For most people, bankruptcy provides an opportunity to eliminate or reorganize debt. Depending on the type of bankruptcy you file for, you can wipe out your debts completely or pay them back over three to five years. Unfortunately, since bankruptcy involves forgoing or altering how…
Overwhelming debt can ruin your life. You may have debt collectors calling at all hours. You may not be able to sleep at night because the anxiety has become too much to bear. Fortunately, you have options to responsibly take care of your finances and…
When your debts overwhelm your ability to pay, resulting in missed payments, collections calls, and stress, you may need to consider filing for bankruptcy. Federal bankruptcy laws provide debtors a process that can result in a clean slate on which to rebuild their financial lives….
If you’re considering filing for bankruptcy, be prepared to take the means test. This test partially determines your eligibility to have debt forgiven through a Chapter 7 bankruptcy. It looks at your monthly income and compares it to the median monthly incomes for households of…
If you’ve fallen behind on your bills, you know how stressful it can be. Collection agencies call multiple times a day, threatening you with legal action if you don’t pay them. Even worse, the bank might have informed you that your failure to pay your…
