Bankruptcy

Due to unexpected events or medical emergencies, many patients receive expensive health care treatments without giving thought to the costs. The Consumer Financial Protection Bureau describes how Americans generate high medical debts through unplanned and pressing...

Filing for bankruptcy marks you as a potential credit risk, and your credit score reflects as much. This can make it difficult for you to get a credit card or personal loan for the foreseeable future, even after discharge from your bankruptcy. It is not uncommon for...

If you are eligible for Chapter 13 bankruptcy, you should understand how to approve your repayment plan. An essential part of Chapter 13 is coming up with a plan that will pay off at least a substantial amount of your debt. However, other parties will have a say in...

If you are like many Americans, using your credit cards for utilities, groceries and other essential expenses has become common. After all, according to reporting from CNBC, the cost of most items has increased by roughly 7% in the last year alone. Even though there...

Filing for bankruptcy can be the best option if you find yourself in serious financial trouble. It gives you a clean slate to begin again without debt hanging over your head. However, bankruptcy also does some damage to your credit because it is a sign that you...

If you are considering filing for bankruptcy, you may have concerns about how it will affect your future. It is important to understand that bankruptcy does affect your credit score and ability to borrow money. However, these consequences do not last forever. There...

Divorce and bankruptcy are among the most stressful situations you can face. Financial issues often prevent Alabama residents from taking action in either of them. Fortunately, you can take steps to eliminate this obstacle and move forward with the rest of your life....

If a consumer sees no way of paying debt, bankruptcy in Wetumpka, Alabama, can provide some relief from certain debts. Bankruptcy doesn't often happen because of frivolity, and there are several common reasons a consumer may file a petition for relief. Reasons for...

Chapter 13 bankruptcy attempts to provide a solution for both the debtor and the creditors. An Alabama resident who seeks bankruptcy protection under this chapter must follow a repayment plan to creditors. The debtor must make timely payments for the established...

There is a good chance that filing for bankruptcy will have an impact on your credit score. However, it's possible that your score will actually increase after your debts are discharged by an Alabama judge. This will depend on what your credit score was before you...