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The bankruptcy process follows rules with much of the onus on the debtor to provide information and documentation. If the debtor is unable to show that disclosures of debts and assets to the court and trustee’s satisfaction, it may result in denied discharge and could lead to criminal charges. As a debtor, you may feel … Read More

Receiving a legal notice of wage garnishment can be a shock even if you are aware of the debt owed. It can also be overwhelming. Understanding what garnishment is, what rights you have and what steps you can take all give you more control of a stressful situation. What is Wage Garnishment? With garnishment, your … Read More

Over the past few years, COVID-19 has disrupted many industries, sent the housing market soaring but maintained low borrowing rates for mortgage financing. Unfortunately, the limitations caused by the pandemic have been tough on American wallets. Increases in unemployment, medical bills and divorce created additional financial burdens, resulting in an uptick in bankruptcy filings. It’s … Read More

Dealing with money is not something that comes naturally to everybody. In fact, throughout life, most people will encounter unexpected financial circumstances or expenses. It is not unusual for those who run into debt to take on credit in an effort to get out of a bind. Unfortunately, this approach can result in the debtor … Read More

Bankruptcy is a difficult choice to make at any age, but there is a growing number of the elderly population facing the need for bankruptcy protection. Here are the reasons behind this, and how you can help your aging parents or loved ones. An Increasing Problem Bankruptcy among senior citizens made up only 2% of … Read More

If you are struggling to make ends meet while dealing with student loans, it is important to understand the repayment options available to you. You can file for bankruptcy, but it can have long-term consequences with obtaining credit for future transactions. Before you file, it can be helpful to know what to expect. Here is … Read More

If you are facing financial hardship, bankruptcy can be an important tool to help you get back on track. With a Chapter 7 bankruptcy, any non-exempt assets are liquidated and used to clear debt. You may be worried about being able to keep your home if you file. Can a home equity line of credit … Read More

The market is crazy right now. Some people are selling their homes for unbelievable gains, while others are still struggling to make payments. The worldwide COVID-19 pandemic has affected every area of life for just about everyone on the planet. Many people are still without jobs, a steady income, and a way to provide for … Read More

Financial troubles are one of the most common reasons for marital problems. In the last year alone, millions of Americans have faced the brutal reality of how a loss of income impacts their marriage and family. Unfortunately, when money stress becomes high, many marriages crumble. Divorce is stressful enough. It is draining on your emotions, … Read More

Bankruptcy does not just happen overnight. While you may receive a bankruptcy notice, a harassing call from a creditor, or an eviction notice on a day you weren’t expecting it, this day was already in the works for a while. For people struggling with debt, past choices and unfortunate circumstances can put them in situations … Read More