Bankruptcy

According to the United States Courts, 387,721 people filed for bankruptcy in 2022. Bankruptcy offers individuals a path to financial relief, but when it comes to student loan debt, the waters are murkier. Understanding whether bankruptcy can discharge student loan...

Filing for personal bankruptcy can seem like the end of your financial world, but that is far from the truth. Bankruptcy offers a way for you to start over, free from most of your past debts. While it does take time to rebuild your credit and regain financial...

When faced with overwhelming debt, you may consider filing for bankruptcy as a way to reset your financial situation. One of the most common forms of bankruptcy for individuals and married couples in the United States is Chapter 7. Understanding the Chapter 7...

One of the concerns individuals have when considering filing bankruptcy is the effect it will have on their credit score. It is true that filing for bankruptcy lowers one's credit score, but it does not have to stay low forever. Although bankruptcy remains on your...

Filing for bankruptcy can be a difficult decision to make, and it is essential to weigh the pros and cons before taking such a step. Knowing what to consider can help someone know if filing bankruptcy is the right choice when they are facing financial challenges....

Filing for bankruptcy is a legal process. As such, it requires you to provide various documents and information to prove that you have the legal means to request the court free you from your debts. Bankruptcy is a federal statute, which means the laws for filing are...

Some might view a declaration of bankruptcy as a free pass to eliminate all debts and start over. However, financial hardship does not automatically qualify a person for bankruptcy. The process is a legal proceeding, and a court may deny the request of someone who...

If you filed bankruptcy, you may have a positive outlook about the future of your finances. But since filing bankruptcy likely damaged your credit score, you may want to find a way to build it back up as quickly as possible. It can take time to rebuild your credit...

Bankruptcy could dash your vision of the future if you allow it to. You might wonder what ever happened to put you in such a serious predicament. When you know some of the common reasons for bankruptcy, you might have some ideas of how to proceed. You may also...

If you feel like you cannot get ahead of your accumulating debt, you may have to find ways to make payments that make a difference in your overall debt. If you like to see success quickly, you may benefit from the snowball method. The U.S. News describes the snowball...