The past year caused literal changes to our daily lives. The mandatory lock-down caused an economic shutdown affecting the business sector. Well known brands and major companies in every industry filed bankruptcy one after another and it seems like more are still yet to come to terms with their lawyers.

Like most Americans, you’ve been living paycheck to paycheck for a while now. When a major expense comes up, like a stove that suddenly goes on the fritz or your child shoots up two sizes a month after the start of school and needs all-new clothes, you can feel the

There are multiple kinds of bankruptcy available for individuals, ranging from Chapter 12 bankruptcy for fishermen and farmers to Chapter 7 bankruptcy for those with low income and few assets. If you have a good job or substantial personal wealth but still have a high level of debt, then Chapter

For those dealing with unsustainable levels of debt compounded by lower-than-average household income, Chapter 7 bankruptcy can be a critical source of financial relief. Chapter 7 proceedings allow people to discharge unsecured debts like medical debt and credit card balances without having to complete a repayment period first, as is

There are many stories of people refusing to call an ambulance because they do not know how they would cover the cost of a ride to a medical center. Some of them seek other means of transportation or even try to drive themselves to the hospital. But is this financial

Medical care in the United States is expensive. Even some individuals who have decent insurance find that the co-pays, deductibles and uninsured costs are expensive. It isn’t really surprising that medical debt is the top reason why people consider either filing for bankruptcy or taking money out of their retirement accounts. There

Even those with good jobs, a home and a strong sense of responsibility can wind up in a financially precarious position where they feel like they have to file for bankruptcy due to overwhelming debt. Of all of the different forms of personal bankruptcy available, Chapter 7 bankruptcy is arguably

People sometimes avoid filing bankruptcy for the simple reason that they feel bad about it. They consider filing bankruptcy to be a moral failing — they borrowed the money, so isn’t it wrong of them to use a financial tool that makes it so they do not have to pay

Mistakes with credit cards are one of the leading causes of financial trouble in the United States. Many people have multiple cards. This allows them to spend far more than they would actually make during the month. They find themselves suddenly unable to pay off all of that debt when

People who use credit cards to cover their basic cost of living expenses can quickly find themselves trapped in debt from which they cannot escape. When your expenses exceed your income, you may have no choice but to use credit cards to cover those costs. Even if you have been