Two of the biggest banks, Bank of America and JPMorgan Chase, have recently announced some very good news to consumers who have filed personal bankruptcy in the past. The two banks are eliminating consumer debt that are still showing on credit reports after the individuals filed...
Debt is a destination, a place we end up when we don’t have the right methods in place of handling our finances. Maybe a life event such as a sick child or job loss got you here. Maybe it snuck up on you without even realizing...
I have talked to many clients who were surprised that their driver’s license was suspended from past unpaid bills. The most common cause for this suspension is from a car accident resulting in money damages that has gone unpaid. In most cases filing for bankruptcy protection will...
Stigma may be one of the most powerful forces in the universe. Because of stigma, individuals will do thing and say things that are often not in their best interest. Japanese call it saving face and Americans call it honor. Whatever you call it individuals going through...
We all get to a point where financial crises can strike. While it can be a devastating scenario, there are debt management strategies that can help you or your loved ones stop the free fall before things hit rock bottom. Admittedly, people lose money in many...
One of the questions I get frequently is will it be possible to buy a home after filing for bankruptcy. In many cases the answer is yes provided you can meet all the normal underwriting requirements for income and down payments. We receive calls almost every day...
Recently, two companies that have been the favorites of 'gadget shoppers' around the world have filed for bankruptcies. Both Radio Shack and SkyMall have found themselves with plummeting sales and have now found themselves facing bankruptcy. Let's take a look at what brought each of these companies...
Will student loan debt ultimately lead you to filing for personal bankruptcy? With record amounts of money being borrowed to pay the rising costs of tuition around the country, the outlook can look pretty bleak. In fact, national student debt topples credit card debt by at least...
Nearly everyone has been to the doctor. Nearly everyone who has been to the doctor also has experienced the sticker shock that comes when the bill arrives. Medical bills are some of the most confusing bills that exist. A patient can have a procedure performed by...
Bankruptcy can be a scary thing to face. It can seem like a vague and ominous word that means your world is about to crumble. In order to take control of your finances you should learn more about what it means to declare bankruptcy. Specifically, what does...