There are many benefits of filing for bankruptcy, as well as a couple of well-noted drawbacks. Among them is the fact that a bankruptcy filing will remain on your credit report for a minimum of seven years. A Chapter 7 bankruptcy remains on your credit report for 10...
Bankruptcy
Is bankruptcy the right answer to your financial troubles?
As your financial troubles mount, you may need to focus on the many strategies that can help you regain your footing. While there may be more than one answer to your fiscal woes, many people realize that bankruptcy is the best way to make progress in an untenable...
Steps to take before filing for bankruptcy
Filing for bankruptcy isn't something you should do on a whim. Instead, it takes a lot of planning to ensure that you're making the right decision. There are several steps you can take before filing for bankruptcy that will help you better understand your situation...
Don’t shy away from Chapter 13 bankruptcy
Many people facing financial difficulties set their sights on Chapter 7 bankruptcy. They understand that this allows them to discharge some or all of their debt, thus giving them a fresh start in the immediate future. If you find that you don't qualify for Chapter 7...
Do you know how to reduce your credit card debt?
There may come a point when you realize that you have entirely too much credit card debt. If this happens, it's critical to take immediate action to ensure a better financial future. There's nothing simple about paying down credit card debt, but there are steps you...
Clear up these bankruptcy myths before filing
Filing for bankruptcy is a serious decision that will impact your personal and financial life in many ways. Not only does this hold true now, but in the future as well. If you believe any bankruptcy myths to be true, there's a very good chance you could make a poor...
Do you know why you’re always overspending?
No matter how hard you try, there will be months when you overspend. You look at your budget and realize that you didn't do a good job staying on track. While it's okay to make mistakes every now and again, it should be your goal to stay within your budget at all...
Situations that may point you toward bankruptcy
Most people understand the seriousness of filing for bankruptcy, which is why they take their time when making a final decision. While it's okay to consider all your options, you don't want to delay too long. Here are a few situations that often lead to a bankruptcy...
Don’t forget to address these Chapter 13 bankruptcy questions
If you aren't eligible for Chapter 7 bankruptcy, there may come a point when you learn more about Chapter 13. While this is a different approach to improving your financial situation, there are a variety of benefits that can work in your favor if you go forward with a...
Is every type of debt dischargeable under Chapter 7 bankruptcy?
As you begin to consider the pros and cons of Chapter 7 bankruptcy, you'll likely enjoy the fact that you can discharge some of your debts. Discharging a debt means that it is wiped clean, and you don't have to pay back those creditors in the future. While this is the...