Some people decide to file for bankruptcy because their finances gradually worsen. Every month, they incur new fees and more interest because of their credit card balances. They may struggle to make even the minimum payments required by their various financial...
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Bankruptcy
How quickly can bankruptcy protect me from creditors?
Some people take their time and plan for a bankruptcy filing. They have the luxury of consulting with an attorney and moving slowly toward their goal of filing. Other people rely on bankruptcy for support when they experience sudden and pressing financial hardship....
How medical debt can push people into bankruptcy
Modern medical facilities have incredible capabilities. They can take images of people's brains and obtain samples to genetically sequence tumors. They can save people's lives after a gunshot or a car crash. Unfortunately, that impressive standard of care comes with a...
Why bankruptcy is nothing to be embarrassed about
Perhaps the single silver lining of the Great Recession of 2008 is that it ended the stigma surrounding the bankruptcy process. That catastrophic financial downturn taught most Americans that even those who are hard-working and financially responsible can struggle to...
Creditor lawsuits could be a sign that it’s time to file for bankruptcy
Many different financial challenges might prompt an individual to file for bankruptcy. Some people worry about creditors trying to repossess their vehicles or lenders foreclosing on their homes. Others cannot balance their budgets and eventually seek relief through...
How can you rebuild your finances and credit after bankruptcy?
You may decide to file for bankruptcy once you realize that there’s simply not a way for you to continue to make payments on debt-related accounts sustainably while still paying for your basic life needs. While it might seem disheartening to go through the bankruptcy...
Can you keep your home during bankruptcy?
Bankruptcy is a legal process that can provide relief to individuals overwhelmed by debt. However, many people considering bankruptcy whether they will have to sacrifice their home to get this fresh financial start. The good news is that in many cases, you can keep...
Many people are one injury or illness away from bankruptcy
Many cultural attitudes about bankruptcy reflect widespread misinformation. People tend to think of those who file for bankruptcy as irresponsible, but that is often not the case. While there are some people who misuse credit cards and use bankruptcy to shirk...
What are the exemptions for Chapter 7 bankruptcy in Mississippi?
The realization that you have more bills than money is hard to accept. For some people, filing for bankruptcy is the only way they can regain control their finances. Chapter 7, which is known as liquidation bankruptcy, is one option that is available for those who...
Will last December’s spending affect your bankruptcy case today?
You knew at the end of last year that you were experiencing a bit of a financial crunch, but you didn’t think it was that bad. You really thought everything would work out. In any case, you now know that you’re going to have to file for Chapter 7, but you’re haunted...