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Medical debt is one of the most common causative factors for modern bankruptcy. Needing cancer treatment, rehabilitative services after a stroke or trauma care after a car crash could completely overwhelm your budget. People all too often presume that those dealing...
People raised to be hardworking individuals may view bankruptcy as a blemish on their character. The idea that they have to get rid of debt instead of repaying it may seem irresponsible or somehow wrong. Some people hold off on filing bankruptcy far longer than they...
We live in a capitalist society that is centered around money, income, debt and consumerism. It’s easy to get so caught up in all of this that you forget about the big picture. This is why many people who are facing bankruptcy act as if it’s one of the worst things...
You were checking your mail when you saw an unusual letter from a credit collector. You didn’t realize it, but one of your credit cards had gone to collections. The full balance is saying that it is due, and that’s something you can’t afford. You’re not even sure why...
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...
