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Posts tagged "bankruptcy"

Common misconceptions about bankruptcy

If you are facing large debts and repayment is becoming unmanageable, finding a way out can be difficult. Fortunately, there are options available to you. Unfortunately, many people misunderstand how bankruptcy works and what it is for. These misunderstandings can cause people to accidentally make unwise choices.

Is it a good idea to combine credit card debt?

If you have been having financial difficulties and have a large amount of credit card debt, it can be easy to assume that debt consolidation is a good idea. Through television and radio ads, people are inundated with various debt relief and debt counseling messages.

Does bankruptcy mean you have to lose your home?

If you are facing a large amount of debt, it can be difficult to figure out what the best options are to move forward. Given the confusing nature of bankruptcy laws and common misconceptions about what filing will mean, you may be holding on to some false ideas. In this post, we will give you a brief overview on two types of personal bankruptcy and set the record straight on how homeownership plays into a bankruptcy filing.

When bankruptcy and divorce go together

The end of a marriage is often a costly affair, and more than a few marriages end because of existing financial obligations and stressors, so it is not too surprising to find out that divorce and bankruptcy often go together. Due to the complicated nature of both, it's also not too surprising to learn that people often make mistakes that cause unforeseen consequences for their financial futures.

What's best for your financial future?

Even the best of us have times when paying our bills gets tough: An unexpected car repair, an emergency furnace fix, or a medical bill we didn't foresee can leave us scrambling. Unfortunately many of us live paycheck to paycheck, and a surprise expense can create a vicious cycle of "never quite catching up" and with that, harassing calls from creditors that can become an everyday occurrence.

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