Many people consider the festive season the most wonderful time of the year. Unfortunately, the festive season can also be a time of significant financial strain for many individuals and families. The pressure to create a magical holiday experience quickly leads to...
Cherry Hill Bankruptcy Blog
Can individuals file for bankruptcy more than once?
Personal bankruptcy can serve as a transformative solution for people facing major financial challenges. Instead of constantly trying to reduce debt one payment at a time, they can eliminate certain debts. Those who successfully complete the bankruptcy process can...
Medical debt can impact credit scores. Can the U.S. change that?
In the U.S., largely because the health care system is privatized, medical debt encompasses a significant amount of consumer debt. This debt can strain people’s financial resources and prevent them from paying everyday bills. Medical debt often inspires another...
3 ways that Chapter 13 filings differ from Chapter 7 bankruptcy
There are numerous types of bankruptcy available for both individuals and businesses. People select the type of bankruptcy that they file based on their circumstances. Chapter 7 bankruptcy is one of the options for individuals in need of financial relief. Chapter 13...
What are bankruptcy exemptions in Pennsylvania?
Filing for bankruptcy is a way to manage overwhelming debts and reclaim your financial future. One form of bankruptcy is a Chapter 7 filing, which is available to low-income filers. It is informally known as liquidation bankruptcy. This is because the bankruptcy...
The solution for credit card debt that can make matters worse
Credit card debt is a financial issue for many households. People use credit cards for unexpected expenses and may spend months paying off a large balance. Other credit card users leave a small balance each month that slowly accrues to a massive amount of personal...
3 reasons a car crash may lead to a bankruptcy filing
Bankruptcy can serve as a solution to overwhelming financial challenges. People may file for personal bankruptcy after a divorce or a major illness. Job loss is another reason why people sometimes need to file for bankruptcy despite having previously been quite...
Why job loss could quickly lead to a bankruptcy filing
People often commit a large amount of their time to their careers. Professionals may devote far more than the standard 40 hours a week toward their jobs, especially if they work in a highly-skilled or highly-educated role. The better someone's job is and the more...
3 reasons medical issues can push someone into personal bankruptcy
Many working professionals receive health insurance coverage as part of their compensation package from their employers. Others, like those operating their own small businesses, may purchase health insurance coverage through the marketplace. Unfortunately, simply...
How long can bankruptcy affect employment and credit options?
Numerous concerns about bankruptcy prevent many people from filing in a timely matter when they need financial relief. For example, some people worry that they cannot balance their budgets without revolving lines of credit. The temporary setback related to the closure...