If your financial struggles are primarily caused by student loan debt, you are not alone. The student loan debt of Americans is estimated to be more than $1 trillion and about $85,000,000,000 is past due. The average borrower has about $30,000 in student loan debt. Some financial experts believe the situation is so bad it’s […]
Filing for bankruptcy is a major financial step. The decision to file is not one that should be taken lightly and many people experience some trepidation in the time leading up to their decision to file. Luckily, working with an experienced attorney can put your mind at ease and help you move through bankruptcy successfully. […]
Filing for bankruptcy is a complicated process, but the court does allow individuals to file on their own without an attorney. This is called pro se filing and is not recommended, even under the simplest of circumstances. Sometimes, though, people choose to file without professional support to avoid attorneys’ fees (they still need to pay […]
The legal side of bankruptcy is complex, but it isn’t the only thing you need to deal with when filing for bankruptcy. For many people, dealing with their emotions during the bankruptcy process can be overwhelming. There are a wide range of emotions that can spring up depending on your situation and all too often, […]
Bankruptcy offers a number of advantages, especially when your financial situation is bleak and there is no other solution in sight. However, it’s important to understand the disadvantages of bankruptcy and determine if the outcome is worth the negative aspects of filing. One of the things people filing for bankruptcy often forget to consider is […]
There are many homeowners who have a second mortgage on their homes. In many of these cases, these mortgages were not taken because a person was facing financial challenges. For instance, some use a second mortgage to pay for home renovations. Second mortgages can be used to help someone through a difficult financial time, but […]
If you have filed for bankruptcy in the past or you are concerned your current lifestyle is leading you toward financial ruin, you probably feel a lot of stress when it comes to your finances. The good news is it’s possible to take control of your financial life and stop the landslide that often seems […]
There are plenty of people in the world who believe they are immune to bankruptcy. Their financial lives are in order and they have no reason to believe there could ever be a problem. Perhaps you count yourself among these people – in control of your finances and capable of planning for uncertainty in your […]
Marriage joins two people together emotionally, legally, and in many cases, financially. Unfortunately, if you are married to someone struggling financially or you are the one facing financial problems, it might be better to keep some aspects of your finances separate. This can be especially beneficial during bankruptcy. If you do choose to file for […]
As you’ve probably already learned, there are different types of bankruptcy. Your personal financial situation will dictate which is best for you, but in many cases, individuals who opt for bankruptcy file for Chapter 7. This type of bankruptcy allows them to discharge all or a portion of their debt, depending on the type they’ve […]
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