When debt becomes a serious obstacle to everyday life, it can feel overwhelming, shameful, and hopeless. And when fears about the future take over, people can become extremely susceptible to the temptations of easy solutions to their problems. Like the quick fixes that TV commercials or online … [Read more...] about Why quick fixes to debt can add up to worse problems
Bankruptcy
For some individuals, filing for Chapter 7 bankruptcy can appear be the only way to end overwhelming financial responsibilities. However, even within the legal protections that bankruptcy can bestow, there are many types of debts. Some of these are referred to as “non-dischargeable”, that is, … [Read more...] about Non-dischargeable debts in Chapter 7 bankruptcy
In a Chapter 7 (personal) bankruptcy, a person’s debts are examined in Bankruptcy Court to see which are eligible to be discharged or eliminated. In addition, person filing for bankruptcy will be asked to disclose all of their assets to determine what, and how much, the debtor may keep and what … [Read more...] about Property exemptions in chapter 7 bankruptcy
