Chapter 13 Bankruptcy – What It Is & How It Works

Who is eligible for chapter 13? Chapter 13 is reserved for individuals and couples, as opposed to corporations and partnerships. You’re most likely eligible assuming you have received credit counseling and possess a regular income sufficient for your living expenses. Additionally, your secured debts must be less than $1,081,400 and your unsecured debts should be…

What You Can Keep in Bankruptcy

Many people have the impression that bankruptcy means giving up everything you own. Quite the opposite is true; bankruptcy is designed to offer you relief from debt without the need to give up basic things that bring stability to your life. That said, a great deal of what you can keep depends on the specifics…

How to Handle Medical Debt

Without or without insurance, medical debt can be a huge burden. Hospital and doctor’s bills can be extremely high and sometimes impossible to pay without a plan. Even if you have an insurance plan, you can quickly get overloaded with co-pays, deductibles, and prescriptions. Unpaid healthcare expenses are easily one of the largest debts that…

Should I File Bankruptcy?

At first glance, filing for bankruptcy may seem like a great way to settle your debts and move on with your life. Unfortunately, the process isn’t as simple as filling out a form and the effects of bankruptcy will stick with you for years. As you begin the evaluation process of whether or not bankruptcy…

Statute of Limitations vs. the Reporting Period on Credit Items

When it comes to understanding your credit score and credit reporting, there are a lot of terms to remember. Because of this, sometimes it’s easy to get confused when it comes to knowing your rights and how to manage your credit repair efforts. Two of the most commonly confused concepts in credit repair and credit…

What Are My Legal Rights After Debt Settlement?

When you’re in the process of settling a debt, it’s crucial to keep complete records and to take careful steps concerning how you pay off your settlement. If you don’t take all the necessary precautions, or fail to make payments, creditors or collection agencies may continue to come after you for the full amount you…

What You Should Know Before Dealing with AFNI Collections

If you have had the displeasure of dealing with AFNI Debt Collections, you may already know some of the aggressive, unfair, and even illegal techniques they employ to try and get your money. It may seem intimidating considering that the agency collects on behalf of large companies like Verizon, Comcast, and State Farm Insurance. Fortunately,…

Debts That Qualify

One of the most common reasons to file for bankruptcy is to discharge your overwhelming debt and start your finances over on a clean slate. But just because you file for bankruptcy doesn’t mean that your responsibility for every single type of debt suddenly disappears. In fact, only certain types of debt qualify for discharge.…

Best Debt Consolidation Loan Companies of 2017

Life can feel overwhelming when you’re saddled with loads of debt from different creditors. Maybe you carry multiple credit card balances on top of having a high-interest personal loan. Or maybe you have a loan with an adjustable rate and your payments are starting to rise each month, making your budget more and more uncomfortable.…

Debt Consolidation Companies

Being in debt may seem like an overwhelming burden, but it doesn’t have to. There are many options available for taking control of your debt and getting it paid off in a timely manner. One popular method is to use a debt consolidation company. Another is to get a personal loan or a home equity…