Financial distress can come to your life for many reasons at many unexpected times. When these do happen, you may or may not have to take extreme measures to come to a resolution. Bankruptcy is likely your last resort to … Read More »
When debt starts piling up, you may be contemplating your two options: debt relief vs bankruptcy. There are many types of debt relief, and there are also different types of bankruptcy. It can be overwhelming to learn about all the … Read More »
If you think you may have to file for bankruptcy, there are a few steps you need to take first. Pre-bankruptcy counseling with a nonprofit credit counseling agency is required before filing for bankruptcy. What exactly is pre-bankruptcy counseling? How … Read More »
Are you concerned that you might not be able to pay off all your debt? You may be wondering if it’s possible to have any of your debt forgiven. Unfortunately, there are not many options for debt forgiveness. There are … Read More »
Sometimes, your only way out of a financial crisis and consumer debt is bankruptcy. If this is the case, important that you are aware of the considerations prior to filing bankruptcy. Here are 5 things to consider.
Arguably, bankruptcy is one of the toughest financial situations you may face in your lifetime. Your overwhelming amount of consumer debt has put you in this situation now. Is there ever a relief from this situation? In fact, there is. … Read More »
For many millennials, debt means working eight-hour days and 40-hour work weeks and still barely being paid enough to cover rent, student loans, credit card bills, and food for the next month. Still, you wake up every day and go … Read More »
Heavy loads of consumer debt coupled with economic uncertainty sometimes forces consumers to file bankruptcy. This is a legitimate financial route and shouldn’t be dismissed or underestimated. However, there are certain things to know before filing for bankruptcy.
The bankruptcy process altogether is a stressful time in life. It means you are facing financial catastrophe. Therefore it is important that consumers understand this process, its advantages and disadvantages thoroughly. So, do you know enough about filing bankruptcy?