Category Archives: Bankruptcy

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5 Factors That Affect How Credit Bureaus Calculate Credit Scores

Finding yourself in a position of contemplating bankruptcy can bring up a lot of questions such as: How does a new bankruptcy affect my credit score vs. an old one? Some might be surprised to find out that in a number of cases, filing bankruptcy might actually improve your credit standing. How a bankruptcy impacts……
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4 Criteria For Tax Debt To Be Dischargeable Under Bankruptcy

Many people who struggle with their finances and debt, also struggle with tax debt and turn to bankruptcy as a solution to their tax problems. Although bankruptcy can help with many types of tax issues, it cannot solve all tax debt problems. Knowing how bankruptcy works when it comes to tax debt is critical in……
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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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Why Americans Are In So Much Debt

Feeling like your debt is higher than ever? You’re not alone. The Federal Reserve reports on consumer debt each month, and recent stats show that consumer borrowing has reached a new milestone. Americans are diving deeper and deeper into the red as consumer debt just crossed the $4 trillion mark for the first time ever…….
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Life After Bankruptcy: What Happens After My Debts Have Been Discharged?

Making the decision to file for bankruptcy is never an easy one. Once you have made that decision, you may expect that the process will go smoothly and that you will quickly be able to move on with your life. However, the reality is that even after you have received your discharge and your bankruptcy is……
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