often sense when...
Many people find themselves in a state of great financial difficulty. Despite the stigma surrounding this legal mechanism, bankruptcy is a viable solution to regain control of one's personal financial future and start over. Whether you find yourself in this situation...
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...
Business owners may unexpectedly encounter turbulent financial waters and wonder what they can do to keep their enterprise afloat. When debt becomes overwhelming, filing for bankruptcy can be a suitable debt management option. However, business owners should know that...
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...
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...