Summer should be the time to relax and take some time off. You can’t function well and go full speed all the time. You may have many issues weighing you down, including work, family, personal, or financial issues. As much as you may fear making a decision, letting them smolder makes them worse. If you’re […]

Bankruptcy Is a More Certain Way to Address Unaffordable Student Loan Payments The Biden Administration has had some victories and setbacks in forgiving college student loans. There have been multiple court challenges, and the US Supreme Court ruled last year that one program had to stop. The upcoming election adds more uncertainty, as a future […]

Bankruptcy is more than filling out forms and submitting copies of documents. Chapter 7 bankruptcy may result in some of your assets being sold, while you can keep others so that you can be discharged from many debts. There are specific actions you should avoid to qualify for protection and take advantage of it with […]

Chapter 7 bankruptcy can help those with overwhelming unsecured debt (there’s no collateral that the creditor could sell to pay the debt) get a fresh financial start. To qualify, you must pass a “means test” based on a state’s median yearly income. Earning more won’t necessarily disqualify you, but there will be additional information to […]

Your income is a significant factor in personal bankruptcy cases. If it’s too high, you won’t be able to use Chapter 7 (liquidation) to discharge your debts and obligations unless your living expenses are high too. The concepts are simple, but how this may work for you may not be. There is no “one size […]