When many people think about debt, they think about people who have spent a lot more than they could afford. They think about people who have had too many shopping sprees. However, frivolous spending is not the main reason that people have debt that they cannot afford. Forty percent of people in America have medical…
Filing bankruptcy is not an easy decision. Bankruptcy seems like an easy out when you’re overwhelmed with a variety of debts, but even the best attorneys will tell you it’s important to really consider the long-term effects. However, many individuals who have gone through the process have come out the other end much more financially…
When you get married, you can no longer see yourself as an independent. All decisions you make from the day get your marriage certificate and onward will somehow affect your spouse, but what about bankruptcy? There are often instances when one spouse has debt issues going into a marriage, and they only intensify throughout their…
A credit card balance transfer allows a person to move debt from one credit card to another credit card. A person might opt to do this if they want to simplify their finances and move all their credit debt to just one card, or to avoid paying high interest on the original card. The amount…
Bankruptcy is a life-changing decision that can be incredibly advantageous for those who are struggling financially. Filing for Chapter 7 or Chapter 13 bankruptcy can help a person caught in a difficult situation by eliminating specific debts, giving them a chance to get their finances back on track. While bankruptcy has many benefits, it does…
Filing for bankruptcy can be a process full of uncertainty for some as many questions may arise. “How do I know if bankruptcy is right for me? Will bankruptcy really get rid of my debt? Am I going to lose everything during bankruptcy?” These are just a few of the many questions struggling debtors present…
Individuals who will benefit most from bankruptcy are often the last to actually file. They fear never being able to obtain credit or purchase a home again. For some, the presumed embarrassment that will come as a result of going through the process is enough to keep them from making one of the most beneficial…
When filing for bankruptcy in Louisiana, whether Chapter 7 or Chapter 13, there are many factors to consider. “What assets are protected and what assets can be sold” is one of the most frequently asked questions. The reason being is that due to a lack of information, many people come up with their own assumptions…
The conversation about MIllennials killing industries left and right is one being had around the nation. Deemed responsible for everything from the decrease in cereal sales to numerous department stores closing their doors, the Millennial generation is seen as one of the most disruptive, but it’s not entirely their fault. Millennials are the “kids” of…
Deciding to file for bankruptcy is a tough one, but in most situations, there are simply no other options. There is often a period between when people decide to file for bankruptcy and when they actually do it. During that time, people are usually getting all of the necessary documents in order and beginning to…
