Bankruptcy

A divorce, job loss, serious illness or another significant life situation can force you into unmanageable debt. And to deal with this debt, you may have considered filing for consumer bankruptcy. Although filing for bankruptcy can provide financial relief, one of the...

Filing for bankruptcy is likely the last thing you want to do, but there are times when you get in over your head financially. Your need to file may be the result of circumstances completely out of your control. However, before you file for bankruptcy, you should...

Bankruptcy has a bad reputation because of many mainstream misconceptions. Some of the misinformation has circulated for so long that people assume it to be true. You do not have to struggle with overwhelming debt payments when bankruptcy could help. There are a few...

Digging yourself into a financial hole may happen for a variety of reasons. A sudden job loss or medical emergency may see you diverting money to pay for things outside of your control. When your financial situation worsens, and debt collectors call around the clock,...

If you had to scrimp to make ends meet in 2022, you certainly were not alone. In fact, according to reporting from CNBC, near-record inflation forced 63% of Americans to live paycheck to paycheck. Luckily, there is some reason to believe inflation may be moderating....

Thanks to near-record inflation, many families in Alabama and across the country are struggling to make ends meet. If you cannot afford basic necessities, it might be logical to reach for your credit cards. After all, credit cards allow you to buy essential items now...

The decision to get a do-over on your financial situation may prove the better path towards easing the debt burdens. Once you want to move forward, you must decide which type of bankruptcy will work better for you. Many misunderstand the Chapter 7 bankruptcy process....

Struggling with expenses beyond your means is stressful, but you have options. Bankruptcy is available for people who find themselves financially overextended with no means of resolution. You can avoid the hamster-wheel feeling by getting a handle on your debts,...

Once you make the decision to file bankruptcy, you will need to prepare your petition. The petition contains a vast amount of information about you and a complete financial profile. You will include all the details of your debts and income within your petition. The...

If you struggle with unmanageable debt, a Chapter 13 bankruptcy may seem like your best option. You might have an opportunity to start afresh and move on from some of your financial woes, including possible foreclosure. However, bankruptcy is never an easy process and...