If debt has piled up to the point of insanity, bankruptcy can be your only option. Under a chapter 7 bankruptcy, your assets are liquidated - but you can claim certain things as being exempt.One Unusual Case That Went To A Higher CourtIn one recent example, an...
Blog
Month: August 2016
How to understand your credit card debt
If you realize you are faced with a large amount of credit card debt, you know that you don't have any time to waste. Instead of sitting around and hoping for the best, you need to understand your situation and implement a plan for getting back on track.First things...
Are you staggering under the weight of medical debts?
Are you struggling to pay down mountains of medical debt? It only takes one illness or accident to wipe out one's savings and wind up in debt for a lifetime.Medical debt is bankrupting more consumers than many other types of financial burdens. Some statistical data...
Rebuild your credit carefully after a bankruptcy
Consumers who have gone through a bankruptcy are eager to reclaim the solid financial footing they once enjoyed. While it does take a little bit of time to rebuild your credit after filing for bankruptcy, it doesn't take as long as some might think.It's not that...
Are you in the process of losing your home to foreclosure?
Foreclosure. That's a scary word for homeowners. By the time those words get mentioned, the situation has gotten very serious. You can't afford to dither; you are teetering on the brink.See where you are on the foreclosure timeline: -- You skipped the first payment on...
