If you feel your drowning in debt, you may see bankruptcy as your best option. If you seek Chapter 7 bankruptcy, you can get nearly all of your debts discharged. With a Chapter 13 bankruptcy, you can reorganize your debt and reduce debts. However, bankruptcy won’t...
Month: January 2021
Business bankruptcies reach record highs amid pandemic
More U.S. businesses filed bankruptcy in 2020 amid the coronavirus pandemic than in any other year since 2009. Energy, retail and consumer services companies filed the largest number of bankruptcies last year: 244. Bankruptcy experts expect the high number of business...
When medical expenses become overwhelming debt
Many Americans are afraid of getting sick, especially during the current global crisis. However, a recent study reiterated another fear of most Americans have with the medical care system, its unruly debt. According to Healthcareinsider.com, more than half of the...
What should I know about Chapter 13 bankruptcy?
Deciding to seek bankruptcy protection isn’t easy. You may have tried to overcome your debt for years, but a recent hospitalization grew your debt even more. Now, you are ready to file bankruptcy but have another tough choice to make: Should you seek Chapter 7...
Dealing with bills that went to debt collections
Most people dread paying their bills, but it's a part of life. We all try our best to pay our bills on time and to pay them to the fullest extent. However, it's not always feasible to pay those bills when the company asks for it. There may be times when bills go...
Business and Bankruptcy: what chapter do I select?
Financial struggles are incredibly common in businesses, especially in 2020. And many entrepreneurs are overwhelmed by how they resolve these struggles. For some, bankruptcy might be the answer. Depending on your situation, there is a chapter of bankruptcy that works...
Stimulus Debt Card Is Not A Scam
The Economic Impact Payments, commonly referred to as stimulus payments, are being sent to people across the United States. Some of those payments are being sent through regular mail in the form of a debit card. The National Consumer Law Center has published a guide...
