If you are facing down a mountain of debt, chances are good that you already are feeling trapped under the weight of your responsibilities. Bankruptcy might be starting to look like a viable option.Filing for bankruptcy is the "nuclear option" of indebtedness, but it...
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Chapter 7
Aaron carter reports that he is suffering from debt issues
Debt problems can strike anyone, whether they are wealthy, famous, poor or middle class. A recent story to hit the news about ex-child pop music star, Aaron Carter, further illuminates this point. The singer says that he has less than $10,000 of personal assets and he...
Declaring bankruptcy while receiving Social Security
Most New Jersey retirees are living on a very tight budget, doing everything they can to make ends meet. In fact, a lot of retirees feel like they did in their younger years when they were just starting out financially, saving every penny and constantly worried...
Funky Drummer reveals that Prince once paid off his medical bills
The family of famed "Funky Drummer" Clyde Stubblefield has released some heartwarming news in the wake of pop superstar Prince's death. Stubblefield's wife says that Prince surprised their family back in 2000, when they were suffering from the weight of $90,000 worth...
Hollywood couple files for Chapter 7 bankruptcy
New Jersey residents who are suffering from financial problems may be considering bankruptcy. However, it is not uncommon for the social stigma associated with bankruptcy to prevent individuals from taking action before they get into extremely dire financial...
Advice for getting a credit card when you have bad credit?
One of the biggest problems many Chapter 7 bankruptcy filers face is the fact that it's very hard to get a decent credit card during and for some time after their bankruptcy process. Fortunately, there are some solutions that can help you get past this problem.If...
What are the alternatives to Chapter 7 bankruptcy?
Chapter 7 bankruptcy involves the selling off of assets (except for those that qualify for exemption) in order to pay back debtors. Under Chapter 7, your creditors will receive as much money as they can from the proceeds of your assets being sold. Any debts left over...
How do I know if bankruptcy is right for me?
The decision to go into bankruptcy is not a very hard one to make if you analyze all the facts of your financial circumstances carefully. It is usually a simple matter of economics: Will the monetary savings I receive from bankruptcy be worth it to me in the end? A...
What is the bankruptcy “means test?”
It used to be that using Chapter 7 bankruptcy was easy to do, because bankruptcy law allowed bankruptcy courts in large measure of discretion when determining whether a petitioner was eligible for liquidation bankruptcy. Beginning in 2005, however, changes to the US...
Are my workers’ compensation benefits subject to creditor claims?
Major challenges in life, including financial difficulties, often occur in "swarms." For example, you may be among the many Americans who are just holding their own from paycheck to paycheck when you suffer an on-the-job injury that requires you to take time off from...
