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When people think of bankruptcy benefits, they usually think of getting rid of debts and getting out of financial trouble. What many people are not aware of is that there is actually another benefit associated with filing for bankruptcy protection: you can start rebuilding your credit score. It is a common misconception that bankruptcy will...

Bankruptcy is often viewed as a last resort and as something negative. While it is true that going bankrupt isn't ideal, the reality is that it is much better than a lot of alternatives. There are significant benefits to bankruptcy which cannot be understated for people who are in debt. If you are concerned about...

A recent court decision on a law school student's debt could have a significant effect on others who are saddled with educational loans and are weighing bankruptcy options. In a March ruling, Judge Carla Craig of the U.S. Bankruptcy Court in Brooklyn, N.Y., sided with a law school graduate who wanted to discharge (or cancel)...

When you are in debt and are concerned about your bills, you may be eager to find help solving your financial problems. There are legitimate solutions to debt troubles, including filing for bankruptcy as well as exploring ways to refinance your debts or negotiate a payment plan. Unfortunately, there are also a lot of debt...

Consumers often find themselves faced with tremendous amounts of credit card debt which they are not able to pay. In fact, Time reports that the average American is in credit card debt regardless of how good the economy is doing.  Americans owed $935.6 billion in 2015, and the average American between the ages of 18...

Chapter 13 bankruptcy is one of the best options for many people who have found themselves struggling with debts. If the money you are paying to your bills is not actually bringing down balances because all of the money is going to interest, Chapter 13 may be the way to get out of the financial...

Medical care is expensive, even after the passage of the Patient Protection and Affordable Care Act (PPACA). Insurance deductibles may be very high, out-of-network care may not be covered but may be necessary, and essential prescription medications are not always paid for. These problems can be issues for everyone, but for people who develop a...

The Fair Debt Collection Practices Act aims to protect consumers from abusive practices on the part of debt collectors. Unfortunately, despite an array of laws aimed at protecting debtors and despite government agencies like the Consumer Financial Protection Bureau trying to stop dishonest debt collection tactics, debt collectors still continue to be unethical. Those who...

Bankruptcy is often the best choice for debtors in Columbia and surrounding areas who cannot make payments on their debts. When you miss payments or you are covering only the interest on your debts, continuing to send money to creditors is simply a waste. Filing bankruptcy can provide relief, but you may be concerned about...