New Rules on Discharge of Credit Card Debt in Bankruptcy Court
The economy is in a spot that it has not been in for a long time. The stock market is going crazy and the housing market is not much better. Many people have recently found themselves upside down on their homes. This combined with the fact that many people are out of work means that […]
You Don’t Have To Lose Everything When Filing For Bankruptcy
The burning question when families or individuals have to file for bankruptcy is, do I lose everything? The answer to that question is no. Most importantly what do you get to keep when you file for bankruptcy and what is protected. When filing for Chapter 7 Bankruptcy a liquidation process takes place to help repay […]
The Emotional Effects of Declaring Bankruptcy
Filing for bankruptcy can be a shameful and disheartening process for most people. People typically associate their wealth with their personal and professional achievements. The path to professional achievement can be very spiritual and some people feel a deep connection to their net worth. With others, money is not just a personal asset, but it […]
Student Loans Non-dischargeable by Bankruptcy
One thing that most students are familiar with is debt. There are very few people that can get through years of higher education without compiling some kind of debt. Schooling is expensive and since it can be difficult to pay for living expenses, tuition, books, and recreation, students may be forced to take out student […]
Child Support Non-Dischargeable by Bankruptcy
Finances are something that every family worries about at some point. With the different monthly bills that families have to pay, it is no wonder that many people struggle to pay the bills. The economy has not made paying those bills any easier. Sadly, a large number of families have now found themselves upside down […]