Bankruptcy

Facing financial difficulties can be overwhelming and stressful. It is not always clear when to seek help or make significant decisions about financial recovery, such as filing for personal bankruptcy. This action is a tool that helps individuals unable to meet their...

Chapter 7 and Chapter 13 bankruptcies are two common types of bankruptcy filings that people may consider when facing financial difficulties. Both chapters offer debt relief options. However, they differ in several key ways. Understanding the distinctions between...

If you face financial difficulties and have accumulated judgments against you, you might wonder if filing for Chapter 7 bankruptcy is still an option for you. You should understand what Chapter 7 bankruptcy entails and how judgments can affect your eligibility....

Facing mounting medical debt can feel overwhelming, prompting many individuals to consider filing for bankruptcy. While bankruptcy is a legal process that seeks to provide relief from financial burdens, it is important to understand how it interacts with medical debt....

Filing for Chapter 7 bankruptcy can grant you a much-needed reprieve when you have no other option left for repaying your debts. Chapter 7 bankruptcy entails liquidating all of your non-exempt assets, though, so you might wonder whether or not you will get to keep...

Chapter 7 bankruptcy is a legal process that allows individuals to discharge specific debts and begin anew financially. However, the court-appointed trustee supervising the bankruptcy proceedings in Missouri will determine whether or not to approve the discharge of...

In the past, you may have heard that bankruptcy proceedings do not allow for discharging federal student loans and even private loans. However, laws have changed, and you can now discharge these debts. This is what you should know about student loan discharge during...

Filing for bankruptcy can grant you some much-needed reprieve when debts and payment obligations become too overwhelming for you to handle. There are different types of bankruptcy, but each serves to provide time during which you can get back on your feet without...

Chapter 7 bankruptcy is a last resort that gives individuals and families a second chance at catching up on overwhelming bills and debts. Sometimes known as "liquidation bankruptcy," Chapter 7 discharges your unsecured debts and puts a stay on required payments while...

From unexpected medical bills to divorce or losing a job, you may get to the point where bankruptcy provides the best solution. According to the United States Courts, 399,269 people filed for bankruptcy in 2021. As you go through the process, you find yourself wanting...