Falling behind on your bills is a stressful experience. You will likely mentally chastise yourself and stress about the gap between what you make and what you owe. You may have trouble sleeping and may experience symptoms similar to depression. As if the punishments...
The two basic consumer options for bankruptcy are Chapter 13 and Chapter 7. Both can work excellently in specific situations. Deciding which one you should use is not a matter of deciding which is better overall, but which will work better for your needs. That’s why...
If you're a sole proprietor of your own small business, you are personally liable for all debts if your business starts to struggle. Therefore, it's important that you take action before your business starts to get into a high amount of debt. If your business has...
As you review your personal finances, it’s your hope that you like everything you see. Unfortunately, this doesn’t always happen. In fact, things may be so bad that you begin to consider bankruptcy. There are a variety of benefits associated with a Chapter 7...
Of all the reasons that people give for choosing to avoid or delay filing for bankruptcy is the impact on their credit. Bankruptcy will have an immediate and negative impact on someone's credit, and it will remain on one’s credit report for years. However, people may...
When you have more debt than you can handle, you may find yourself struggling to budget your money and cover your basic living expenses. Many people turn to questionable systems, such as debt consolidation programs or settlement services, that only increase their...
Filing for bankruptcy can seem like a worst-case scenario for Americans faced with overwhelming debt. However, for many, it is a path to restoring their financial freedom when they are no longer able to pay their bills. A new study shows those financial challenges are...
