In many parts of modern America, a car is a necessity. Unless you live in an area with a strong public transportation network, a car is required to get to work, get groceries, and to just get around in general. For this reason, many people considering Chapter 7...
Unfortunately, after a health scare, the cost of care can leave you on the hook for astronomical medical bills. This medical debt has the potential to destroy your financial health. For many, the only way to free themselves of medical debt is to declare bankruptcy. In...
Bankruptcy, while scary, can be a boon to those who find themselves in a dire financial situation. It offers the ability for one to escape debt and move on with their life. Unfortunately, the path of bankruptcy is not open to everyone. There are certain circumstances...
A personal guarantee is a legally binding promise made by an individual. Should the promise be reneged on, legal action can be taken against the guarantor. For this reason, care must be taken before making a personal guarantee in order to avoid legal repercussions...
Foreclosure is one of the most stressful and terrifying experiences a person can go through. For most people, their home is the biggest investment they’ll ever make and having it auctioned off by the sheriff at a discount creates many years of financial ruin. The...
Bankruptcy is to be used as a tool to get you where you want to be. It is not something people want to go through multiple times if they can avoid it. Unfortunately, this is more common than one might think. Many people declare bankruptcy and then, through no fault...
With the cost of living constantly rising, it is easy to find yourself short on cash when it comes to making your monthly car payment. This can be a high-stress situation. For most people, their car is a necessity. They need it for work, getting groceries,...
Chapter 7 Bankruptcy is sometimes called a “liquidation bankruptcy”. This is because it involves liquidation of all of the debtor’s non-exempt assets and the proceeds are then used to pay creditors. However, there are often assets that the debtor does not want to get...
Debts come in many forms, and bankruptcy does not treat them all the same. Before filing before bankruptcy, you should be sure that the type of debt you have will be included in the process. Otherwise, you may still owe that debt even after bankruptcy is completed....
It is very easy to find yourself with more debt than you can realistically handle. When this happens, debt collectors begin calling you and liens may even be put on your property. At this point, you have to do something. Overwhelming debt is not something that can...
