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Filing for bankruptcy can give you a fresh start. There are times, however, when someone has their debts discharged, only to face additional life challenges that require them to take on more debt and end up in financial trouble once…
Every year, millions of Americans struggle with unmanageable debt due to job loss, medical bills, and other unpredictable life events. When consumer debt begins to snowball out of control, many people consider filing for bankruptcy to stay afloat and get…
Filing for bankruptcy is sometimes the best way to get your finances under control and get a fresh start. However, declaring bankruptcy is not right for everyone. It’s important to understand how bankruptcy can affect different types of debts, such…
If you lose your job, incur costly medical bills, or otherwise find yourself in a dire financial situation, you might find it difficult to keep up with your mortgage payments. If you can’t make some or all of your payments,…
A creditor is a business or a person that you owe money to. If you fall behind in your payments, the creditor could potentially obtain a judgment against you to garnish your wages. Wage garnishment laws allow creditors to withdraw…
Sometimes when people pay taxes to the federal or state government, they can’t afford to pay the full amount they owe. When taxpayers get behind on their taxes, they may end up with a tax lien. A lien from the…
Many people have crushing car loans that are difficult to keep up with. They may wonder if filing for bankruptcy can help lower their monthly car payment. Depending on the type of bankruptcy you file and your particular circumstances, you…
Bankruptcy provides a fresh start for many people because much of their debt is discharged. However, whether all of your debt will be discharged in bankruptcy depends on the type of debt you have, what property you want to keep,…
Bankruptcy proceedings can get complicated under the best of circumstances. Figuring out your taxes in the midst of filing for bankruptcy adds yet another layer of complexity to your case. In some situations, you might not be able to keep…
Nearly 22 million Americans have filed for unemployment due to the COVID-19 pandemic and the number of people out of work could continue to grow exponentially. Some economists estimate that the total number of Americans without a job could hit…
