by DPM | Oct 7, 2021 | Bankruptcy
There is a stigma surrounding bankruptcy, but much of it is undeserved; bankruptcy was created by our government for good reason, but debtors have a hard time seeing the value in it, at least at first. Often, when people are swimming in debt, they’ll delay bankruptcy...
by DPM | Oct 7, 2021 | Bankruptcy
After a bankruptcy, it’s not only a good idea to get a credit card to start rebuilding your credit, it’s absolutely necessary. Unless you start rebuilding your credit, it will be difficult, if not costly, to obtain auto loans, rent an apartment or house, or eventually...
by DPM | Oct 7, 2021 | Bankruptcy
When debtors consider filing for bankruptcy, it’s not uncommon for them to ask the following questions: “Will I lose my wedding rings? Will I lose my home?” Filing for bankruptcy does not mean everything you own has to be liquidated to pay off your creditors – this is...
by DPM | Oct 7, 2021 | Bankruptcy
“What is foreclosure?” is a question a lot of people have, especially if they’re a new homeowner or have never heard of foreclosure before. When a homeowner fails to pay their mortgage, the negative effect is foreclosure. When a renter fails to pay their rent or...
by DPM | Oct 7, 2021 | Bankruptcy
There are many ways someone’s credit can end up in rough shape. While the main reason is spending habits, that’s not always the case. If you lose your job, or if you’re injured in an accident, or if you have no health insurance and accumulate hefty medical bills, your...
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