bankruptcy blog

Everybody wants to give their children or spouse the best Christmas ever, and everyone wants to give family members the gifts they want and deserve. However, it is possible to be overzealous in your gift giving, and when the New Year comes you may find the consequences are worse than you expected. If you forget  … Read more

If you’re considering filing for bankruptcy, you may already be feeling overwhelmed with the various consequences. For many filers, the question of whether they can keep their homes and other property is at the forefront. The question “Can I keep my home with bankruptcy?” has a complicated answer, but there are a number of ways  … Read more

With the upcoming New Year, tax season is about to begin. For the first time ever, you’ll have to report your health insurance status on your returns. Whether you’re doing your taxes yourself or are working with someone else to handle the math, there are a number of factors to take into consideration to ensure  … Read more

If you are one of the millions of Americans who feel financially distressed and eventually decide enough is enough, bankruptcy can be a good way to start fresh and put the past behind you. However, haphazardly approaching the process can leave you in worse shape than when you started. Let’s take a look at some  … Read more

The holidays are a notorious time for overspending and sinking further into debt. Before you walk this slippery slope this Thanksgiving weekend and upcoming holiday season, consider these three tips for sticking to your budget. Developing an accurate and detailed budget is only half the battle. After putting you budget on paper, it becomes time  … Read more

Bankruptcy, which long had a social stigma, has finally begun to be recognized as a legitimate way for an unlucky businessman or woman to protect what little assets they have left and start with a clean slate. It is a boon for borrowers who would otherwise suffer at the hands of their creditors for an  … Read more

Since roughly 2008, the U.S. economy has been struggling in a big way. There have been mild economic booms and crashes throughout the past 6 years, but on the whole, unemployment has been high, job availability has been low, and poverty levels have been on the rise. Fortunately, it appears things are beginning to look  … Read more

For many people eligible for bankruptcy, the associated stigma keeps them from filing – and from receiving much-needed financial relief. Although the stigma varies depending on each individual case, it’s important to weigh the pros and cons of filing. You’ll probably discover that the pros outweigh the cons. The positive outcome of starting fresh with  … Read more

Within only a few years of leaving home, most teens and young adults deal with large financial decisions, including taking out student loans, signing up for a credit card, buying a car, taking out a mortgage, and more. If you’re like most Americans, you’re familiar with navigating the difficult world of financial stress and debt,  … Read more

Bankruptcy has a stigma for being a sign of defeat and a terrible stain on a business’ or individual’s credit history. However, bankruptcy is often the wisest economic decision a company or individual can make. The following are a few reasons to consider bankruptcy: Your debts are sending you deeper into debt. If the money  … Read more