Families or business owners who are considering filing for bankruptcy may wonder if it is a good idea to file on their own without an attorney. While it is certainly possible to file without the assistance of an attorney, in most cases, it is not a good idea. Bankruptcy laws are extremely confusing and one
Credit card judgments are awarded by a court to a credit card company, or their debt collectors, against a consumer who has failed to pay a credit card. However, the period between the time you stop making credit card payments and a company obtaining a judgment can be extremely long depending on the credit card
It can be hard to watch a loved one struggle with their finances. You know they are a good person, but personal economic struggles can have an impact on nearly every area of a person’s life. They might be more irritable. They could be more likely to get sick, and they can become withdrawn or
Under current law, student loans are not dischargeable in bankruptcy in the same manner as other unsecured debts. According to statute, you must prove that repayment of the loan will cause you and your dependents undue hardship. There is no precise statutory definition of undue hardship and it is a difficult hurdle to get past.
The purpose of filing for bankruptcy is to enable a person who has through bad luck, such as medical bills that outran health insurance, bad decisions, such as unsound investments or through a crime, such as fraud to have their debt forgiven so they can get a new start in their financial life. People with