Category Archives: Personal Bankruptcy

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Are All of My Debts Dischargeable Under Chapter 7?

Those who seek the protection of Chapter 7 bankruptcy often make the mistake of assuming that all of their debts will be discharged and disappear. While some debts will be wiped away, there are many debts which cannot be discharged. Debtors who hope to improve their financial situation would do well to understand which debts……
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Can Bankruptcy Help With Your Student Loan Debts?

There are more Americans with student debt than there are people in many countries. According to the Consumer Financial Protection Bureau, there are more than 40 million Americans dealing with student loans, amounting to more than $1.2 trillion in amassed debt. On top of that, of those 40 million borrowers, seven million have defaulted and……
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Bankruptcy: When is it Time to Throw in the Towel?

Filing for bankruptcy should not be looked at as a “get out of jail free card,” or even as a go-to first option when dealing with debt. Bankruptcy is a remedy when you’ve tried other ways out of debt that haven’t panned out. For example, have you cut your spending and tried to find extra……
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After Bankruptcy, Use Your New Credit Card Wisely

George Santayana has often been quoted as saying, “Those who cannot remember the past are condemned to repeat it.” Perhaps there are few areas of life where this phrase can be more applicable than with a person who got in over their head financially, filed for bankruptcy, and is subsequently the proud owner of a……
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