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Posts categorized: bankruptcy

Understanding Non-Discharged Debts


If you are filing for bankruptcy for the first time, you may be overwhelmed not only with the financial stress of the situation, but also with understanding the lingo and process of filing for bankruptcy. One such term that confuses petitioners is often the phrase “non-discharged debts.” What does this mean and how can it impact your court case? Understanding...

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Credit Counseling and Bankruptcy


Filing for bankruptcy can mean a fresh start and a way out from underneath crushing bills due to a medical emergency, a divorce, or a life event that was unforeseen. It can also mean a time to learn about credit and how to use it wisely. Credit counseling, therefore, is an integral part of both Chapter 7 or Chapter 13...

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Should You Declare Bankruptcy?


Bankruptcy can be a scary idea, especially for people who have never had to consider it in their lifetime. Thankfully, bankruptcy rates are beginning to decline since the collapse of the market when millions of people every year would file. Now, under 800,000 Americans file yearly. This is overall good news. However, with the number still well over a half...

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What are your Rights When it Comes to Wage Garnishments?


You work hard for your money and those paychecks are all-too-important, especially when you are struggling financially. So what happens when your debts cause a wage garnishment? Do you have any rights? Let’s explore closer what a wage garnishment means to your overall financial wellbeing.   What are Wage Garnishments? A wage garnishment is when a court issues an order...

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5 Questions to Ask Yourself Before Filing for Bankruptcy


If you have suffered an overwhelming financial hardship, you may be starting to weigh whether filing for bankruptcy is a viable alternative to the mounting piles of bills or the harassing creditor phone calls. Bankruptcy is a good choice for many who need a fresh start or want to consolidate their bills and be allowed to pay them back over...

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Case Study – Even the Famous are not Immune from Bankruptcy – 50 Cent


Usually, when you think of the rich and famous, you envision mansions, flashy jewelry, and a lavish lifestyle. Unfortunately, even the more famous of us are not immune to the pitfalls of credit card debt and medical bills piling up. Think of some of the famous names in the news that were, and for some, still are plagued by debt....

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