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If you are experiencing financial difficulties, you probably know that these struggles are impacting your relationships with loved ones. There are many sources of financial worries, including overspending, debt, financial losses, loss of a job, or unexpected expenses. These...

In the United States, tens of millions of people struggle to obtain loans and credit cards with reasonable terms due to their low credit scores. A low credit score (typically anything under 620) may cost you money, and can prevent you from securing an apartment or even a job. If...

A recent report submitted to Congress shows that consumer bankruptcy filings have fallen for the second year in a row. This post will discuss some of the interesting findings from this report. The BAPCPA Report In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act...

After the Supreme Court’s decisions in Hollingsworth v. Perry (addressing a challenge to California’s Proposition 8) and United States v. Windsor (holding that the Defense of Marriage Act is unconstitutional), many people have wondered how courts will treat...

If your wages are being garnished, you may be considering bankruptcy. This post will discuss how filing Chapter 7 bankruptcy can put a stop to wage garnishment. What is Wage Garnishment? Wage garnishment is a method by which creditors can collect on debts owed to them. In order...

Many people believe that celebrities are immune from the financial pitfalls ordinary Americans face. But this is not true – many celebrities have filed for bankruptcy protection. Here is a list of some of the most famous celebrity bankruptcies of all time… Anna Nicole Smith: In...

The sharp economic downturn of recent years has impacted not only families and businesses, but municipalities too. When local governments can no longer afford to meet their obligations to lenders and creditors, they may be forced to file for bankruptcy protection. Since 2010,...

If you are considering filing a Chapter 7 or Chapter 13 bankruptcy, you may be wondering how the filing will affect your job. Many worry that they will be fired because of a bankruptcy. Others are concerned that potential employers may find out about a bankruptcy and deny them a...

Student loan debt outstanding in the United States now exceeds $1 trillion. One in 10 graduates accumulate more than $40,000 in student loan debt, and many find themselves with well over $100,000 of debt upon completion of studies. If you are struggling to repay your student...