How to discharge debts you don't know in bankruptcy
Updated on: 22nd May, 2018

Have you finally decided to pay off your debts and make a fresh financial start? Well, in that case, take these 2 steps right now.Step 1 Calculate how much you oweLook at your credit card statements and other bills. Calculate your total outstanding balance. Note it down on a blank sheet of paper.Ste...

Debt settlement or bankruptcy: Which option is better for consumers?
Updated on: 24th Apr, 2018

Both chapter 13 bankruptcy and debt settlement are good options to help you tackle debts. But there are situations when even the most intelligent mind fails to understand which option is the most suitable one, Chapter 13 or debt settlement? But before I begin, I want to clear one thing: ...

Filing bankruptcy is not a wise option for senior debtors: Why?
Updated on: 19th Dec, 2017

Retirement age is supposed to mean financial stability and free from financial worries. But unfortunately, most of the senior citizen of our nation are not getting the desired financial peace in their golden age. Most of the Americans over the age of 65 are getting into debt trouble and ...

Filing bankruptcy - Why planning at the right time is crucial?
Updated on: 26th Sep, 2017

Don’t have enough money to pay off your credit cards? Lost job or looking for a job? Unable to cover your household expenses? Dude, you’re in a big financial trouble. Let’s us talk about your options right now. You can opt for debt settlement provided you have a regular source of i...

Does it make sense to file bankruptcy due to identity theft?
Updated on: 4th Jul, 2017

It’s a sad but true story. - and if you've even been a victim of identity theft yourself, you’ll be able to relate. Jason was overwhelmed beyond words as he received a letter stating his son’s application for the second credit card. He had no idea about what was happening since his son was ...

The Automatic Stay - All that you need to know about this court injunction
Updated on: 28th Jun, 2017

As soon as you file bankruptcy, irrespective of what chapter you file under, the automatic stay goes into effect. It prohibits your creditors from taking any actions against you or your property but for a few specific circumstances. This stay is automatic, as the name suggests, and neither the court...

7 Reasons that compel you to opt for chapter 7 bankruptcy
Updated on: 2nd Mar, 2017

If you see bankruptcy filing as the one and only way out of your debt dilemma, and if you are sure of doing it, the very next question that pops up is under which bankruptcy to file. For most people who are looking to file personal bankruptcy, the choice entirely ceases down to either Chapter 7 or C...

Best 5 ways to keep tax refund when filing bankruptcy
Updated on: 21st Feb, 2017

Tax season has arrived! Like every year, many people are looking forward to receiving a tax refund from the IRS. The tax refund is like a reward that people can use in many ways. But, if you're in major financial trouble and have filed bankruptcy, then that money can be the most valuable easy-to-l...

Chapter 13 exemptions - What nobody would ever tell you
Updated on: 13th Sep, 2016

Chapter 13 bankruptcy exemptions are like an ‘emergency window’ which gives you the last chance to legally save as much as you can when paying back unsecured creditors. Chapter 13 bankruptcy and 7 exemptions are same - Really? There is a big difference between Chapter 7 and Chapter 13 bankrupt...

Medical bankruptcy: The double whammy of cancer
Updated on: 24th Aug, 2016

Being bankrupt is a different ball game. By the look of it, you’re in a total financial mess, even though your cancer has been cured. Still, it’s a double whammy, where both your life and finances are at stake. That’s overwhelming. Health care costs are galloping. And so is the plight of a gr...


BBB-A--Rating TrustLink logo TrustLink logo