Bankruptcy offers the chance for a fresh start for those with overwhelming debt who are unable to pay their bills. Once people file, they are no longer responsible for discharged debts. Extreme medical debt is the main reason most Americans 55 and older consider...
Although there are many undeniable advantages to filing for bankruptcy, there is still a certain stigma attached to it, and this often deters people, preventing them filing. If you are struggling with overwhelming financial challenges but you are worried about how...
Overwhelming debt and mental health issues are strongly linked. Financial difficulties can contribute to increased stress as well as anxiety disorders and depression. However, causation can also run the other way: Those with mental health issues may be more likely to...
The length of a bankruptcy largely depends on the Chapter of bankruptcy that is filed for, and the complexity of the individual case. If you are considering filing for bankruptcy in Frederick, it is important to recognize that time and effort will need to be invested...
If you are struggling with debt, you will know that no matter what luxuries you have in your life, you will be unable to enjoy them to a full extent due to worries about the debt in the back of your mind. Having an expensive car or designer clothes can bring joy, but...
An increasing number of young people in the United States are now going to college. For the majority of college students, loans are taken out in order to pay for tuition and living expenses. At the time, college students take out these loans thinking that they will be...
There are several different types of bankruptcy options for debtors in the United States. If the debtor has a very high income, the process of bankruptcy can be more complex. This is often because high earners struggling with debts tend to be dealing with a higher...
Illnesses can strike us when we least expect them. Not only can they cause a lot of pain, stress and suffering, they can also be a heavy financial burden on a household. When a parent, child or any individual gets ill, it is likely that they will need to be cared for...
When you are struggling with ever-increasing debts, it may be difficult to work out what your options are to help you to get out of your situation. It is likely that constant communication with debt collectors will leave you feeling stressed, but you may worry that...
For many people, bankruptcy is seen as a last resort, as an admission of failure and therefore a surrender. However, bankruptcy has had a negative stigma attached to it for many years, and while needing to file for bankruptcy is never an ideal situation, it can be an...
