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Bankruptcy is a process that helps many people, like yourself, resolve overwhelming debt obligations, such as medical bills, credit card debt and student loans. The most common form of bankruptcy is Chapter 7 bankruptcy, which can resolve most debt obligations. Alternatively, people have applied for Chapter…
When people fall behind on their debts or credit card payments, they generally assume that they can catch up with a stricter budget. It is common for people to slowly accumulate debt while trying to keep their budgets as balanced as possible. Unexpected expenses or surprise…
Bankruptcy is a difficult process. As such, filing for this legal protection can evoke a variety of emotions. Anyone who’s considering bankruptcy should be prepared for what they may feel as a result of this turn of events. One thing that surprises some people who are…
Some people file for bankruptcy and swear off credit cards. They cut up the cards that they own and they say they will never get more in the future. The reason for this is likely that they blame those credit cards for their overwhelming debt. Maybe…
Payday loans are a controversial form of borrowing that has garnered a predatory reputation. These loans have incredibly high interest rates and fees, which can be significantly higher than those of more conventional lending options. The structure of payday loans often leads borrowers into a detrimental…
For many consumers, understanding wage garnishments and their implications is important. This knowledge is always important, but it can become particularly pressing when someone is considering bankruptcy as a potential solution to halt garnishments. Wage garnishment is a legal procedure where an employer withholds a portion…
Filing for bankruptcy can be a lifeline when you are overwhelmed with debts. It can give you a much-needed fresh start and a chance to regain control of your finances. However, the road to financial recovery through bankruptcy is not without its pitfalls. It’s crucial to…
When your debts are climbing and you already suspect (or know) that you need to file bankruptcy it can be very tempting to indulge in some substantial purchases on credit – while you still have some readily at hand. This can be especially true during the…
People who are considering a personal bankruptcy filing often have a lot of reservations. They may worry about the stigma associated with bankruptcy and also the financial implications of filing. Typically, a personal bankruptcy leads to the closure of revolving lines of credit and a significant…
A payday loan is a short-term loan that you take out as an advance. People sometimes turn to this when they have an immediate cost but they haven’t yet been paid. For example, say that someone is going to be paid $1,000 the following Friday. But…
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