Financial setbacks can happen when you least expect them, and they can happen more than once during your lifetime. If you are caught up in debt, and you have no viable payment plan on the table, you may consider filing for bankruptcy. However, the fact that you have...
Chapter 7 And Chapter 13 Bankruptcy
One key reason credit cards lead to bankruptcy
Credit cards are often linked to bankruptcy. Part of this is just because Americans use credit cards for numerous purchases. Someone may be declaring bankruptcy primarily because of their medical debt, for instance, but they will still reference whatever outstanding...
Rebuilding credit after bankruptcy
Rebuilding credit after bankruptcy is a crucial step toward regaining financial stability and improving one's creditworthiness. Although bankruptcy can have a significant impact on an individual's credit score and financial standing, it is possible to rebuild credit...
How can you pay off college debt after graduation?
One of the biggest opportunities to earn is a college education. Students learn many valuable lessons and skills that they can take with them to their desired academic fields. In fact, many job fields only accept people who’ve undergone higher education. Education...
Can bankruptcy stop a foreclosure?
When facing foreclosure, your focus may be nothing more than keeping your home. Maybe you have a family. Maybe you don’t think you’ll be able to afford another home. Regardless, you want to figure out how to stop the foreclosure from happening. Someone may mention to...
How does someone pass the means test for Chapter 7 bankruptcy?
After deciding to file for bankruptcy in New Jersey, someone with financial challenges still has other important decisions to make. The kind of bankruptcy they pursue will determine what risks the process involves, how long it will take to secure a judgment and even...
Is it better to file for Chapter 7 or Chapter 13 bankruptcy?
If you’re interested in filing for personal bankruptcy, you’ll likely be choosing between Chapter 7 and Chapter 13 relief. Chapter 7 is often preferable for those who qualify, as this process doesn’t require repayment of debt before a discharge will be ordered. The...
3 money moves to make before filing your bankruptcy papers
Those researching bankruptcy usually hope to find ways to ensure they succeed in their efforts. While it is wise to focus on ensuring success, do not overlook steps to take ahead of filing for bankruptcy. If you make the right money moves now, you have better odds of...
What is Chapter 7 and Chapter 13 bankruptcy?
It's all too easy to build up debt, which is great when raising your credit score. As such, credit card offers often come by the dozen and make quick work of large purchases. However, in an unfortunate accident, someone could become overwhelmed with medical debt. Or,...
4 common misconceptions about the bankruptcy process
Most people are scared of filing for bankruptcy due to widespread misconceptions about how everything works. As a result, many deserving individuals sink deeper into debt or lose their possessions to debt collectors, while some end up facing creditor lawsuits. All...