Bankruptcy Law

Nearly half of U.S. adults say money negatively affects their mental health, and 59% report that keeping up with everyday expenses is a major source of financial stress. That pressure does more than shrink your budget. It can affect how you think, sleep and connect...

The potential for negative concerns associated with bankruptcy may deter people from filing. Even people facing aggressive collection activities may try to work out other solutions because they worry about the consequences of personal bankruptcy. Some people worry...

People pursue bankruptcy because their debt has become an insurmountable challenge or key resources are vulnerable. A personal bankruptcy filing can take anywhere from a few months to five years or longer to complete. Bankruptcy typically provides immediate relief...

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...

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...

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...

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...