Sometimes, such as in cases of failed businesses, bankruptcy is unavoidable. In cases of massive debts accrued by individuals, bankruptcy is the culmination of years of bad spending patterns and financial decisions which theoretically could have been avoided. If you are coming out of bankruptcy or...

If you are currently unable to continue making payments on large debts, it is important that you take appropriate action to remedy the problem in a way that will cause the least long-term damage to your credit while still alleviating some of the burden. If you are considering bankruptcy, consult a...

If you lost your job (for any reason), there’s a good chance that you’ve had trouble paying your bills. If you’re like most people and you didn’t have a sizeable savings to fall back on, the job loss could have led to unpaid utilities, unpaid rent or late mortgage payments, past-due credit card...

It is very common for money problems to lead to divorce. After all, financial troubles can lead to a great deal of stress and they can definitely strain a marriage. Foreclosures, charge offs, evictions, wage garnishments, liens, bank account seizures, lawsuits, and judgements – they can test a...

Sometimes, our finances get a hold of us and we cannot grasp control over our monetary situations without the help of an external force. In these cases, when our debts become too much for us to handle on our own, bankruptcy may be the right option. Many people don’t realize the differences between...

For someone filing for bankruptcy, whether it be Chapter 7 or Chapter 13, the last thing on his or her mind is spending the additional money on a lawyer. Though you may have heard a great way to save money in this process is by representing yourself in your bankruptcy, this isn’t the case. Filing...