Once you determine that you need to file for bankruptcy, you then need to make certain decisions about how you will do so. The form or chapter of bankruptcy that you file will have a major effect on how bankruptcy works in your case. In a Chapter 13 bankruptcy, you...
Could bankruptcy preserve your health?
Events over the last several years (or the last year alone) have pushed your finances to their breaking point. Unfortunately, when your debts are breaking your bank account, they can also break you: Debt problems can have seriously negative consequences for both your...
Do you know what constitutes non-exempt assets in a bankruptcy?
If you find yourself drowning in debt with limited means to pay what you owe, you may find yourself thinking about filing for Chapter 7 bankruptcy protection. This liquidation type of bankruptcy may allow you to wipe your financial slate almost completely clean. A lot...
Did you take out student loans based on false promises?
Like many college graduates, you might be wondering if you bought into a false dream. People told you that going to college would help you secure a good career. They told you you would soon be able to pay off the student loans you took out to get you through college....
Don’t let debt collectors harass you: You have rights
One thing that you should know, regardless of the financial situation you’re in, is that you have the right not to be harassed by debt collectors. According to the Fair Debt Collection Practices Act, or the FDCPA, debt collectors cannot oppress, harass or abuse you or...
Chapter 7 bankruptcy could be your opportunity to bounce back
So many people in overwhelming debt live in denial. They wake up every morning with countless worries, that the only thing they feel they can do is to push them under the surface and continue with their day. Regardless of whether they have a job or not, they can feel...
New rules give debt-ridden consumers less space to retreat
When your debts are piled over your head, it’s hard enough to look at the letters in the mail demanding payment and field the messages on your phone. Now, however, debt collectors may soon stalk you in other ways. New rules from the Consumer Financial Protection...
If you have lost your job, bankruptcy may be the next step
If you have lost your job, you may be worried about how you are going to pay your bills. One of the options could be to go into bankruptcy. If you have no income, the likelihood is that you will qualify for a Chapter 7 bankruptcy. A Chapter 7 bankruptcy is also known...
Will my debts be discharged in a Chapter 7 bankruptcy?
If you are struggling with significant debts, you may be wondering whether filing for bankruptcy could be the right choice for you. Generally speaking, as a private individual you have two options when it comes to filing for bankruptcy: Chapter 7 bankruptcy and...
Why installment loans may be worse than payday loans
Those high-interest payday loans were so financially devastating to consumers who were already struggling that many states -- including New Jersey -- banned them. That merely ushered in a whole new kind of predatory lending known as the installment loan. Marketed to...
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