Bankruptcy

People can fall behind on a variety of different financial obligations. Some people accrue too much in credit card debt and then have a hard time making even minimum monthly payments. Others might end up sick or injured unexpectedly and may then face insurmountable...

There are several reasons that people struggling financially may avoid filing for personal bankruptcy. Even though they have to choose what bills to pay or face creditor lawsuits, they try to struggle through their economic hardship because they fear bankruptcy. Some...

Bankruptcy is often the last option that someone who is struggling financially considers. They may explore every viable alternative before bankruptcy becomes something they want to consider. Yet, when people realize that they have fallen too far behind on their debts...

Although people often think of bankruptcy as a process for those with minimal assets and income, even successful professionals may sometimes face financial hardship. One of the reasons there are different types of bankruptcy available is that people find themselves...

There are a variety of scenarios in which an individual may feel compelled to file for bankruptcy or business bankruptcy. An entrepreneur or business owner who has come to the realization that either restructuring their debt or closing down a business is likely their...

People who choose to file for bankruptcy may have any number of reasons for doing so. They may have simply reached a point where their budget won't balance, and they have begun to accrue over-limit or late payment fees that make their financial circumstances even...

People frequently commit a significant portion of their income every month toward their mortgages. Although a lot of that money goes toward interest, especially during the first few years, a portion of each payment sent to a lender will add to a family's equity in...

The word bankruptcy makes many people think of financial irresponsibility or business failures. However, if you were to sit in on bankruptcy court hearings, you might realize quickly that the people filing for bankruptcy don't fit the stereotype. In fact, a...

Learning that you have a wage garnishment is traumatic because you count on the money that you earn to support yourself. Once you learn of this, your thoughts will likely turn to how to get it to stop so you can keep the money you need. One option that might work for...

There are multiple reasons why people might pursue a Chapter 13 bankruptcy instead of a Chapter 7 personal bankruptcy. While Chapter 7 bankruptcy is the fastest option, it also leads to major losses for some people with overwhelming levels of personal debt. In a...