Those who have never declared bankruptcy often assume that it only happens because of irresponsible spending habits. They imagine people running up charges on their credit cards that far exceed what they’re going to make during the week. In general, this is not true....
Month: January 2021
Debt collection goes digital in 2021
If you’re already drowning in debt, it can be tough to find a place of respite from all the bill collectors hounding you through phone calls and letters. Thanks to new rules by the Consumer Financial Protection Bureau (CFPB), you won’t be able to escape debt...
The benefit of reorganizing debt
The general idea behind Chapter 13 bankruptcy is that you can reorganize your debt into a new repayment plan. This new organization of the money you owe helps you pay it off over time, though you do have set payments that you have to make on a set schedule. If you’re...
A Chapter 7 bankruptcy may give you the relief you need in 2021
There is no doubt that 2020 has been a tough year for lots of people. The economy has been weakened, and job losses have been significant. People have used their savings to get through, and many are still struggling despite their best efforts to stay afloat. If you...