Bankruptcy

You pondered day and night before filing for bankruptcy. You were embarrassed and ashamed to even consider it. However, you overlooked a major point: Bankruptcy provides a fresh start. It helped you and provided you with the chance for a deep introspective look into...

The process of filing bankruptcy may bring significant emotion in your family. Though bankruptcy is a relief of debts, the decision to file is not usually made lightly. On top of your mixed emotions in determining which chapter to file and when to begin the process,...

According to a report from the State Comptroller's Office, the average New York resident carried a $3,710 credit card balance in 2017. This is $600 more than the national average. If your credit card debt is overwhelming, you are not alone. Late bills, bad credit and...

Bankruptcy is a viable option for debt relief, but it does not come without consequences on your credit score. While your credit score will take a hit, sometimes bankruptcy is necessary to get rid of debt and get back on track. Your bankruptcy will show up on your...

Overwhelming debt does not just come to those who are careless with money. Debt grows and expands if you lose a job unexpectedly if a medical condition arises and you cannot pay for treatment, or even because you are seeking a divorce. Filing for bankruptcy is not an...

Credit debt affects many people in the United States! A 2016 report from the American Household Credit Card Debt Study showed that the average American home has $16,061 in credit card debt alone. Add to this student loans, auto loans, and mortgages, and it is easy to...

As a young professional, you know just how difficult it can be to juggle every aspect of your life. From your personal life to growing your career to managing your finances, there is a lot on your plate. Unfortunately, if you don't stay on top of all these details, it...

Regardless of your age, if you run into financial trouble you may begin to think about the strategy that can help you reach solid ground once again. Chapter 7 bankruptcy is a viable solution for many people, especially those who are in mid-life but have made some...

It's easier than ever to obtain a credit card. American's have difficulty saying "no," when it comes to credit card offers. As of 2016, the average debt is quite high. The national average for credit card debt, according to the Federal Reserve, is $935.6 billion. This...