Should You File for Chapter 13 after a Foreclosure?

Should You File for Chapter 13 after a Foreclosure?

Getting behind on your mortgage payments can easily happen. Once you miss one or two, it can be very challenging to catch up on the mortgage payments to stop foreclosure. Additionally, the mortgage company makes it more difficult by supplementing late fees and other...
Pros and Cons of Filing for Bankruptcy

Pros and Cons of Filing for Bankruptcy

Most individuals or businesses that qualify for bankruptcy fail to avail themselves of its potential benefits. Filing for bankruptcy can affect your personal finances for several years, but it is the best option to manage your secured debts. Nonetheless, each...
How to Rebuild Credit after Declaring Bankruptcy

How to Rebuild Credit after Declaring Bankruptcy

Hundreds of thousands of people file for bankruptcy each year to get out from under mounting debt. While declaring bankruptcy solves the immediate problem of not being able to pay your bills, it has consequences. Bankruptcy remains on your credit report for up to 10...
Nondischargeable Debts in Bankruptcy

Nondischargeable Debts in Bankruptcy

If you’re thinking about filing bankruptcy, you may have learned that certain debts are nondischargeable. If so, you’ve likely begun to wonder if your most pressing debts are dischargeable. This list is a guideline for what kinds of common debts are nondischargeable...
Bankruptcy: Chapter 7 vs Chapter 13

Bankruptcy: Chapter 7 vs Chapter 13

Each year, around 800,000 Americans file for personal bankruptcy protection. The decision to declare bankruptcy can be a hard one, but even once you’ve made the decision, choosing between a Chapter 7 and Chapter 13 bankruptcy can be a challenge. It’s important to...