When you explore or file for Bankruptcy, you are taking the first steps to improving your financial "health", but it is important to remember your personal and mental health, too. Financial distress can be stressful and overwhelming. Per a study from Northwestern...
Life After Bankruptcy
How much will a bankruptcy affect a credit score?
Bankruptcy has become an option for so many people because of its ability to ease the stress of debt when there may not be another way out. However, a bankruptcy filing can still cause many people to have reservations about the impact it will have and the financial...
Moving Forward: Rebuilding Your Credit After Bankruptcy
If you have recently obtained a discharge of your debts through bankruptcy, or the finish line to your bankruptcy proceedings is in sight, then you deserve to breathe a sigh of relief. But while you enjoy this new world where a pack of creditors can no longer harass...
Will Bankruptcy Ruin My Credit Forever? Dispelling Misconceptions About Bankruptcy
When you find yourself in the terrible position of overwhelming debt, you may feel trapped and paralyzed. You don't have enough resources to pay off your creditors, you've maxed out your credit cards, and you've taken on terrible new loans to pay off older loans. You...
Discharge Violations in Bankruptcy
Obtaining a discharge of debt from a bankruptcy court is designed to relieve the debtor of having to repay those debts. In theory, this should give some peace of mind and reassurance to a debtor that they can move forward with their lives. Unfortunately, some...
A Checklist for Your Post Bankruptcy Life
The choice to file for bankruptcy is a difficult one. In short, bankruptcy proceedings are not a pleasant experience and involve a lot of hard work and difficult decisions. However, once you get to that well-earned finish line and obtain a discharge order, you really...
After Bankruptcy: Plan for Good Financial Health
If you are considering bankruptcy or have just filed, you are probably looking forward to exiting a dark time. Financial problems can happen to anyone-but no matter the level of accomplishment or income you may have achieved, people often feel embarrassed when they...
After the Bankruptcy Discharge: Forging Ahead on a Positive Note
While many still see a stigma attached to the process of filing for bankruptcy, just as many debtors (and some in the public eye) are completely upfront about their financial struggles. You may have friends or family who have filed after extreme financial challenges....
Buying a Home After Foreclosure or Bankruptcy
If you have filed a Chapter 7 or Chapter 13 bankruptcy, or you have gone through a foreclosure, you may be wondering how long it will take before you can buy a new home. No two cases are identical, but how you handle your credit after your bankruptcy or foreclosure...
Post-Bankruptcy Credit
When you emerge from a personal bankruptcy and the overwhelming burden of your debt has been lifted, you can relax some. However, it is important that you don't fall into the trap of thinking that your work is done. As soon as possible, you should begin rebuilding...