Chapter 7 is often thought of as a way to wipe the slate clean and erase all debts. While it can in some cases, it's important to know that every single debt isn't discharged in every case. Some debt can remain. That doesn't mean you should not use Chapter 7, but just...
Blog
Month: March 2017
Do you have alternatives to bankruptcy?
When you are facing a bankruptcy, your stress level is already very high. You probably have many concerns about whether you can keep your home or your car. You might be concerned about your business and how your bankruptcy will affect your job. These are all valid...
What does the Fed’s rate hike mean for your credit card debt?
The Federal Reserve recently announced that it will raise its benchmark rate by a quarter of a percentage point. More rate increases are expected in the months ahead.Many people don't keep up with the actions of the Fed. They don't realize how much they can impact...
Not all debts are created equally, debt relief efforts vary
In a previous blog post, we discussed some strategies you can use to work with a collection agency regarding debt. When this doesn't happen or if you are unable to pay for the bill, you might decide that you need to seek out other options for debt relief. We want you...
Tips for working with a collections agency
If your debt has ended up in collections and you're dealing with an agency for the first time, you may not know what to expect or what to do next. Below are a few tips that can help.1. Know what is illegal. For instance, it's illegal for collections agencies to harass...
Learn your options for taking control of your credit card debt
Credit cards are a good thing to have, as long as you use them in the right way. It is easy to fall into the habit of thinking that you can spend whatever you want as long as you have credit remaining on the card. This can lead you into a financial abyss if you charge...
Is Chapter 7 bankruptcy the right choice for your business?
To a small business owner who is facing a debt spiral that does not seem to have a solution, it can be difficult to know just what to do. Bankruptcy is always there as an option, but the way that it works can cause distress to many people, especially when they do not...
