Have you filed bankruptcy recently and looking for jobs? Well, your experience might have been somewhat demoralizing. Many employers are reluctant hiring people who have gone bankrupt in the past. They are apprehensive about the capabilities of individuals who have exhibited a certain degree of casual attitude in managing their finances. There are many people who have even been fired because of filing bankruptcy. Are you aware that this kind of treatment is illegal? The US bankruptcy code prohibits the employers from such discriminations. Let’s take a closer look.

We all spend time worrying about the betterment of credit score and credit report, but what we hardly care to know or assess is the importance of our bankruptcy risk score. Although in use for over the last two decades, bankruptcy risk score is still not talked about much by the consumers. However, its importance [...]

Consumer debt relief bailout refers to the fix where the creditor agrees to reduce your debt amount if they feel that you will not be able to repay it. It is one of the best ways to get rid of the problems regarding increased liabilities as the debts are reduced to a manageable repayment amount. [...]

With growing debt issues in the US, bankruptcy has become a commonplace event. Ranging from an impoverished credit score to social disgrace, bankruptcy has several major and minor implications in one’s financial, personal and social life. But does bankruptcy have any effect on one’s immigration status in the US?

The influence of bad debts on income taxes is a matter of serious concern among tax payers. The intricacies are often confused as many are not aware of the way things are carried out. A bad debt is a result of either actual money loaned or a loss on any earlier reported income. If you [...]