Filing for bankruptcy isn't ever an easy decision to make. It is imperative that you have all the information you need to make the decision that is in your best interests. Many things can impact this, so be sure that you get answers to your questions as soon in the process as possible.
Individuals who are in debt will sometimes look forward to tax season because they know they will receive refunds when they file. Unscrupulous debt collectors might claim that they are going to have your federal return intercepted or garnished. This isn't possible in most cases because the Internal Revenue Service doesn't seize tax refunds to settle private debts.
Every tax season, millions of Americans rely on their tax returns to help them catch up on bills and find a little extra for special purchases.
A recent study indicates there is one type of debt that might loom particularly large for older millennials. It may surprise you to hear that it is not student loan debt. Rather, it is credit card debt.
It's no coincidence how turning 18-years-old can make you a visible target for credit card offers. The hype and allure is all over the marketing material that appears to give young consumers an easy way to get what they want apart from their parents help. Unfortunately, the debt trap is cunningly set for people of all ages, but especially those who are young and uneducated on personal finance.
You may have run into a situation that has left you with a mountain of debt, and you have decided that filing for bankruptcy is the only way to get your life back. It is possible for you to file personal bankruptcy and become a pro se litigant.
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.
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.
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.
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.