One of the main reasons people in this country file for bankruptcy is medical debt. Unfortunately, this isn't something that is easily avoided unless you never seek medical care for anything. It surprises some people to know that even patients with good insurance...
Bankruptcy
The automatic stay greatly benefits bankruptcy filers
One of the benefits that people who file for bankruptcy look forward to is the automatic stay. There is almost nothing as stressful as a creditor coming to you to find out when you are going to pay a bill. They might get pushy and start demanding that you send in...
Involuntary property transfer in Chapter 7 bankruptcy
The most common form of bankruptcy—and the type familiar to most Americans—is called Chapter 7. There are many flavors of bankruptcy law, each one covering particular situations. The many kinds of bankruptcy require an equal number of different laws to meet the unique...
Life’s circumstances might lead you into financial challenges
Most adults make good financial decisions, but there are times when life's circumstances don't allow you to do this. Things like the unexpected loss of a job or medical crisis can lead to some challenging financial decisions. While you can't control those situations,...
Think about how bankruptcy can help your finances
Bankruptcy is something that shouldn't be taken lightly, but it isn't something that you should ignore if you need to seek financial relief. There are many reasons why you might need to file for this protection. One is that you can rest easier when you check the mail...
Will bankruptcy ruin your financial future?
If you struggle with an overwhelming amount of debt and are unable to make your monthly payments, the stress can be debilitating. You may feel tempted to simply avoid the problem and pretend it does not exist. Many people with high debt decide to ignore the issue and...
Repayment is part of a Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy means that you are going to have to make regular payments to a bankruptcy trustee who will divide those between your creditors. The payments will last three to five years. For the duration of the case, you will have to live off only...
What are some benefits of bankruptcy?
When you hear the word "bankruptcy," you might think of someone who has spent their money without thinking. Some people assume that they got to the point where they are because of their own mistakes.The reality is that everyone who files bankruptcy has a different...
4 top causes of bankruptcy in America
Financial calamity can happen to anyone. Everything from sudden emergencies to poor spending decisions can put you in trouble. If you are considering filing for bankruptcy because of your money problems, you are not the only one. Over 700,000 people and businesses are...
Supermarket enters into Chapter 11 bankruptcy for protection
Bankruptcy is often seen as a problem, but if you're struggling with money, the reality is that bankruptcy is actually a solution. It is one way that you can resolve your financial woes and get back to a stable place.Business is always changing, so it's not unusual to...