Bankruptcy Law Blog

Credit cards affords you the flexibility for dealing with financial emergencies. However, doing so unmindfully can end up stacking an overwhelming amount of debt that is hard to pay off. That makes understanding credit card debt more important than ever. Here are a few ways in which you can make wise use of credit cards…

In case you file for bankruptcy while you have an active mortgage loan, there are many different ways in which it can play out. Depending on your lender, you can reaffirm the loan or you might be eligible for a loan modification. Some lenders will continue to accept payments, while others might simply stop taking…

If you have an existing car loan when you file for bankruptcy, there are five options for you. In most cases, you might even be able to hold on to your car. It depends on how far through you are with the payment, and the worth of the car in the years that you have…

If you are one of millions facing serious debt problems, don’t worry. There are ways to get out from under your debts. The first step is admitting your debts are a problem. Next, develop a plan. Consider one of these debt stress relieving strategies for finding relief. Debt Stress Relieving Strategies First, evaluate the level…

Debt. It is a word that scares the best of us. For most people, it is a sign of a problem. A sign that their finances are out of control and they need help. Some people even carry debts that are more serious than others. For those people, dangerous debts increase stress. Since money problems…

Medical debt problems were once blamed on a lack of insurance coverage. Now that uninsured rates are down people are still experiencing high levels of medical debt. A closer looks reveals several factors. One is that high deductibles increase medical debt. High Deductibles Increase Medical Debt Many people assume that just because they have health…

The costs of healthcare go beyond high monthly premiums and co-pays. For many families unpaid medical bill debt problems are growing. Each year the number grows, leading more people into financial ruin. Similarly, many more cannot work and only experience more problems from no income. Unpaid Medical Bill Debt Problems A recent survey reports that…

If you are lucky enough to get a tax refund this year, be thankful. Not everyone gets money back. A lot of people owe the IRS. How do you plan to use your tax refund this year? A vacation? A new purchase for the home? Don’t waste the money on something frivolous. Here are some…

It is tax season once again. With it comes the dreaded April 15th deadline for filing taxes. If you are anticipating getting a tax refund are you really getting all you can? Follow these maximum refund tax tips to get the most of out of it. Maximum Refund Tax Tips First, consider skipping the standard…

As tax time approaches many families are feeling a sense of dread. Not everyone gets a refund during tax season and owe the IRS instead. Since tax debts are a specific type of debt, traditional debt relief strategies may not be effective. It is important to understand certain tax debt facts for finding relief. Tax…