The short answer is “Yes.” Medical debt, or credit cards used to pay medical bills, is one of the main reasons that people file for bankruptcy. Whether any of the debt would have to be paid back depends on whether … Continue reading →
Private student loans are generally treated the same as federal student loans in bankruptcy. That means, you can’t usually get rid of them by filing a bankruptcy. Bankruptcy law gives student loans special protection in a bankruptcy, and you can … Continue reading →
You’ve filed bankruptcy and gotten your discharge. Now what? Bankruptcy is meant to give debtors a fresh start. You need to focus on three things after a bankruptcy: making sure your credit report is correct; re-building your credit; and making … 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 →
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 →
In most cases, the answer is no. Bankruptcy allows debtors to wipe out, or discharge, many debts including things like credit cards and medical bills. These are unsecured debts. Student loans are also unsecured debts, but Congress has given student … Continue reading →
Most Americans live paycheck to paycheck. It is not uncommon for people to find themselves with too much month left for the money they have. So how do you pay your bills with no money? Obviously, you don’t, but there … Continue reading →
