bankruptcy blog

When you successfully resolve and complete a bankruptcy, your eligible debts will be labeled as “discharged“. This means that your debts are no longer enforceable for collections by the creditor. This is the ultimate goal of filing for bankruptcy and the desired outcome by anyone seeking debt elimination. The end result of a successful case  … Read more

Many families are facing the harsh reality of financial disaster with options running out.  With  many debt relief options available, it isn’t uncommon to be unsure of which solution is best for you. While debt consolidation loans and settlements are an option for managing financial problems, they may not be the right for your current  … Read more

After nearly one year amid a health crisis, long term unemployment is nearing record levels. One thought of as a historical marker none desire to see repeated again, times are beginning to mirror the record levels of The Great Recession. As more individuals, families, businesses, and institutions cling to operations today, many of these entities  … Read more

Nearly all retail industries took a huge hit to profitability, and sustainability, last year amid the pandemic challenges. Many have been preparing for Chapter 11 bankruptcy to restructure their debts and remain in business. In fact, the nation-wide video game retailer, GameStop, moved towards debt resolution in February of last year after closing some 800  … Read more

If you have experienced financial hardship, completed a bankruptcy, or experienced problems paying your mortgage you can still get a home loan. However, the process of rebuilding your credit after a bankruptcy or foreclosure takes time. Although it may not seem like it, you are likely in a better spot for future credit than prior  … Read more

The bankruptcy process can be a complicated legal process, and one that requires some effort on your part. If you are considering filing for bankruptcy, you likely have many questions that you want answered. One of the most common areas for questions about bankruptcy is related to what you need in order to file. When  … Read more

If you are seeking help with your finances this year, or are preparing to file for bankruptcy chances are you will be completing a credit counseling course. Most people are unaware of credit counseling or the benefits they can offer, until required to complete a credit counseling course. Let’s take a deeper look into what  … Read more

This New Year is one for the record books in many ways.  For most people, financial goals are just as common as fitness goals this time of year. However, this year a record number of Americans are facing higher than ever before credit card balances and unpaid medical bills. Fortunately, there are some solutions to  … Read more

As the New Year approaches there is not a better time to think about your credit.  While you develop goals and resolutions for 2021, be sure you focus the same amount of time and effort into the health of your finances. The best way to do this is to really get to know your credit.  … Read more

The restaurant industry has been hit hard this year; with a majority of small, family owned businesses forced into financial hardship. In the earlier part of the year, all restaurants were required to modify operations, limit patrons, or forced to close down altogether for a specified period of time. The result of which has too  … Read more