Bankruptcy

Bankruptcy provides financial relief for people who accrue excessive debt or who have a sudden drop in income. Successful personal bankruptcy filings can eliminate certain debts through the discharge granted by the courts. For many people, a single bankruptcy filing...

People may accrue substantial medical debt because they don't have health insurance. Even those with insurance are theoretically at risk of massive medical debts. Needing care from an out-of-network provider could result in tens of thousands of dollars in medical...

You're drowning in debt. The bills keep piling up. You've heard bankruptcy can wipe the slate clean. However, here's the hard truth: filing for bankruptcy won't stop your child support payments. Many people believe bankruptcy eliminates every monthly obligation. This...

Entrepreneurs excited about business concepts often rush forward to start their companies as quickly as possible. They want to corner the market before someone else has the same idea. Unfortunately, some brilliant ideas come before the public is ready for them....

A Chapter 13 bankruptcy plan is a contract with the court and your creditors, designed around your specific financial picture at the time of filing. When that picture changes, whether for the better or worse, the established repayment terms may no longer be accurate....

It is quite possible that bankruptcy filings will increase in the next few months or years. When the economy struggles, there is often an increase in consumer bankruptcies. Things get more expensive, and people cannot afford the debt that they have. Workers may...

Making the decision to file for bankruptcy usually occurs after you realize that you simply can’t keep making payments on your regular bills and your credit accounts. This is a major decision that often introduces many questions. One of those questions might be what’s...

Medical bankruptcy is not a separate type of bankruptcy. Instead, it refers to cases where overwhelming medical bills are the main reason someone files. Many people need emergency care that they did not expect and could not plan for. Suddenly, they owe hundreds of...

Filing for bankruptcy is a significant financial step that can raise concerns about your credit. Many people fear that it will permanently damage their ability to secure loans or credit. While bankruptcy certainly impacts your credit score, the damage is not...

The decision to file for bankruptcy is one that can have a major financial impact. It’s one way to address collection attempts and bills that just won’t stop coming, even though you don’t have the money to pay them.  Filing bankruptcy is a legal way to address these...