Category: Debt

Types of Bankruptcy

Filing for bankruptcy is a stressful financial decision, and it can be confusing to determine which type of bankruptcy is best for your situation. Based on your circumstance, filing for the right type of bankruptcy can help you get back on your feet financially. By familiarizing yourself with …

Should I File For Bankruptcy?

The decision of whether you should file for bankruptcy is daunting. It is understandable to feel anxiety and uncertainty about your circumstance. Filing bankruptcy is a lofty decision with consequences, but it can be an important step towards gaining financial control. If you have become overwhelmed by debt …

Statute of Limitations on Debt

Here’s some good news if you’re struggling with debt: As time passes, your old bills can lose some of their power to hurt you. This is true, in part, because of your state’s statute of limitations laws. Let’s learn more. Table of Contents: Statute of Limitations vs. Credit …

What Is Bankruptcy?

If you get too deep in debt, your income collapses, or you experience a major life crisis, you may need to consider bankruptcy. It’s a difficult process, but it may be completely necessary if you see no way out of your current debt problems. There will be credit …

Pros and Cons of the Debt Snowball Method

When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills, and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “debt snowball” can encourage you …