Credit Card Debt Does Not Mean You Are Irresponsible

Historically, being in credit card debt has come with a certain degree of social stigma.  While societal pressures push us ceaselessly to buy, we face a sort of shame when we cannot pay.  In 2010, the average New Yorker carried $6,600 in credit card debt, according to Debt.org.  The national average for credit card debt that […]

How Are Taxes Treated When You File for Bankruptcy?

If you are struggling to pay the bills each month yet find yourself falling farther and farther in debt, bankruptcy may be the best long-term solution. Most individual debtors file either a chapter 13 or a chapter 7 bankruptcy. If you have significant tax debts, the way those debts are handled in the different bankruptcy […]

Types of Corporate Bankruptcy

You have worked hard to get your corporation viable and profit-making, having invested large amounts of money and time and perhaps hiring employees to realize your business dream. Unfortunately, because of the economy or other factors, your business is struggling, creditors are hounding you, and you may even have lawsuits filed against you as well […]

Four Things to Avoid Doing Before Filing for Bankruptcy

The decision to file for bankruptcy can be a difficult one, but once you decide to move forward, it is important to understand what you shouldn’t do before you actually file. Filing for bankruptcy is not a guarantee that you will be approved. Therefore, you need to follow the right steps to increase your chances […]

How Soon After a Bankruptcy Can I Purchase Property?

The Federal Housing Administration (FHA) specializes in insuring loans for qualified borrowers who have issues that exclude them from conventional loan programs, such as less than perfect credit histories. While subprime loans also cater to this type of borrower, FHA loans offer market-competitive interest rates and terms much lower than those of subprime loans. FHA lenders require […]