The vast majority of personal bankruptcy filers opt for either a Chapter 7 or a Chapter 13. If you are considering filing for bankruptcy, you will more than likely be filing a Chapter 7 or Chapter 13. Which bankruptcy is right for you? There is no “one-size-fits-all” answer to this question. The...

One of the main reasons why people hesitate to file Chapter 7 and Chapter 13 bankruptcy is because they are worried about how bankruptcy would affect their credit score. Although bankruptcy is a negative mark on your credit, how much bankruptcy will affect your FICO score depends largely, on how...

Now that the holidays have officially arrived, we can’t help but think about the additional pressures that the season places on struggling individuals and families. Sometimes people lose their jobs, even though Christmas is weeks away. Others may be living off their credit cards, but are headed...

For millions of Americans, the retirement landscape is not what it was in their parents’ generation. Every day, older Americans are forced into early retirement, aged out of the workforce, or let go after being replaced by a twenty-something employee who will gladly work the same job at half the...

We don’t need to tell you that in the United States, Americans young and old rely heavily on auto loans, mortgages, and credit cards to pay for their vehicles, homes, and various types of personal belongings. The problem is that in these uncertain economic times, people frequently run into...

If your debt is too much to bear and your home is now at risk of foreclosure, a Chapter 13 may allow you to save your home. With a Chapter 13, struggling homeowners are given the opportunity to delay or prevent a foreclosure by paying off their mortgage arrears over time. Depending on the...

If you lost your job, have been unemployed for a while, or became injured or ill, you may have had no choice but to max out your credit cards to pay for basic necessities, such as groceries and gasoline. If your debt is only snowballing, you’re probably feeling overwhelmed right about now. How are...

Generally, debtors who file a Chapter 13 bankruptcy do not qualify for a Chapter 7 bankruptcy. This is because their income is too high, thus they are reverted to filing a Chapter 13 instead. If you are considering a Chapter 13 bankruptcy, surely you’ll want to know, “Will I have to pay off all of...