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Many consumers who file for bankruptcy do so for a fresh start. They want nothing more than to wipe clear their debt, start at square one and hopefully make the most of their second chance. To get that, Chapter 7 bankruptcy is often their first choice. However,...
If you qualify for Chapter 7 bankruptcy, it probably means that your income is currently below the state median. You may also have only limited assets that you have to worry about protecting from the liquidation process. For many people in Massachusetts considering...
Many people assume that those who file bankruptcy are financially irresponsible or simply live beyond their means. While this is sometimes the case, more often than not, people must file for bankruptcy due to something completely unforeseen or outside of their...
Times are tough for a lot of people. Working two jobs, living paycheck-to-paycheck, and always skimping on necessities may seem like a normal situation for many people, but it may mean you are headed on a collision course toward bankruptcy. Do you know the signs that...
If your financial situation is stressful and filing for bankruptcy seems inevitable, you may be wondering what happens to some of your plans for the future. For example, what happens to your retirement savings account through your work? Will your relaxing retirement...
If you are considering filing for Chapter 7 bankruptcy then you may have heard of the Means Test. The test basically determines whether your income is low enough for you to file for Chapter 7 bankruptcy. Since Chapter 7 bankruptcy is known for debt forgiveness and...
A cancer diagnosis means a lot of uncertainties. It may mean surviving surgeries, chemotherapy, and radiation. It may mean multiple hospital stays and expensive medication. Unfortunately, cancer can not only take a toll on the body but on a bank account as well....
Are you facing a potential double whammy – divorce and bankruptcy? Many people cite divorce as a leading reason for bankruptcy filings, and others indicate that bankruptcy or financial issues are a leading reason for the divorce. So, as you can see, there are many...
In the 12-year span from October 1, 2005, to September 30, 2017, about 12.8 million consumer bankruptcy petitions were filed in the federal courts, (U.S. Courts). That breaks down to almost a million consumers a year. If you were one of the millions who did find the...
Debt can sneak up on some people, slowly, month-after-month. Some individuals may not realize just how bad it is, until it is too late to take action and “turn the ship around,” so to speak. Here are several warning signs that you may be headed toward a financial...
