There is no doubt about it; credit card debt is growing. In fact, some projections show that total credit card debt in the U.S. will hit the $1 trillion mark for the first time by the end of the year. However, regardless of the reason why you racked up your credit...
Personal Bankruptcy
Can bankruptcy be used to eliminate student loans?
One of the most common questions we get from college graduates is whether or not student loans can be discharged and eliminated through bankruptcy. It's no wonder why this is such an important question, especially when you consider that tuition rates and student loan...
5 reasons you shouldn’t wait to file bankruptcy
Unfortunately, many people wait far too long to file for bankruptcy protection. In fact, many will first try any other option available before even considering bankruptcy as a solution to their financial problems. They cash out their retirement accounts, refinance...
Southern states ― particularly Tennessee ― have some of the highest bankruptcy rates
According to a recent review of federal bankruptcy data conducted by NerdWallet - a financial information organization - six out of the 10 states with the highest personal bankruptcy rates can be found in the South. Topping the list with 553 bankruptcy filings per...
I’m in over my head, and school’s to blame. Can I file bankruptcy to get rid of my student loans?
In an era where an undergraduate degree can cost an astounding $200,000, people often ask us whether bankruptcy can help them escape student loans. The unfortunate reality is that few people have the option to discharge (free themselves of) student loans through...
The truth behind bankruptcy: A cherished right
Bankruptcy is not failure. We cannot tell you how many times we have to say that to our clients - honest people who have hit rough waters and need better paddles to make their way across. Bankruptcy is a fresh start. It is a cherished right that allows people to...
The truth behind filing for bankruptcy: Medical debt
You say the word, "bankruptcy," and people immediately think, "that person (or business) must have been financially irresponsible." Bankruptcy carries such a stigma with it that people build up large piles of debt before they consider asking for help. It is time that...
What can a bankruptcy automatic stay do for you?
When you file for bankruptcy, you hope that your financial situation will change for the better in the near future. And when it comes to the automatic stay, you are exactly right. There are several things the automatic stay will do for you, including the following:
5 steps to determine if bankruptcy is a good idea
When it comes to personal bankruptcy, you are sure to have many questions on your mind. Most importantly, is this something that can improve your financial situation? Once you learn more, you can decide if bankruptcy is a good idea. Here are five steps to help you...
Try debt management before bankruptcy
There may come a time when you believe that bankruptcy is the only way to escape your financial troubles. While this could be the answer you have been searching for, it is important to realize that you have other options. For example, debt management may be the right...