Anyone can fall into financial distress. Even those who do everything right can find themselves in trouble. If you become caught in an inescapable fiscal bind, bankruptcy offers a fresh start. The government recognizes six unique classifications of bankruptcies. Of...
Bankruptcy
What contributes to business insolvency?
Running a business, large or small, is a massive endeavor that revolves around several key aspects of the market. Much of this is out of your hands, which is why it is important to understand the best strategies for reacting to them. Sometimes those factors risk or...
Is this debt collector misrepresenting something?
When dealing with debt collection, it is important to understand the rights you hold and the lines debt collectors cannot cross. They may attempt to circumvent these laws and overstep lines without you even knowing. One of the first things you should keep an eye out...
Medical debt the leading cause of bankruptcy filings
If you count yourself among those facing mounting medical debt in Massachusetts, know that you are not alone. Research shows that unpaid medical bills have become the leading cause of bankruptcy filings across the United States. Furthermore, unpaid medical debt may...
How long after Chapter 7 bankruptcy can I get a mortgage?
Filing bankruptcy causes a huge hit to your credit, but the effects do not last forever. It may slow you down, though, if you have plans to buy a home. According to the Mortgage Reports, you will usually need to wait at least two years before you can qualify for a...
What information do I need to file Chapter 7?
If you decide that you want to file Chapter 7 bankruptcy, then you will need to begin with compiling all the information you need. It is essential to provide the court with complete information and documentation. The US Courts explain if you turn in an incomplete...
What type of bankruptcy is best for your situation?
Financial setbacks happen to everyone and recovering can get complicated. If you are considering declaring bankruptcy, you should know what your options are. Chapter 7 The most common type of bankruptcy, Chapter 7 is also called liquidation bankruptcy because most of...
Will bankruptcy hurt your job prospects?
Contrary to what many want you to believe, bankruptcy can actually open the door to opportunities. When you leverage this resource the right way, you may find that it allows you a clean slate to rebuild your finances. Bankruptcy can have an impact on areas of your...
Chapter 7 bankruptcy may discharge outstanding medical bills
Individuals with overwhelming medical debts may file for Chapter 7 bankruptcy to regain control of their finances. As noted by Credit Karma, a filing provides immediate relief from bill collectors because of the legal protection known as an automatic stay. After...
What should you know about debt collector misrepresentation?
When dealing with crushing debt, you need a caring and considerate financial counselor and legal help at your side. What you do not need is a debt collector hounding you day and night for your money. Debt collector harassment often gets press for forcing victims of...