Bankruptcy

If you’re considering bankruptcy and doing some reading to learn more about the process, you may have come across the word “cramdown.” It’s most likely to apply in a Chapter 13 bankruptcy that involves a reorganization of debts. Cramdowns can also be used for Chapter...

Facing insurmountable debt can feel like a lonely place. However, the reality is that you’re not alone. Millions of Americans are currently struggling financially through no fault of their own. Medical bills, rising rent prices and natural disasters are just some of...

Seeking financial relief by filing for bankruptcy is a responsible and courageous step towards a brighter financial future. However, it’s essential to be wary of common pitfalls that can hinder the bankruptcy process and prevent you from making the most of the...

The purpose of bankruptcy is to eliminate certain financial obligations and stop collection activity to better ensure financial stability in the future. Looking forward, people need to commit to rebuilding both financially and emotionally after a personal bankruptcy...

 If you’re considering bankruptcy and have been doing some research on the subject, you’ve likely come across some terms that are unfamiliar or at least confusing in the context of this process. Two terms that people often think mean the same thing are “discharge” and...

Bankruptcy is often an individual's last option when dealing with financial hardship. Those who have more debt than their income can manage often need to make difficult choices. There are a variety of options marketed toward those struggling with debt, including debt...

Unfortunately, a lot of misinformation surrounds bankruptcy and credit scores. This causes some people to avoid declaring bankruptcy when they should, leading to more problems. Here is what you should know about the matter: Your credit score could drop If you have a...