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What was once considered the credit kiss of death, bankruptcy is now being seen as a last attempt to re-organize your personal finances and take charge of your debt. For couples trying to make every last dime stretch and banks now tightening their belts on lending,...

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,...

Filing bankruptcy is never the easy choice. Families and individuals that choose bankruptcy typically do it after heavy consideration and a period of long financial struggle. True, bankruptcy is one way to receive a fresh financial start, but it may not be the right...

Financial struggle has a way to beat us down. Debt and the stress that comes along with it can impact nearly every aspect of our lives. Knowing that financially based arguments are one of the main contributors to divorce, it should come as no surprise that...

For nearly half of all marriages, divorce is an inevitable fate. Many of those divorces are the result of years spent arguing over finances. In fact, an estimated 22 percent of all divorces are caused by financial frustrations between spouses. While many couples may...

By the time most Americans have decided to file for bankruptcy, their finances are so out of control that simply paying the filing fee may seem possible. For these many bankruptcy filers, the notion of filing pro se, or without an attorney, may seem like an...

Chances are, if you are considering filing for Chapter 7 bankruptcy, you are pretty well aware of how involved a process it is. Hopefully, you have already spoken with a bankruptcy attorney and determined your eligibility to file Chapter 7. However, if you have not,...

We are used to hearing how the growing costs of higher education can negatively impact today's young people. Many newly graduated individuals find it increasingly difficult to get on their feet with sometimes hundreds of thousands of dollars in loans. In an attempt to...

Although the decision to file Chapter 7 bankruptcy is a big one, many individuals do not realize just how much work goes into the actual filing. There are quite literally dozens of pages that have to be filed after the initial petition. Regardless of how simple or...