Some people hold a bad opinion of bankruptcy, by thinking that it is a sign of financial failure. Other people believe word of mouth about bankruptcy and have uninformed opinions about what it can and cannot do for someone. Financial experts have been predicting...
Personal Bankruptcy
3 Ways to start building credit after filing for bankruptcy
Bankruptcy is a big financial decision that will linger on your credit report for seven to 10 years. But while it isn’t without some financial setbacks, recovering your credit after bankruptcy is possible and can usually be accomplished in just a few years. By...
The truth about bankruptcy and student loans
For many people, their student loans are their largest and most burdensome debt. The cost of higher education in the U.S. is more than most students and their families can afford, so they take out loans to pay their tuition and related expenses. By the time they...
How does bankruptcy affect your credit score?
If you have always been the type of person to pay off bills quickly, you value the credit rating you have built. But sudden surprises like medical debt, job loss or home repairs can leave you owing more than you can pay. As you start to default on your bills, you...
How many people file for bankruptcy?
Filing for bankruptcy can be a good option for relieving crippling financial debts. When someone encounters tragic and costly experiences like a massive medical bill, bankruptcy may be their only way to recover and move forward. In 2019, more than 750,000 people...
Five bankruptcy lies that you shouldn’t believe
Bankruptcy is a loaded topic. Many people have strong opinions about what it is and whether it's even ethical. But since they may be missing important information about bankruptcy, lots of struggling consumers believe lies that keep them from enjoying the incredible...
Curing your credit card disease: Bankruptcy vs. debt management
In many ways, consumer credit card debt is like a disease, a crippling ailment that afflicts people of all ages, backgrounds and income levels. But often a credit card problem is just a symptom of a more significant issue like a divorce, a job loss or business...
Recent white paper analyzes bankruptcy for business owners
Owners of small businesses who face financial challenges have tough decisions to make. Do you try to negotiate with creditors to keep the business going? Or does it make sense to file bankruptcy - and if so, what type? A few months ago, we published a white paper...
Is it possible to recover from massive medical debt?
If you or someone in your family has spent time being treated at a hospital recently, you know how expensive medical care is. Whether someone suffers a serious injury from a car accident, faces a cancer diagnosis or experiences a heart attack, the costs mount quickly,...
What is the best way to stop harassing calls from debt collectors?
Even though the Fair Debt Collection Practices Act (FDCPA) places restrictions on how debt collectors can interact with consumers, many debtor collectors have been known to push these restrictions to the limit - and sometimes beyond the limit. For instance, some...