Medical bills, loss of income due to medical problems, rising health care costs and inadequate health insurance all contribute to the large number of bankruptcy filings attributed to medical issues. Medical bills are also a source of increased credit card … Continue reading →
Most Americans are in debt. Not all debt is bad, but too much debt is a drain on your finances, and your emotional and psychological well-being. Worrying about debt is very stressful and a source of conflict in many relationships. … Continue reading →
Bankruptcy can be a powerful tool to help people solve tax problems. Not all tax debt will go away in bankruptcy, however—in fact, most won’t. Even so, in the right situation, both Chapter 7 and Chapter 13 bankruptcy can provide … Continue reading →
When you file bankruptcy, you must list all of your debts, and you must identify each debt as secured or unsecured. How the debt is identified determines how that debt will be treated when you file a Chapter 7 or … Continue reading →
It depends on who the creditor is and what they are garnishing for. Wages and bank accounts are most commonly garnished. However, if you owe taxes, child support, spousal support or student loans, many other sources of income are at … Continue reading →
You have finally received your bankruptcy discharge. Your creditors have been notified that they can no longer sue you, garnish your wages, attach your bank account, call you or send you mail. You have been given a fresh start. So, … Continue reading →
The bankruptcy discharge order is the document that is signed by the judge to tell creditors that they can no longer collect a debt from you. This means that a creditor can no longer sue you, garnish your wages, attach … Continue reading →
A charged off car loan is treated in bankruptcy like any other car loan. You need to look beyond the issue of whether the debt is charged off and look at the type of debt it is. The type of … Continue reading →
Tax refunds in bankruptcy are a tricky issue. A tax refund is a valuable asset to you and your bankruptcy estate. Whether you get to keep your tax refund depends on what kind of bankruptcy you file (Chapter 7 or … Continue reading →
The financial difficulties resulting from a criminal matter are one of the many reasons that people file for bankruptcy. Many criminal matters result in court fines being assessed against the wrongdoer. Clearing, or discharging, court fines by filing bankruptcy sounds … Continue reading →
