Category Archives: Bankruptcy

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Bankruptcy and Debt Collection Lawsuits

When you have unpaid debts, creditors may resort to pursuing a lawsuit against you to collect. Not all creditors have the option of pursuing this legal remedy, but in many cases, the creditor can obtain a judgment against you that may include wage garnishment. Debt collection lawsuits begin when the collection agency or creditor files……
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Chapter 7 Bankruptcy and Medical Debt

One of the biggest ways people end up accruing debt is the combination of inadequate health insurance coverage and the constantly increasing cost of healthcare. People find it difficult to meet the financial demands and high costs associated with treatments, surgeries, medications, etc., leaving them facing considerable medical debt. Despite this ever-growing problem, there is……
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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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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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