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In a perfect world, no one would need to use credit cards, but a perfect world is so far away that you have already maxed out one credit card with grocery purchases and other expenses that no one would consider luxuries, and now you are running up the balance on at least one other card.…

How bad your finances are is, at least partially, a matter of perspective. Sure, you don’t have any money left at the end of the month to put into savings. If you are so optimistic that you transfer a percentage of your paycheck into savings every payday, then you end up transferring it back into…

After introductory quotes from texts in Latin, Classical Greek, and Italian, T.S. Eliot’s poem “The Wasteland” begins, “April is the cruellest month.” It is true that April is not especially cuddly, but all of the months are cruel these days. It is as if the financial death toll of the Christmas holidays never ends. Chances…

When people meet with debt relief lawyers to discuss bankruptcy filings and other possible solutions to their debt problems, most of them tell a similar story of a debt problem that started gradually. Yes, there are people whose finances tanked suddenly after a personal disaster such as an injury or a divorce, but an even…

Economists seem to inhabit a world that bears little resemblance to the one where we toil incessantly in pursuit of our bread and butter. Our ordeal is just points on a graph to them, and from their bird’s eye view, it looks like the economy is doing great.  Economists rejoice that the unemployment rate is…

Filing for bankruptcy is always a tough decision, especially when struggling to stay afloat financially. Many debtors do not understand when they can and cannot file. One of the common questions bankruptcy attorneys hear from debtors is, “Can I file bankruptcy when I do not have a job?“ There are different rules for each type…

Creditors Resume Collecting if You Miss Bankruptcy Payments Filing for Chapter 13 bankruptcy can be an effective way to manage your debts and get back on track financially. However, it is crucial to keep up with your bankruptcy payments, as failing to do so can have serious consequences. One question that often comes up after…

Nobody is ever truly prepared for financial difficulties. Often, filing for bankruptcy might be the right solution for you to get a fresh start. However, many people might think that filing for bankruptcy means losing everything they own. That is not true. Bankruptcy law provides debtors with legal exemptions that protect certain assets from being…

Filing for bankruptcy under Chapter 13 is a difficult decision that can affect your finances and emotional well-being for years to come. Chapter 13 bankruptcy allows debtors to pay a portion of their debt over a period of time. If you are currently in a Chapter 13 bankruptcy plan, you may be wondering if you…

Deciding to file for bankruptcy can be a tough decision, especially if you are married. If you are thinking of filing for bankruptcy individually, you may be wondering if doing so will have any effect on your spouse. If you are considering filing for bankruptcy without your spouse but do not know how your individual…

One of the most devastating financial situations anyone can find themselves in is filing for bankruptcy. It can take a significant toll on your finances and personal life, making it difficult to get back on your feet. However, what if you want to start a business after filing for bankruptcy? The good news is that…

Filing for bankruptcy can be a daunting prospect, especially when the legal jargon starts to get confusing. One key term you might come across is the “presumption of abuse” when filing for Chapter 7 bankruptcy. This legal concept can influence whether you are eligible for bankruptcy and what type of debt relief you can receive.…

A significant turning point in the life of anyone financially overwhelmed is the decision to file for bankruptcy. It represents a way to turn a new leaf and achieve much-needed relief from crippling debts. Beyond achieving fiscal stability, there are additional benefits to bankruptcy and the process involved. One such advantage is the automatic stay…

Bankruptcy is a legal process allowing individuals or businesses unable to pay their debts to seek relief from some or all of their financial obligations. While it may provide relief to those struggling with overwhelming debt, the decision to file for bankruptcy should not be taken lightly. There are several advantages and disadvantages to consider.…

When someone files for bankruptcy, their goal is usually to get rid of their debt and start fresh. But what happens if the debtor passes away before the bankruptcy case is finalized? It is important for individuals to understand the legal implications of this situation when filing for bankruptcy. Unfortunately, the end of life is…