For those struggling to pay their bills and dealing with the stress of debt collections and living paycheck to paycheck, bankruptcy can be life-changing. However, you risk obtaining the fresh start you deserve if you don't follow all the rules associated with a bankruptcy filing ...
Even if you have medical insurance whether it's through your employer, an Affordable Care Act plan or Medicare, that doesn't mean you'll never have any problems with medical bills. And if you don't have insurance, even a minor illness can cause an insurmountable debt ...
When you're stressed because you're behind on your bills, the last thing you need is a scammer scaring you into thinking you're about to be arrested for your unpaid debt. What can make this kind of fraud difficult to spot is that many bill collectors ...
When the average consumer files for bankruptcy, they typically choose between Chapter 7 or Chapter 13. Consumers with more than a million dollars of debts may also pursue Chapter 11. Today we'll look at Chapter 13, the more complex of the two common consumer bankruptcy ...
Employment opportunities are on the rise, and the economy is rebounding nicely these days. Even the real estate market is bouncing back. One of the most significant signs of improved consumer confidence is the increase in credit card debt, particularly reflected in December holiday ...
For married couples that are struggling with debt, bankruptcy may be a viable option but if you both work, it may be a challenge to qualify for Chapter 7. While Chapter 13 is a better option if you need time to catch up on back ...
If you've never heard of skimming, it's one of the sneakiest scams ever to steal your credit card information and then empty your bank account or max out your credit card. The US Secret Service investigates cyber crimes that include skimming. Recently, they've found that ...
We wrote yesterday about a recent study that showed that bankruptcy reform has harmed many consumers. For those that worry that filing bankruptcy can bring negative consequences, you should know that not filing can hurt you more. Many who are deep in debt will soldier on ...
A new study by the Federal Reserve and Columbia University shows that the 2005 bankruptcy “reform” intended to curb perceived, but not necessarily verifiable, abuse of the bankruptcy system has drastically harmed lower income consumers. The law, formally titled the 2005 Bankruptcy Abuse Prevention and ...
Being deep in debt can be scary, but not every instance of significant debt is either a cause for alarm or a reason to consider bankruptcy. For example, if you have a pile of debt but are earning a good income such that you can ...