Category Archives: Debt
Can Rental Debt Be Discharged in Bankruptcy?
Are you behind on the payments on your rental property? Are you thinking of filing for bankruptcy to obtain relief from your debts? In this blog, we explain if rental debt can be discharged through bankruptcy. Rental Debt & Chapter 13 Bankruptcy If you file for Chapter 13 bankruptcy, you will have two options… Read More »
How Is My Credit Score Determined?
Your credit score is essentially a reflection of your ability to pay back the money you borrow. The better your score is, the easier it will be to take out a mortgage, car loan, lease, credit card or other forms of credit from lenders like banks and stores. Information about your our credit score… Read More »
What You Need to Know About Chapter 11 Bankruptcy
Chapter 11 bankruptcy is sometimes referred to as a “reorganization bankruptcy.” This type of bankruptcy is available for corporations, partnerships, and sole proprietorships. Individuals can also file for Chapter 11 if they have too much debt to be eligible for a Chapter 7 bankruptcy. Before you decide to file for Chapter 11 bankruptcy, you… Read More »
Rebuilding Your Credit: Credit Cards to Use After Bankruptcy
Many people become discouraged about their credit score after filing for bankruptcy. Depending on the type you filed, a bankruptcy can be listed on your credit report for up to 10 years. Even after your bankruptcy is discharged, there is a good possibility that your credit score will remain low until you take the… Read More »
5 Types of Bankruptcy
If you are considering bankruptcy, you are probably wondering how to get started and what kind of options are available for you. In this blog, we explain 5 different types of bankruptcies to help you determine which option is right for you. Chapter 7 Bankruptcy Sometimes called “liquidation,” “straight bankruptcy,” or “complete bankruptcy,” Chapter… Read More »
Alternatives to Bankruptcy: Debt Consolidation
If you are facing aggressive creditors and mounting debt but wish to avoid bankruptcy, you may be able to seek an alternative solution. In some situations, combining debt can make repayment more manageable, and could help you settle your financial issues more quickly and efficiently. Whether you owe money for unpaid medical bills, credit… Read More »
What’s the Difference Between Unsecured & Secured Debt?
When you are in the midst of a bankruptcy filing, you will likely come across both secured debt and unsecured debt. You might not, however, come across a clear explanation as to what these two types of debt are, and why you should care. What is Secured Debt? A secured debt is any type… Read More »
Is the National Debt Really Something to Worry About?
If you have been following the upcoming 2016 presidential election at all, you have likely heard about the rising national debt as being one of the main topics of debate. Since the year 2000, the country’s debt has skyrocketed by $5.7 trillion to a staggering $19.5 trillion – more than three times as much… Read More »
