Consumer debt is a very real, and very big problem for many Americans. And it is only getting worse. As of March of this year, consumers in the United States carried a total of $3.87 trillion in consumer debt. This astounding number is a historic record, which...
Homeownership is an essential element of the American Dream. There is a great amount of pride in picking out (or building) a home, raising your children there, and putting money into the house as an investment into your financial future. Unfortunately, home loans can...
The purpose of bankruptcy is to provide much-needed relief to debtors who are unable to repay their outstanding debts. This relief brings the ability to sleep better at night, without the constant stress of trying to make minimum payments, of constantly struggling to...
If you have found yourself trapped with debt that you cannot repay, you have probably heard from creditors or collection agencies on their behalf. You have probably heard from them frequently, on the phone, by mail, or even at work. These collection efforts can make...
Bankruptcy offers relief and protection to people who have unsuccessfully exhausted all avenues to get out from under their debt. It is fortunate that these legal options exist, as the non-stop efforts of aggressive debt collectors, repossession attempts, and the...
If you are paying for child support and considering filing for bankruptcy you may want to know how a bankruptcy will affect your child support responsibilities. On the other hand, if you are currently receiving child support, and the parent who is paying files...
Filing Bankruptcy During a Divorce If one party files for bankruptcy while a divorce case is pending, it can complicate matters. Your filing can cause delays in the divorce proceedings, which typically frustrates your spouse and causes emotions to run high during an...
Purchasing a home is one of the most exciting times in a person's life. While it is a major financial investment, it represents much more than that for the security, stability, and future of homeowners and their families. Unfortunately, life is not free of hurdles or...
If you and your spouse can be amicable and work together on a joint bankruptcy filing, it can be beneficial for both of you. There are many benefits for a married couple who are contemplating both divorce and bankruptcy to file a joint bankruptcy prior to filing for...
Bankruptcy and divorce are two of life's most upsetting challenges and are often intertwined. Financial stress may be a factor in the decision to get divorced. Divorce itself may cause financial stress. We are often asked by people headed for both bankruptcy and...