If your dollar does not seem to go as far as it did just a few months ago, your mind is not playing tricks on you. In fact, according to reporting from CBS News, the prices of goods and services have climbed faster in the past year than during any period in the...
General Bankruptcy Topics
Divorce and bankruptcy: which should come first?
Going through divorce and bankruptcy separately is stressful even in the most amicable situations. Dealing with both at once exacerbates the strain on you personally and financially. Here is some information to help you decide which proceeding should take precedence....
Why is 30% so important to your credit score?
If you want to purchase a new home, car or any other expensive item, you have a couple of options: You can either pay cash or secure a loan. Still, most Americans do not have even three months of their salaries in savings. When you apply for a loan, the financial...
What does your credit report look like after bankruptcy?
After discharge of your Chapter 7 bankruptcy, you are no longer responsible for paying off those debts. However, a record of the bankruptcy and your closed accounts still remain. Because there is still a record, bankruptcy continues to affect your credit score....
How the automatic stay shields debtors from collection activity
Many people file bankruptcy to shield their remaining assets from collection proceedings by their creditors. Unless these debtors have filed a bankruptcy previously, they may have no awareness of the automatic stay and how it can protect them from ongoing collection...
What do you know about recovering financially from bankruptcy?
It took some time for you to become comfortable filing for bankruptcy, but you took the step. Have you made plans to make the most of your decision? U.S. News & World Report offers suggestions for rebuilding your financial household after filing for bankruptcy....
3 tips for dealing with emotional stress during bankruptcy
If you are in debt, you know the kind of stress and anxiety it can cause. If you have thought about filing for bankruptcy, you are one of many ready to take charge of your finances and move forward. According to the United States Courts, in 2020, bankruptcy filings in...
Bankruptcy exemptions in Maryland
Filing for bankruptcy is not something that anyone wants to do, but circumstances sometimes dictate that it is necessary. Some people think that it means losing everything to discharge debts, but there are some things that are exempt. Here are a few of the more common...
Does bankruptcy affect tax refunds?
There are many factors to take into consideration if you are thinking about filing for bankruptcy, but it is especially important to focus on the financial effects of bankruptcy. Although Chapter 7 bankruptcy offers a number of benefits for many people struggling with...
How should I prepare for bankruptcy?
Even smart, responsible people can find themselves bogged down by debt. When this occurs, filing for Chapter 7 provides a way for you to get your finances under control, once and for all. According to Kiplinger, you must prepare for a bankruptcy filing by taking the...