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Are people ages 65 and older are filing for bankruptcy more than any other generation? An article in media outlet OZY says yes. That's because today, many older Americans are living on a tighter budget than ever before. One 73-year-old woman had no choice but to file for bankruptcy after her credit card debt reached $18,000....

If you have already filed for bankruptcy or are considering filing, the effect it may have on your credit report may raise some concerns. Bankruptcy will impact your credit report. For how long depends on the type of bankruptcy you file, according to an article in MoneyWise. If you're filing as an individual, you may...

Achieving a higher education is a great way to position yourself for a prosperous life. It’s also a great way to put yourself deeply in debt. Whether financing college, graduate school or another former of higher education, students pay a steep price. Statistics show: Student loan debt for the Class of 2018 averaged $29,800. More...

The aftermath of a bankruptcy feels like a financial catastrophe for many people. Not only can it remain on your credit report for 7-10 years, it can also reduce a person’s likelihood of qualifying for credit or a loan during that time. Some debtors struggling to make ends meet are reluctant to consider bankruptcy because...

The common misconception is filing bankruptcy means financial death. However, being financially overwhelmed by debt that is nearly impossible to pay off can leave you with limited options. One common option is debt consolidation. It’s one of the most revered and sought-after methods for managing copious amounts of debt. It usually involves transferring all debt...

You needed to take out a loan, but your credit was not good enough to do so on your own. Perhaps you’ve asked a friend, family member or business associate to co-sign for the loan. If you’ve gone through this experience, you may be wondering how filing for bankruptcy will impact you and the co-signer....

You attended a college or university in pursuit of a starting your career but being stuck with student loan debt can be financially and emotionally overwhelming. Your monthly payments may be barely affordable, and you may feel like there is no other way out. If this is you, understand that you’re not alone. Forbes reports...

Filing for bankruptcy is a major decision that can impact your life in numerous ways. If you plan to file for bankruptcy, it’s important that it’s done right. Understanding what not to do can save you a heap of trouble when navigating this complex, life-changing process.  Lying about your assets When filing a Chapter 7 bankruptcy, it is crucial that you...

Filing for bankruptcy in South Carolina can be a complicated, confusing process. This is especially true if you need to appear in bankruptcy court. The amount of information you will need to prepare and present in court can be overwhelming. And if you make the slightest mistake, your bankruptcy application could be delayed or denied....