Blog

Sept. 11, 2025

When financial hardship strikes, individuals often find themselves overwhelmed by mounting debts and limited options for relief. Bankruptcy can provide a fresh start, but choosing between different types requires careful consideration. The Chapter 7 vs Chapter 13 bankruptcy decision significantly impacts your financial future and recovery timeline.

Aug. 16, 2025

When financial pressure builds and bills pile up faster than income comes in, filing for bankruptcy can become a necessary option. For many people, one of the first questions is whether bankruptcy will mean losing the things that matter most—like a house or a car.

Aug. 16, 2025

Filing for bankruptcy can feel like a major financial crossroads. Under bankruptcy law, one of the first concerns many people have is how the process might affect their ability to get credit in the future.

May 9, 2022

If you miss a payment or two on a loan or credit card, you can expect to start receiving phone calls, emails, and text messages to remind you that your account is past due. Though creditors and bill collectors have a right to pursue payment of overdue debts, they do face limits and restrictions.

April 14, 2022

With economic disruptions caused by the pandemic, many people may have suffered job losses or run up their credit cards to deal with the economic challenges, and now they’re facing an unmanageable debt load. Or an unexpected illness such as Covid-19 might have run up medical expenses sky high.

March 18, 2022

Student loan debt in the United States totals $1.749 trillion, with some 43.4 million borrowers having federally insured student loan obligations, averaging about $37,113 each. If you factor in private student loan debt, the average balance comes in at about $40,904, according to the website Education Data.

Feb. 10, 2022

Individuals, families, and businesses can all face rough financial times. Small businesses generally have access to the same chapters of the federal bankruptcy code as individuals and families, though one of them – Chapter 11 – is mostly used for businesses.

Jan. 24, 2022

Your debts are out of control, and creditors are nagging you for payment; in addition, you make a minimum payment monthly on some debts and others who try to hold off in hopes that something will change, you’re in a bind financially, but the thought of bankruptcy scares you. Words such as “failure” and “the loss of everything” sweep through your mind.

Dec. 11, 2021

Is there life after bankruptcy? That’s a scary thought that many people face when their debts have gotten out of hand and their best recourse is to wipe them out through filing bankruptcy. Though the elimination of overwhelming debt is welcomed, the prospect of starting all over can be frightening.

Nov. 8, 2021