Category Archives: Bankruptcy

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What Will Happen if I File for Chapter 7 Bankruptcy?

There are three common types of bankruptcy filings: Chapter 7, Chapter 11, and Chapter 13. Chapter 7 bankruptcy is most frequently used by individuals, partners or corporations who have no other option. Those who file for Chapter 7 bankruptcy have no hope of fixing their financial situation. – In this type of bankruptcy, the debtor’s……
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The Most Difficult Part of Bankruptcy Has Nothing to Do With Money

In many cases, filing for bankruptcy is your best financial option. However, that doesn’t mean your head, heart and wallet are in sync. Bankruptcy can be difficult to accept emotionally. When you’re facing bankruptcy, it is normal to be overwhelmed by feelings of loss and frustration. There are a few steps you can take to……
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When it Comes to Dealing with Debt Collectors, You Have Rights

When you’re behind on some bills (or all your bills!) and the debt collectors are hounding you, it’s understandable if you feel anxious, overwhelmed and powerless. After all, they are right; you do owe the money. However, that doesn’t mean you have to put up with the aggressive and often unscrupulous, harassing tactics many debt……
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College Degree Doesn’t Make You Immune from Bankruptcy

With years of higher education under your belt and a great job, one would think you’ve got it made financially (Or at least you are on the road to financial freedom). You’ll never need to know anything about bankruptcy, right? Bankruptcy is for the unemployed and uneducated. Right? While it sounds like common sense to say……
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Governor Christie Warns Pensions May Force NJ into Bankruptcy

Is New Jersey on the path to Detroit’s bankruptcy fate? According to New Jersey Governor Chris Christie, if things don’t change with the state’s pension system, that’s exactly where the Garden State is headed. On July 23, the governor kicked off his “No Pain, No Gain” summer tour to spread the word about the need……
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