The cost to attend a college or university isn’t cheap, but it is still very much a part of the American Dream to graduate and launch a successful, well-paying career. But many people find that their student debt follows them for decades, making it seemingly impossible to achieve financial goals such as purchasing a home…

Our modern bankruptcy law has a long history dating back to the Mosaic Law under which debts owed by members of the Jewish community were forgiven every seven years, a year known as the Sabbatical Year.  The seventh Sabbatical Year was followed by the Year of Jubilee, whereby all debts were mandated to be forgiven…

If you’re having trouble paying off your debts, then you might hear about an option called “debt settlement.” Some debt settlement companies, attorneys, and even people you know may tell you it’s a much better option than bankruptcy. But what is it, exactly? And what are the key differences between filing for bankruptcy and undergoing…

When you go through bankruptcy for the first time, you’re stepping into the unknown. Even with excellent attorneys to help you, you might get anxious about some of the formal-sounding terms, processes, and documents that you encounter on a daily basis.

During the holiday season, it’s easy to get into a generous spirit. You buy presents, host big parties and dinners, and travel to visit faraway relatives. But like a hangover, the bills that you see a few days after the holidays might make you wish the holidays never happened.

Worried about bankruptcy ruining your chance of ever getting a credit card again? When filing for bankruptcy, it seems like you’ve got a choice between two evils: stay in your painful financial situation or go down a path that seemingly ruins your credit permanently.

Until you file for bankruptcy or know someone who files, it’s easy to hold a stereotypical idea about bankruptcy filers. You might think they’re young people who wildly spend too much money and now suffer the consequences of college and credit card debt. You might think of a low-income family who cannot make ends meet…

Bankruptcy is one of those experiences in life that sounds horrible. Even the word “bankruptcy” has a final, ominous sound to it, like a door closing in your face. Because people’s entire financial lives are geared toward avoiding bankruptcy, most people don’t know what bankruptcy actually entails. As a result, many scary myths have cropped…

As the most common type of bankruptcy in the United States, Chapter 7 bankruptcy will fit your needs if your household earns below the median income in the state where you live or if your household passes a “means test”—a special calculation that allows you to file for bankruptcy if the household income is considered…

Filing for bankruptcy can be intimidating and many people are ashamed of doing it. A real issue, though, is not using the help of a lawyer as the process can be a bit tricky. Missing deadlines, required forms slipping through the cracks and not understanding certain rules or terms can be detrimental. Another issue is…

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