Bankruptcy

People who file for bankruptcy often have considerable stress because of contact from creditors. Having to deal with calls, text messages and other communication from them can make it difficult to live a normal life.  Once a person realizes that their options for...

For those who have filed for bankruptcy in the past, the process has clear benefits. The bankruptcy process allows people to relieve overwhelming debts, giving ease to families struggling financially because of their financial obligations. In just a few short months...

The largest benefit of bankruptcy is that you can relieve your overwhelming debts, such as medical debt, credit card debt and personal loans. However, you may notice that your credit report is affected by a bankruptcy filing. After you file for bankruptcy, your credit...

People who file for bankruptcy are often sick and tired of having to deal with creditors. They may be scared to answer the phone and may dread checking the mail. Some may even be wary of texts and social media messaging since debt collectors can contact them there,...

If you have reached the point where you are considering filing for bankruptcy, you are likely feeling a range of emotions from guilt to shame to regret and more. Many people get put off from filing because of the thoughts running around their heads. Yet, if you think...

Bankruptcy is certainly a complex topic and can happen for numerous reasons. When you look at some of the top things that people cite while filing for bankruptcy, you’ll notice issues like credit card debt, medical debt, job loss and income reduction. One of these...

If getting a fresh financial start sounds like a dream for your insurmountable debt, chapter 7 bankruptcy could make it a reality. Qualifying typically means passing the bankruptcy means test. It determines if your income is low enough to file for chapter 7 and is one...

People who are in debt and unable to make their payments may start to look at what bills they can avoid paying. Once their financial situation hits that point, it might be time for them to consider other options. Some may opt to consider bankruptcy.  Consumers will...

Most people assume bankruptcy will ruin their credit score. They are correct to a degree, but there’s far more to it than that. What many do not realize is that bankruptcy can be the fastest way to an improved credit score. When you default on your debts, it harms...

If you need to catch up on paying your bills in Massachusetts, a debt relief program may help. These programs are designed so that you save money in an escrow account. Then, once you have reached the minimum amount, workers with the program try to negotiate a smaller...