Colleges can open specific career paths for students, but they’ve also become synonymous with student debt. Higher education costs have steadily increased over the past decades, forcing students to turn to loans that saddle them with debt that follows them long after...
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Consumer Bankruptcy
Bankruptcy and your child’s college financing
If you have a child who will be going to college soon or who is already enrolled, that’s likely to be one of your concerns as you consider bankruptcy. It’s important to consider how a parent’s bankruptcy can affect these various college financing options. Federal...
How can you manage debt-related stress?
If you face financial stress, you are not alone. Research done on the causes of emotional and mental struggles has stated that many adults all over the globe are troubled by some form of a stressful money issue. According to the 2022 Stress in America report by the...
What happens to your cryptocurrency when you file for bankruptcy?
Bankruptcy law can affect your various assets in different ways. For example, depending on if you file for Chapter 7 or Chapter 13 bankruptcy, your home could be safe from creditors thanks to the homestead exemption. But what if you have invested in a cryptocurrency...
How could bankruptcy improve your health?
Waking up each morning worried about how you will meet your credit card payments is not much fun and can soon start to get you down. The same applies to any other debts you may be struggling to meet. The actions of creditors or debt agencies can worsen things. Don’t...
Will filing for bankruptcy wreck your credit?
Many individuals who are struggling to repay their debts are tempted to file for bankruptcy. Almost as many hesitate to take advantage of this opportunity because they are concerned about what this course of action will do to their credit history and their credit...
Chapter 7 vs. Chapter 13: Which should you choose?
There are various forms of bankruptcy available. If you are filing over your personal finances, you have two options: Chapter 7 or Chapter 13. Understanding the differences can help you make the correct choice. Questions to ask The first question to ask is how much...
3 mistakes you need to avoid when filing bankruptcy
Bankruptcy can offer a welcome relief when you are drowning in debt. As such, the decision to declare bankruptcy is one that you should never take lightly. It is imperative that you get every aspect of bankruptcy declaration right from the onset. If you decide to...
Bankruptcy and employment lawsuits: What you should know
You lost your job, and you believe that you were a victim of worker’s compensation retaliation. However, you have more pressing financial concerns that have prompted you to file for bankruptcy. What happens now? How does an employment lawsuit affect your ability to...
When debt collectors act unprofessionally
In recent years, you’ve had unexpected medical bills and the company you work for is struggling, so your hours have been cut. Simply put, you haven’t had enough money coming in to cover your expenses. The bills are starting to pile up and debt collection agencies have...