Medical debt is one of the top reasons why Americans file for bankruptcy every year. Even a single procedure could leave people with debt that they can never afford to pay off. Someone who has accumulated hundreds of thousands of dollars of medical bills may feel they...
Month: July 2024
3 so-called debt solutions that may push people into bankruptcy
Bankruptcy is one of the fastest and most thorough solutions that can effectively address significant personal debt. People can receive relief from collection efforts the same day they file. They can discharge certain eligible debts, eliminating the need to pay those...
Credit cards and bankruptcy have a complex relationship
Credit cards are used frequently in the United States. Recently, a new record was set when the total amount of credit card debt extended beyond $1 trillion. This is a new high point for Americans that has to do with both the growing population and the frequency of...
Is there a minimum amount of debt required to file for bankruptcy?
Bankruptcy offers a solution for those facing significant debt. However, before filing for bankruptcy, you must understand the process and requirements. Many people considering bankruptcy wonder, “Is there a minimum amount of debt required to file?” This is an...