Bankruptcy is not something that anyone wants to go through, but sometimes it is necessary in order to get a fresh start and regain control of your finances. Here are the top 10 reasons you may need to file for bankruptcy. 1. Wage Garnishment If you are behind on your...

Filing Bankruptcy on Personal Loans According to data from the credit bureau TransUnion, personal loans are the fastest-growing consumer debt. The credit bureau says from the first quarter of 2017 to the first quarter of 2018 the number of outstanding loans rose from...

The prevalence of unsecured debt is on the rise in the United States. This type of debt, which includes credit card debt and medical debt, can have a major impact on one's financial stability. Several factors contribute to the prevalence of unsecured debt. One is the...

In recent years, the number of families living paycheck to paycheck has risen sharply. For many Americans, this is the new economic reality. More and more families are falling into financial hardship, as the cost of living continues to increase. This can have serious...

In helping clients file for bankruptcy, they often ask the following two questions: If something happens to my car while I am in bankruptcy, can I buy a new one? Will I be able to buy a car after I am out of bankruptcy? These are reasonable concerns. Having reliable...

Members of the military, current, and veteran, have sacrificed a lot for their country. Unfortunately, economic hardship is often a consequence of those sacrifices. The federal government understands this consequence. Lawmakers have instituted laws to help military...

When you are in debt and dealing with creditors, you may hear and see many terms that can confuse you. The terms "property lien" and "judgment lien" are two such terms. While these terms relate to each other, they do not mean the same thing. The distinction between...

Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit...

Ordinarily, a couple with financial problems could simply file bankruptcy and get a financial fresh start. But a couple contemplating divorce should first consider how filing bankruptcy could affect their divorce and vice versa. The timing of filing bankruptcy and...

Do you receive Social Security Disability (SSDI) benefits and feel by debt? You are not alone. Many of those receiving SSDI benefits find themselves overwhelmed by debt. Have you thought about filing bankruptcy but do not know how filing may affect your benefits? The...