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  It is important that you understand the benefits you will receive when considering a bankruptcy. The specific financial help that you get from a bankruptcy filing will vary depending upon many factors, including what chapter of the bankruptcy code that you choose. However, one of the biggest and most important issues that impacts the...

We have discussed in recent blog posts many bankruptcy benefits, such as protecting your house, starting the process of rebuilding your credit that will improve your credit score so you can purchase a home or just reducing your stress level. With so many reasons to file bankruptcy in order to proactively address all of your...

When you are in financial trouble, understanding the benefits of bankruptcy can make it possible for you to make a smart financial choice about whether bankruptcy is right for you. For most people, there is no greater financial trouble to be in than the threat of losing a house. Unfortunately, if you are not able...

Creditors want people to be in debt. In fact, Washington Post reported recently on how creditors use psychological tricks designed to encourage consumers to stay in debt for longer. Creditors also structure credit card offers, and rules for particular cards, differently based on whether the cards are targeted to poor consumers or wealthy ones. The news...

If you are in debt, pushy debt collectors are likely a fact of life. When you cannot pay your bills or are late with a payment, you can expect to start getting calls almost immediately. As more time passes with nonpayment, often the collection efforts get worse- especially if your lender ends up selling off...

There are many bankruptcy benefits that people who are in debt experience when they declare bankruptcy. One of the biggest and most important benefits is relief from financial anxiety. Far too many people experience ongoing money worries that affect their lives. Being worried all the time about money and debt can have an adverse impact...

For those coping with medical debt, bankruptcy can provide a lifeline. The benefits of bankruptcy cannot be understated when it comes to being able to climb out of a debt trap that affects your financial priorities and causes continuous money stress. Medical debt can pile up quickly for people, even those with insurance, when a...

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)...