Category Archives: Bankruptcy

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What Is Involuntary Bankruptcy?

Bankruptcy is often advertised as an option you can turn to in a tough financial situation. It provides you with a way to discharge some, if not all, of your debt and get you back on track to a sound financial future. In rare situations, an unwilling debtor might get forced into involuntary bankruptcy by……
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Does a Parent’s Bankruptcy Affect Eligibility for Student Financial Aid?

Bankruptcy is a complicated issue that affects many areas of one’s life, but in general, filing for bankruptcy doesn’t interfere with eligibility to receive federal aid. It can, however, affect eligibility for some student loans and loan programs, but it might not be as bad as you think. A green light for financial aid and……
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6 Tips to Rebuilding Your Credit After Bankruptcy

The decision to declare bankruptcy is very difficult. The goal of filing bankruptcy is to give a troubled debtor a fresh start, yet it affects your future credit, your reputation, and your self-image. Thankfully it also considerably improves your short-term quality of life, alleviates many of your financial obligations, and you may be able to……
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Life After Bankruptcy: What Happens After My Debts Have Been Discharged?

Making the decision to file for bankruptcy is never easy. Once you’ve made that decision, you may expect the process will go smoothly and you’ll quickly move on with your life. However, the reality is that even after you’ve received your discharge and your bankruptcy is complete, to give you the greatest possibility of successful……
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Are Annuities Exempt in Bankruptcy?

When it comes to bankruptcy, it’s important to know what properties, debt, or other money can be deemed exempt. This is especially valid because property exemptions can vary from state to state, and even those can vary from federal property exemptions. The same holds true for annuities, which usually come in the form of an……
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