Using bankruptcy successfully is about more than just “wiping out” your debt. It requires a change in your spending habits and your overall approach to money. If you file for bankruptcy and return to your previous spending habits within a year or two, it won’t be long until you are in the same dire financial […]
A debt management plan can be an effective way to repay money you owe to lenders without filing for bankruptcy, but it is important you understand what you are committing to before determining if it is the right option for you. Most debt management plans are arranged through a consumer credit counseling agency. The agency […]
If you are drowning in debt and a big reason is your huge student loan, you are not alone. Luckily, you might be eligible for debt forgiveness. Likewise, if you are about to take on student loan debt and you are concerned you will never be able to repay the money you borrow, there are […]
Bankruptcy cases are reviewed in bankruptcy court. These courts are part of the federal district court system and were established in 1979. An understanding of these courts and how they work can help you feel more confident about your bankruptcy case and prepare you for what is to come in the days, weeks, and months […]
Mistakes to Avoid in Bankruptcy Bankruptcy can be complicated, but for many, it is the best option available for improving a desperate financial situation. Bankruptcy can improve both your short and long-term financial situation. Immediately, filing puts an end to the creditor harassment you like face on a daily basis. Over the long haul you […]
If your intention to file for bankruptcy is above-board and you have no intention of taking advantage of your situation, bankruptcy fraud has likely never crossed your mind. If you do not intend to commit fraud, why should you be concerned with the laws regarding it? Unfortunately, people with the best intentions filing for bankruptcy […]
Struggling to pay bills each month can be a symptom of a much larger problem. Sometimes it means you are facing a temporary struggle, related to job loss or unexpected bill. In other cases, the problems are longer term and will continue until you take drastic action. If you are a middle or lower income […]
Wage garnishment occurs when creditors receive money directly from your paycheck to satisfy a debt. A court order is needed for this to occur and it is often a “last resort” used by creditors to obtain their money. For many, back tax payments to the IRS are what trigger garnishment, though it is possible for […]
The average college student borrows at least a portion of his or her tuition money to attend a four year school. This means most young adults graduate college already in debt. For some, the amount owed by the time they enter the workforce is two to three times their annual salary. Having this much debt […]
Consumers were in shock this past holiday season when they heard sensitive financial information had been stolen from Target store shoppers. The problems got worse when other retailers admitted their systems had also been accessed by criminals. This recent rash of controversy reminds us all how important it is to protect our personal information, especially […]
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