Rebuilding a credit score after bankruptcy may initially seem challenging. However, it is possible to improve your creditworthiness over time. Rebuilding credit takes time and patience. Consistently practicing good financial habits and demonstrating responsible credit...
Filing for bankruptcy does not mean starting over from scratch with nothing to your name. It would beat the purpose since you are already in a financially difficult position. The law is aware that giving up everything you own will not alleviate the situation. It is...
Life is full of uncertainties. One moment everything is working perfectly fine, and the next you could be dealing with an injury a medical condition that is not only affecting your health but also your ability to work and provide for your loved ones. Or, maybe you...
Through no fault of your own, you have found yourself in financial hardship. This is the case for millions of Americans right now. You’re looking into bankruptcy but want to have as much information as possible first. Something that concerns you is how bankruptcy...
Reaching the point where someone realizes that they could benefit from filing for personal bankruptcy can be a struggle. People often delay making that choice because they sincerely hope to regain control over their debt without judicial intervention. However, many...
There are few things more stressful than facing high levels of debt. Sometimes, it just isn’t feasible to pay everything off. In such a situation, you might feel like you have no options, but this isn’t the case. Something you may consider is filing for bankruptcy....
To many people, the word bankruptcy conjures images of someone without a job or maybe a young adult who didn't make very responsible decisions with their first credit card. However, the true face of bankruptcy is often someone with unexpected medical bills or a sudden...
People rarely file for bankruptcy because of one reason. Oftentimes, for example, bankruptcy happens because someone developed a serious medical condition after taking on a mortgage. Or, someone with poor impulse control took out a loan. Whatever the case may be,...
If you are going through financial difficulty, with creditors in hot pursuit, one of the options you might consider is declaring bankruptcy. Done right, bankruptcy can afford you the debt relief you need to regroup and get back on your feet, financially speaking....
People are often so anxious about the financial and credit impact of a bankruptcy filing that they struggle needlessly for months or even years with debt they can never fully repay. There is a myth about bankruptcy that exaggerates the impact of filing. Some people...
