Chapter 7

Anyone that has experienced the stress and anxiety that comes with financial struggle knows how sickening it can really be. Simply saying it's difficult isn't doing it justice. When times are tough and mounting debt is weighing you down, just getting out of bed in the...

Bankruptcy is scary. For many people, it represents failure and is a place they never thought they would be. However, siphoning out the truth from bankruptcy's mythical reputation can help make struggling individuals feel much better about considering it. Let's face...

Many people that consider bankruptcy believe that when they file bankruptcy their home will go into foreclosure. If you're not going to reaffirm your mortgage then yes it can go into foreclosure for non-payment. If you reaffirm your mortgage, you may continue your...

Typically when a person is struggling financially, they explore all the options available to them before considering bankruptcy. Many times for these people the promise of debt freedom through consolidation seems like a viable option. However, when considering what...

Many people wait until the last minute of sanity before filing bankruptcy. Faced with extreme hardship and frustration, most people that consider it, don't actually do it until they have nearly lost their minds fighting the uphill battle against financial struggle....

TelexFree, a marketing and telecommunications firm, filed Chapter 11 bankruptcy last year in a desperate attempt to reorganize some of its outstanding debt. While the company may have expected to be relieved of some of its debt through Chapter 11, what they likely did...

Some people still believe that bankruptcy wipes out all their financial obligations including child support. While many paying parents may wish this were true, the truth is, bankruptcy doesn't wipe out back owed child support or change a future obligation to pay. The...

When individuals make the decision to file bankruptcy, their fear is often replaced with relief when the automatic stay kicks in. Even though the bankruptcy hearing may be stressful, many individuals power through it with the anticipation of their bankruptcy discharge...

Making the leap from financial struggle to debt freedom sometimes requires that individuals file bankruptcy. Even though bankruptcy is a scary consideration, it works for millions of Americans each year. Chapter 7 bankruptcy is commonly known as ordinary or straight...

Nearly every couple at some point throughout their marriage experiences some type of financial struggle. After all, money and finances are a common arguing point for millions of families. If the unthinkable happens, and you or your spouse is forced to file bankruptcy,...