If your phone has rung for the eighth time in a row because of collectors who won’t leave you alone or you keep getting calls at work demanding that you repay a debt, it can be embarrassing and upsetting. Many people don’t realize that creditors are restricted in how...
MSN Business Insider: I declared bankruptcy at 28 when my $60,000 debt became overwhelming. It was the right decision - and the stigma needs to end.
Modern life gives you too many ways to fall deeply into debt. Many people need credit cards just to cover their basic bills every month, meaning that they slowly develop a balance that they can never truly pay off. It is common for people to have multiple cards that...
It's hard to forget about overwhelming debt. You probably constantly worry about your budget shortfalls and obligations. Anything from a billboard to a markup on a brand you like might remind you of your financial circumstances. Even if you don't constantly berate...
For consumers, one of the two main bankruptcy options is known as Chapter 7 bankruptcy. It has a streamlined, simple process that allows you to liquidate assets, pay off some of the debt that you owe, and then ask for the rest of the debt to be forgiven. If you’re...
Zombies are a pop culture phenomenon that have dominated the media for years in everything from movies to television shows and books. At first glance, you might not understand why financial professionals and legal experts refer to some types of debt as zombie debt....
Some people fall behind in their bills due to personal hardship like an illness or the death of a loved one. Other people habitually rack up debts that they have no intention of paying. The people who work as bill or debt collectors have no way of knowing whether you...
Bankruptcy carries serious social stigma. A lot of people associate bankruptcy with irresponsible behaviors. They might think that people who need bankruptcy overextended themselves on credit cards doing frivolous things like buying expensive coffee or overpriced...
Overwhelming debt can happen to people in all sorts of circumstances. Those who are already retired or who live on lower incomes can accumulate debt by simply trying to meet their families' needs on a day-to-day basis. Those who experience adverse medical events, such...
Should your finances take a turn for the worse, you must consider every possible strategy for getting back on track. Chapter 13 bankruptcy is one such idea to consider, as it’s packed full of benefits that can provide immediate and long-term relief. Through Chapter 13...
