When you think about the people who declare bankruptcy, what do you imagine? What do you assume caused a debt problem for them? Many people are afraid to file bankruptcy, even if it could dramatically improve their life. Part of the reason might be that they think...
Month: January 2018
Debt can actually damage your health
Have you noticed newly gray hairs sprout lately? It might not be from aging. Instead, the stress of debt could be wearing on you. Aside from a few new wrinkles, debt can also contribute to serious health concerns. Under the strain of finances, your stress level might...
What happens to jewelry in Chapter 7 bankruptcy?
Question: I have an enormous debt and there’s no way I will be able to pay it off. I’m thinking about filing for bankruptcy, but I’m worried about losing everything I have. I know that I probably won’t lose my house, but I would be heartbroken...
How can Americans protect themselves from medical debt?
Even with insurance, healthcare is shockingly expensive. Between unnecessary surgical add-ons, scans and overused intensive care-level treatment, medical patients often find themselves facing surprisingly large hospital bills. More than 25 percent of Americans cannot...
Borrowing after bankruptcy to heal your credit: Part 2
A common myth about bankruptcy is that you won’t be able to apply for loans or credit cards until it’s off your record. In fact, there are many ways to show creditors that you are responsible enough to borrow despite bankruptcy. In part one of our series,...