The Big B And D: When Bankruptcy And Divorce Face Off

As if one major life change was not enough, it is not uncommon for divorce and bankruptcy to fall within the same short time frame. When two people in one household suddenly split into two separate entities, the financial strain can sometimes be too much for one or the other person to handle. Further, divorce sometimes means alimony, child support, and other new expenses that take up a great portion of income that was readily available before the division. [Read More]

Try These Three Tactics Before You File For Bankruptcy

If you have been in debt for a long time, you might be tempted to just throw up your hands and head to bankruptcy court to get a fresh start. But that clean start can end up hurting you in some ways too. You likely won't be able to get another loan for a number of years, and a bankruptcy showing up on your credit report could hurt you during a job search. [Read More]

Going It Alone During Bankruptcy: Four Common Problems When Skipping Representation

Although you don't need an attorney to file for bankruptcy, it's easier to navigate the maze of paperwork and court proceedings with a skilled ally. More than 11 percent of bankruptcies filed in the U.S. are done without the aid of a lawyer, but they can put a strain on the court system due to avoidable filing errors. Before deciding to go for it on your own, consider these common problems of filing on your own first. [Read More]

How To Effectively Deal With Debt

Debt is something that most people in the United States are accustomed to. In fact, the average person has around $7,800 worth of debt with about a third of that being revolving debt which never gets paid off. Debt can be tough on anyone who fears there may be no way out of it. It can wreak havoc on your mentally and physically. When it comes to getting out of debt, there are some tips that can help. [Read More]