In the event that the majority of your debt comes from credit cards, there are more options for paying it down than you might think. The debt management plan is one option. While this might sound like a general approach to managing money, a debt management plan is a...
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Has Debt Taken
Over Your Life?
What is a balance transfer and can it help me?
Dealing with massive amounts of credit card debt can become very overwhelming very quickly. Additionally, the myriad of options available for managing credit card debt may also be overwhelming. One potential option for paying down your credit card debt is to try a...
Could debt consolidation give you the wrong mindset?
Some people struggling with debt will consider debt consolidation as a way to alleviate their burden. By combining multiple debts into one, it is possible to simplify a debt load and secure a more favorable interest rate or reduce monthly payments. But debt...
Yes, financially responsible people sometimes declare bankruptcy
Even though bankruptcy protection offers a path to financial freedom for many Americans, some type of social stigma often accompanies bankruptcy filings. If either Chapter 7 or Chapter 13 bankruptcy is right for you, you should try not to worry about the opinions of...
Will the bankruptcy trustee take your income tax refund?
If you have decided to file for bankruptcy, you undoubtedly have many questions for your attorney. A particular tax-related question keeps popping up in your mind: Will the bankruptcy trustee gobble up my tax refund or is there a way for me to keep it?...
Common mistakes to avoid before filing for bankruptcy
If you have made the decision to file for bankruptcy, you may breathe a bit easier, but still feel overwhelmed. You might therefore consider taking action in certain ways that could be very damaging. Here are five common mistakes to avoid when you are facing...
Preparation for bankruptcy includes credit counseling
There are projects that will keep you busy as you prepare for bankruptcy. One will involve pulling together documents that will be essential to the filing. As you are organizing your paperwork, you will also need to obtain credit counseling. Entering counseling Before...
Still wondering whether you should file for bankruptcy?
Perhaps a one-time event like a serious illness with staggering medical bills has caused you to fall into deep debt. Perhaps you have just been overspending and those debts have caught up with you. Whatever the circumstances, you know you need to do something, but...
The wildcard exemption may help you in a Chapter 7 filing
When you think about filing for bankruptcy, it may seem at first like an overwhelming task. One of your major concerns is sure to be about assets: What will you be able to save? The thought of losing your home, your car or other possessions is frightening, but...
In the language of bankruptcy, what is a 341 meeting?
If you are thinking about filing for bankruptcy, you undoubtedly have many questions. You may have heard of certain terms and need a better understanding of what they mean. One of the terms related to the bankruptcy process is a “341 meeting.” What is...
