Category Archives: Bankruptcy and Debt Relief
Can I file bankruptcy without my spouse in Indiana?
No one makes the decision to declare bankruptcy lightly. When you’re married and one spouse has incurred significant debts that continue piling up, bankruptcy can be a good option to clear your financial slate. However, the other spouse might wonder how filing for bankruptcy will impact their credit and finances—even if the married couple… Read More »
Differences between Chapter 7 and Chapter 11 Bankruptcy
Filing for bankruptcy is an option you likely wanted to avoid, but now it seems that you’ll need to file to get the creditors off your back and get your debts erased. Maybe you’ve already begun researching bankruptcy, but you’re surprised by the number of chapters available for debtors. Chapters 7 and 11 bankruptcies… Read More »
Lesser-Known Types of Bankruptcy
When you think of bankruptcy, you probably think of Chapters 7, 11, and 13, all of which are common ways for individuals and businesses to make up for their debts and get a new start on their finances. But these might not fit the unique needs you have as a debtor who needs help… Read More »
Is Divorce Affected by Bankruptcy?
It’s an unfortunate truth, but many divorces are the fault of money. Financial stress puts strain on the relationship, and for some, that strain can break a marriage. While you’re dealing with your divorce proceedings, your debt might be too much to handle. But is divorce affected by bankruptcy? The short answer is yes…. Read More »
Post-Bankruptcy Tips
Life after bankruptcy is meant to be a fresh start for those who found themselves in a dire financial situation. It’s important that once the bankruptcy is officially behind you, you take appropriate steps to ensure that you don’t end up in a similar situation again. Here are a few quick tips that will… Read More »
Reasons to File Bankruptcy
Deciding whether to declare bankruptcy will be one of the most important and impactful choices you make in your financial life. You can expect having a bankruptcy on your credit score to have a negative effect on your ability to be approved for a mortgage, car loan, or future credit card, but filing bankruptcy… Read More »
8 Signs It’s Time to File for Bankruptcy
Bankruptcy can be a pretty scary term. It often carries the connotation of total financial ruin, although that’s usually not the case. In many instances, bankruptcy can be what saves you from total financial ruin and helps you to get back on your feet. “When somebody really doesn’t have money to pay their bills… Read More »
What To Do When A Creditor Garnishes Your Wages
With the cost of living on the rise and wages trailing far behind, people can end up unable to pay their bills. Basic living expenses like mortgages, rising rents, and utilities can eat up an entire salary, leaving no funds for other bills. Unfortunately, not paying those bills can result in garnished wages. Having… Read More »
11 Things to Do If You’re Facing a Foreclosure
Foreclosures were common in 2009 when a record 2.8 million houses were foreclosed on. Since the recession, fear and uncertainty have risen with regard to property ownership. Though they’re less common now, foreclosure notices are still sent out across the US. It can be a terrifying feeling to receive that yellow notice in the… Read More »
You Have Options When Facing Wage Garnishment
If you fall behind on your bills, your creditors might employ wage garnishment as a last-ditch method to collect on the debt. A creditor can legally seek to seize a portion (as much as two-thirds) of your wages to satisfy a debt. This is a serious situation, but you don’t have to take it… Read More »