Effects of a Chapter 7 Bankruptcy

Are you considering filing Chapter 7 bankruptcy? If so, you’re probably wondering, “What are the effects of Chapter 7 bankruptcy? Will it ruin my credit? Will I have to give up the few assets that I do have?” The effects of a Chapter 7 depend on different factors,...

Psychology of Debt

If you are currently experiencing crushing debt and you’ve noticed that it’s affected your mood, your quality of sleep, and even your health, there could be legitimate reasons for this. Perhaps your financial situation has led to lost sleep or insomnia. Perhaps you’re...

How Long Bankruptcy is Reported on Credit

If you’re considering filing for bankruptcy, you may wonder, “How long is bankruptcy reported on a person’s credit?” We decided to dedicate a post to this because most bankruptcy filers have this question. When a debtor files for bankruptcy, the bankruptcy itself is...

Can an Executor File Bankruptcy for an Estate?

If you have been named in a will as the executor of an estate, or if you have been appointed by the court as a personal representative of an intestate estate (an estate without a will), and as you dove deeper into your duties, you realized that the decedent passed...

Credit: Bouncing Back After Bankruptcy

In our experience, most debtors are not in the habit of filing for bankruptcy due to reckless and out of control spending. Instead, bankruptcy is usually preceded by a job loss, an accident, illness, or a death in the family. Understandably, these folks are the ones...
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