Most people have an extreme perspective of the repossession process. You may imagine people walking into their homes, taking each of their valuable items and loading everything onto a single truck. However, repossession isn't always that dramatic. In many cases,...
Chapter 7 bankruptcy
What is means testing?
When an individual needs relief from the burden of debt, they generally have two bankruptcy types available to them: Chapter 7 and Chapter 13. Because Chapter 7 bankruptcies offers debt forgiveness rather than a structured repayment plan, it is usually reserved for...
Which chapter of bankruptcy should I select?
You may be on track for filing for bankruptcy. You know you are ready for a new start and to repay your debts, but you may not know what chapter to select during the process. It's critical to choose the correct chapter in order to reap the most benefits for your...
Simple ways to improve your credit score
Most consumers are aware of the impact of a bad credit score. It becomes a roadblock for receiving loans, applying for apartments or buying a car. Luckily, there are some ways to improve your credit score and ease barriers along the way. Know your score The first step...
Five warning signs of financial struggles
Most people complain about all types of bills. Or they wish they had more income for vacations, clothes or fancy cars. However, there is a significant difference in wanting more money and needing more money. Because complaining about money is so generalized, most...
What to do while facing a foreclosure
Our homes are a safe place from the rest of the world. It's the place where: we finally relax at the end of a long day at work, raise our kids into mature adults or finally settle down after retirement. Our homes are a special place in our hearts. That's what makes...
Life after bankruptcy: what can filers expect?
Bankruptcy is intimidating for most participants, primarily due to the negative stigma surrounding bankruptcy claims. However, the financial option tends to be a fresh start for most filers and offers a new opportunity to reshape your future. It sounds like an...
Five tips to managing debt
Most people have some form of debt, whether it's medical bills, car loans, mortgages or student loans. And if you start accruing multiple types of debt, it becomes overwhelming for you and your bank account. Luckily, there are several ways to manage debt in a way that...
Do you say “I do” to a partner’s bankruptcy?
Many couples know that marriage means sharing your life. You have to share a house, family, time and even money. It makes sense that you also share your spouse's debt - no matter how the debt is accrued. It provokes the question that if your spouse files for...
The fear of creditor harassment
Harassment in any form is a terrifying experience. Oftentimes, it leaves people uneasy and fearful of how they can move on from their harassers. It's particularly challenging when you are receiving harassment due to your debt. Many people who experience debt also...
