Category Archives: Bankruptcy
The Impact of Debt on Your Mental Health: Finding a Way Out
If you are struggling managing debt, you are not alone. Debt has been around forever, but never have so many Americans been so fraught. The upheaval associated with the pandemic impacted the health, livelihood, and financial security of millions, leading to more oppressive debt for many. Current inflation is not helping matters, creating more… Read More »
Bankruptcy Exemptions in Florida
No one ever looks forward to a bankruptcy filing, but Floridians who file for Bankruptcy are fortunate in that they may take advantage of more generous exemptions than people in other states are allowed to do. Although there are strict residency rules for people wishing to file for bankruptcy—precisely because individuals from other states… Read More »
New Hope for Discharging Student Loan Debt Through Bankruptcy
For students who are struggling to pay back their student loans, the recent Supreme Court decision that squelched President Biden’s loan forgiveness plan was a blow to both their finances and their morale. While having $10 thousand to $20 thousand in such debt forgiven would have been an ideal solution for many, the current… Read More »
Life After Bankruptcy
Bankruptcy: it’s not something anyone opts for lightly. But for anyone overwhelmed by debt, it is often the only opportunity to start over. Whether you got here because of a job loss, a medical crisis, a catastrophic event, or by living outside your means, know that, as bleak as things may seem now, there… Read More »
Medicare Users and Bankruptcy
Older Americans have Medicare, so medical costs shouldn’t be an issue pushing them into bankruptcy, right? Actually, while we’d hope for that to be the case, it often is not. Coverage Gaps Unfortunately, there have been plenty of gaps in Medicare coverage, leaving many elders with serious financial hardships following a medical emergency. Roughly… Read More »
Bankruptcy May Be A Better Solution Than You’d Imagine
Across the country, bankruptcy threatens families of all stripes. If you have creditors banging on your door and are getting fried by the stress, maybe filing for bankruptcy is a viable solution for you. The truth is, bankruptcy may not be nearly as intimidating a process as you think. Exemptions One frightening thing about… Read More »
The Down Low About Bankruptcy
If you are considering filing for bankruptcy, you already know that financial pressures can have a domino effect on your life. Not only are you stressed about the piles of bills; you dread answering the phone or opening the door, never knowing if it’s a bill collector there to hassle you. Crushing debt can… Read More »
Financial Fragility And Bankruptcy
Many households in America are on shaky ground financially, making the possibility of a future bankruptcy filing all too real on the horizon. With half of households in this country surviving on a month-by month basis, it wouldn’t take much to push one over the edge. How Serious is it? According to recent research,… Read More »
Avoid Bankruptcy Fraud
For people or businesses that have become immersed in debt and who need a way out, the bankruptcy system may be able to help. But the process is complicated, and those who enter the system must be prepared for complete transparency when it comes to their finances. Anyone tempted to misrepresent their financial situation… Read More »
Getting Through Bankruptcy
Hearing that bankruptcy may be your only way to get through your financial difficulties can be an incredible blow. It leaves people feeling a range of emotions, from guilt and shame to anger, depression, and fear. While those feelings may be the natural offshoot of a bankruptcy filing, they are of no help moving… Read More »