Taxes have a way of sneaking up on us. And sometimes, we end up in a situation where we owe the IRS a lot of money in taxes. Thankfully, if you’re in over your head in debt, a chapter 7 bankruptcy will clear tax debt if the taxes meet certain requirements. Which Tax Debts Qualify …
Financial hardships may come at some point, and sometimes your only way out is through bankruptcy. Can you file it without your spouse? Yes, you can file for bankruptcy without your spouse. And it makes the most sense when you and your spouse keep your finances separate, or you don’t want to affect your spouses’ …
Can One Spouse File Bankruptcy Alone (And How Does it Affect Your Non-Filing Spouse)? Read More »
When you need to file for bankruptcy, it can be a stressful time. As you struggle to find the right solution and get debt relief, many things can make this process even more complicated. A Chapter 7 bankruptcy filing erases your debts, but there’s a catch. If you have any assets, they will be taken …
What Happens to Your Car in a Chapter 7 Bankruptcy – Can you Keep it? Read More »
Nobody wants to lose their home after years of working hard. Unfortunately, life circumstances could get in the way, and you may find yourself amidst financial hardship. When you receive a foreclosure notice, you’re at risk of losing your home. As you think of a way out, filing bankruptcy may come to mind to avoid …
Can Filing Bankruptcy Stop Foreclosure and Let You Keep Your House? Read More »
So, you’ve filed for bankruptcy before and thought that would be a good fresh start. Unfortunately, things don’t always go your way despite giving your best efforts. Now that you’re facing another financial hardship, you might be wondering, how often can you file for bankruptcy? The short answer is as many times as you need. …
How Many Times Can You File Bankruptcy (And How Long Do You Have To Wait)? Read More »
Medical debt has long been a common problem in the United States. Medical debt statistics in 2019/20 revealed that about 20 million Americans have a total of $45 billion worth of medical debt in collections. It’s no wonder why many people go under because of medical bills and unmanageable health care costs. A lot of …
Medical Bankruptcies: can you file bankruptcy to clear medical debt? Read More »
If you have filed for bankruptcy or you’re still planning to do so, you might be questioning whether it would still be possible for you to buy a house in the future. Can you still get a mortgage after filing for bankruptcy? The good news is that it is still possible for you to buy …
How Long Do You Have To Wait To Buy A House After Bankruptcy? Read More »
Many people are facing less-than-ideal financial situations. If you’re one of them, you probably feel like you’re in an endless cycle of paying back your debt and then borrowing again. It seems impossible to catch up, especially when you’re living from paycheck to paycheck. Or worst still, not having a paycheck. With your credit card …
What does reaffirming your debt mean in a Chapter 7 Bankrupcy? Pros, Cons and More. Read More »
For many of us that are behind on our bills and being hounded by debt collectors, our financial situation could stress us out so much that we’d consider filing for bankruptcy just to make it all go away. “But just how much debt does it take to file bankruptcy,” you ask yourself. When do you …
How much do you need to be in debt before filing bankruptcy? Read More »
There may come a time that you struggle with money, and when you’re in over your head in debt, you need to consider your best options. One way to deal with unmanageable debt is to file bankruptcy. But wait! What about your house? If you’re wondering, “Can I keep my house if I file bankruptcy?” …
Help! If I File Bankruptcy, What Happens To My House? Read More »
