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Can I File for Bankruptcy if I’m Unemployed?

The stress of being in debt is exacerbated if you are also unemployed. How can you repay your loans if you don’t have a steady income? Don’t worry – you still have options. You don’t have to be employed to file for bankruptcy. You can still file without having a job, although it may complicate… Read More »

Wiping Out Lawsuit Judgments with Bankruptcy

The only thing worse than having a debt in collections may be having a debt that’s become a judgment.    A judgment is a court decision that allows a creditor or debt collector to take legal steps to collect payment from a delinquent debtor. This can include freezing your bank account, garnishing your wages, and… Read More »

Can Bankruptcy Stop Creditors from Garnishing Wages?

From plummeting credit scores to harassment from bill collectors, there are many drawbacks to falling behind on debt payments. But perhaps none are as frustrating as wage garnishment. If you are delinquent on debts, creditors and debt collectors may be able to get a court order demanding that your employer garnish wages from your paycheck… Read More »

Should I File for Bankruptcy to Eliminate Medical Debt, Even If I Have Good Credit?

Medical debt is the leading cause of bankruptcy in the U.S. today, affecting people of all ages – and in all financial situations. It’s never easy to take on medical debt when you’re already struggling with a slew of other money troubles. But what if, until now, your credit has been close to perfect? Even… Read More »

For Homeowners Facing Foreclosure, Chapter 13 Bankruptcy May Still Be Best Solution

Foreclosures may not be making headlines like they once did, but losing a home is still a very real threat for many Americans – one that appears to be on the rise. According to RealtyTrac, nearly 52,000 U.S. homes were set for foreclosure auctions this August, up 1 percent from a year ago. Though the… Read More »

As Debts Threaten Home Ownership, More Retiring Baby Boomers Turn to Bankruptcy

Living with large debts makes it hard enough to keep up with mortgage payments during your working years. But what will happen to your home once you retire? A growing number of seniors are about to find out. By 2030, the population of people over 65 in the U.S. will more than double to 73… Read More »

What happens to a cosigner when the borrower files for bankruptcy?

Most people have the best of intentions when they ask a loved one to cosign a loan. But what happens when a well-meaning borrower can no longer afford to make loan payments? All too often, co-signers bear the burden when a family member defaults on a debt. It’s hard to say no when a child,… Read More »

When Delinquent Debts Sneak Up on Consumers, Bankruptcy Comes to the Rescue

More than one third of Americans have delinquent debts, according to a new study – and the only thing scarier than that statistic might be the fact that many don’t even realize they have debts in collections. A recent Urban Institute survey found that 77 million people, or about 35 percent of U.S. adults with… Read More »

Can Chapter 13 Bankruptcy Help Me Get My Car Back?

If you’re anything like millions of Americans, your car is one of your most loyal companions. You rely on your car, truck or SUV to get you to work, to school, or wherever it is you need to go each and every day. But what if your vehicle – and your freedom – were taken… Read More »

Bankruptcy May Help Indebted Workers Save for Retirement

Could the days be over when reaching retirement age means actually being able to retire? A new survey seems to indicate so. Almost one third, or 31 percent, of adults in the U.S. say they have no savings or pensions as they approach retirement. As if that isn’t worrisome enough, nearly 20 percent of those… Read More »