If you’re ready to start a new chapter in your financial life, now is an excellent time to start looking at your options for repaying debt, cancelling debt or negotiating your way out of debt. There are options like bankruptcy that may help you resolve your debts...
Bankruptcy
How health insurance sets people up for personal bankruptcy
If you read the statistics about the number of people who filed for bankruptcy because of medical debt, you might assume that most of those people didn't have health insurance. Being uninsured when you get diagnosed with cancer or suffered severe injuries in a freak...
Tired of random creditor calls? An automatic stay can help
Bankruptcy comes with plenty of benefits. One of them is the use of an automatic stay. An automatic stay is a helpful provision in bankruptcy law that prevents collection agencies, government entities, creditors and others from trying to pursue money they say that you...
Deal with financial anxiety in a healthy way
Anxiety and financial well-being can go hand in hand. Those who are able to manage their anxiety in a healthy way often recognize when they are feeling stressed, and they try not to react to their negative feelings through coping mechanisms that will only make the...
Now is a good time to calculate your debt-to-income ratio
The first couple months of any new year is a good time to review personal financial information and plan for the upcoming months. If you are struggling to pay everyday expenses or unexpected ones, you may have too much debt relative to your income. Your debt-to-income...
When is the right time to seek bankruptcy protection?
Most people carry around some form of debt. From mortgages to car payments and credit card balances, it’s likely you owe another party something. Some people are able to keep their debt in check. However, a financial emergency such as an unexpected medical procedure...
