Although student loans are typically considered "untouchable" by bankruptcy because they're a secured debt like tax debt, there are some circumstances that allow borrowers to have their student loans discharged. To be eligible, you must meet certain criteria. More...
One of the most common misconceptions about buying a house after bankruptcy is that it can't be done. Or, that it has to be done after the bankruptcy is no longer on your credit report. This usually takes 7-10 years, depending on the type of bankruptcy you filed...
If you feel like you’re drowning in bills and have more debt than you can handle, bankruptcy seems like a viable option. However, most people in this situation don’t have a lot of money to spare, so paying a bankruptcy attorney may seem counter-intuitive. Today’s...
If you're thinking about filing for bankruptcy, you may have heard some things that may make filing for bankruptcy easier or may better prepare your finances for the process of filing. However, not all of these things are in your best interest. Here are three things...
If you filed for bankruptcy before, you know it can be challenging and rewarding. Getting out from underneath crushing debt can help you in many ways, but what happens if you find yourself in debt again? Is it possible to file bankruptcy a second time? It is, but...
Filing a Chapter 7 bankruptcy can help you to get out of a great deal of debt, including medical bills, credit card debt, and more. However, tax debt is considered a "secured" debt and isn't as easy to get out of. But, if you meet certain criteria, back taxes could be...
Becoming overwhelmed with bills is disheartening. Sometimes, you struggle when choosing to pay for groceries or an old medical bill. However, when you add creditor harassment into the mix, it can begin to feel like you're drowning. Contrary to what many people...
Many people are concerned about losing their possessions if they file for bankruptcy, including their home and their vehicle. This isn't quite true, however. While some assets are inevitably liquidated during the bankruptcy process, there are a great deal of assets...
Recovering after filing for bankruptcy can seem overwhelming, especially when you're limited by what you can do. Although you are now able to manage your debts, your credit score is low and it's difficult to get a loan or in some cases, a job. You may be...
Being threatened with the foreclosure of your home is frightening; however, filing for bankruptcy may help you either keep your home for a little longer or prevent the foreclosure from happening at all. But is one type of bankruptcy better than the other when it comes...
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