regaining your financial footing

How Can You Reduce Or Eliminate Your Unsecured Debt?

There are many businesses that advertise heavily with promises of reducing or completely eliminating unsecured debt. This is debt that is not backed by collateral such as a home or a vehicle. Credit cards and personal loans are examples of sources of unsecured debt.  These companies negotiate with your creditors to reduce your principal (the amount you owe) and your interest rate. However, they may also charge exorbitant fees and your credit rating is decimated. Read More 

Faqs About Bankruptcy Exemptions

Exemptions are designed to give you some relief during a bankruptcy. With the help of an exemption, you can keep some of your assets out of your bankruptcy estate and protect them from creditors. If you are planning to file for bankruptcy, here is what you need to know about exemptions.  What Can an Exemption Protect? What an exemption can be used to protect depends on your state's laws. Each state has categories for exemptions and you can only protect assets that fall within those categories. Read More 

Two Questions Regarding Filing For Bankruptcy

Becoming trapped under debts can be one of the most stressful experiences that a person can go through. If you have found yourself in this situation, you may be facing aggressive actions by your creditors. In addition to filing lawsuits, it may be possible to have your wages garnished as well as property confiscated. Fortunately, bankruptcy can offer a person a way out of this type of situation, but it is common for individuals to lack the knowledge or experience needed to make an informed decision about pursuing this legal option. Read More 

Rising Costs Of Living Getting You Down? Why Chapter 7 Might Be Right For You

It seems that prices are going up on everything. The monthly news about the costs of gas, groceries, or other goods is rarely one that benefits consumers. Many people with financial stability can take these kinds of gradual hikes in stride, but if you are already operating in the red due to excessive credit card debt, a few more dollars at the grocery store can have a big impact on your family. Read More 

3 Things to Know About Filing Chapter 7 Bankruptcy

It's not always easy getting your bills paid on time. The challenges and demands of life can result into financial problems. If you find yourself in a financial bind that you simply can't seem to dig your way out of, you may want to consider filing for a Chapter 7 bankruptcy. However, before doing so, there are certain things you should know about filing for this status. The Fees When you don't have a lot of money on hand to pay your bills or your debt, the last thing you want to be faced with is high court fees to file for this legal status. Read More