Freedom And Hope Are On The Horizon
Bankruptcy can be a difficult decision. However, it is the optimal path to regaining financial stability for many who cannot otherwise manage their obligations. How can a person know when to consider this step? Being constantly late on bills When someone constantly...
Many people face dire financial circumstances in California. Emergency bankruptcy could offer a lifeline when a creditor is trying to collect on a debt right away. Of course, emergency bankruptcy is appropriate in special circumstances only. The criteria for an...
Despite the United States Courts reporting bankruptcy filings were down by 6.3% in 2022, economic concerns indicate that will increase again. Financial hardships can lead many people to seek this legal protection. However, anyone considering bankruptcy should make...
According to the U.S. Courts, while overall bankruptcy filings dropped by about 6% in 2022, Chapter 13 filings for individuals were up by over 30%. Filing for personal bankruptcy often comes at the end of a long road of financial difficulties and can feel like an...
When faced with overwhelming financial burdens, individuals may consider filing for personal bankruptcy as a means of obtaining a fresh start. Bankruptcy provides a legal pathway to discharge or eliminate certain debts, offering relief from the financial strain. This...
If you are having trouble paying for the items you need to live, you certainly are not alone. In fact, according to reporting from CNBC, nearly one-third of American adults are struggling to pay their monthly bills. This leaves many with few options but to use credit...
After filing for bankruptcy, your credit score will lower and you might find it difficult to obtain a credit card. Over time, the impact of bankruptcy on your credit report will lessen, but in the meantime, there are ways you can work your way up to a new credit card....
When dealing with debt collectors, it is important to know your rights under the Fair Debt Collection Practices Act (FDCPA). This preserves your rights to avoid debt collector harassment, as well as the lesser-known issue of debt collector manipulation through the use...
When you file a bankruptcy petition, the federal court issues an injunction known as an automatic stay. As reported by U.S. News, creditors and collection agencies cannot contact you for payments. When submitting your first petition, the automatic stay goes into...
Dealing with debt is already enough of a struggle in and of itself. When you have to deal with debt collector harassment on top of that, it creates an additional layer of stress that you should not have to face. Fortunately, you can take action against these debt...