Debt, bankruptcy and gender: Is there a link?
Have you been wondering if men and women look at debt differently? Is one gender more likely than the other to fall into bankruptcy? Some studies suggest that could definitely be the case. For example, men do tend to have more debt than women. The difference isn’t huge, but average debt held by men is […]
It’s illegal to be dishonest during bankruptcy
You know that you’re not supposed to be dishonest when declaring bankruptcy, but it’s tempting. You don’t want to lose certain assets. Wouldn’t it be easy not to report that you own them in the first place? What you should know is that you’re not just breaking the rules by willfully concealing assets. You’re breaking […]
Addiction, fear, appearances and debt
No one wants to be in debt or sets out to declare bankruptcy. But it still happens. One reason is addiction. This can mean an addiction to something like drinking or gambling, but it often just means people like to buy things. They enjoy shopping. They like the excitement of new items. Even when they […]
The bankruptcy stigma and social pressure
Many people have strong opinions about bankruptcy and it does, however unfairly, come with a negative stigma. In the real world, this stigma probably does not actually impact you in any way. If you didn’t care what your neighbor, co-worker, or father-in-law thought, you could just move forward with the best financial option for you. […]
6 reasons that bankruptcy strikes
You’ve never had financial problems. In the 10 years since you graduated from college, you’ve been smart with money. You’ve gotten pay raises at work without massively raising your standard of living. You think you’re immune to bankruptcy. The reality is that bankruptcy often comes on unexpectedly, and it’s sometimes for reasons that are out […]
Can an employer ask you about bankruptcy?
You’re unemployed, and you’re thinking about declaring bankruptcy. Without a job, it’s simply become impossible to pay off what you owe. You’re not sure what else to do to get out of debt. At the same time, you’ve not given up on ever being employed again. You fully plan to keep looking for a new […]
What is a boomerang buyer?
You know you need to declare bankruptcy, but you don’t want to let it wreck all of your financial plans for the future. You were hoping to buy a home and really settle in. The good news is that you still can. Don’t assume that bankruptcy means a home will always be impossible for you […]
Can you pick the type of bankruptcy you use?
You know there are various types of bankruptcy that can be utilized when debt gets to be too much, labeled as “Chapters”, such as Chapter 7, Chapter 13, and Chapter 11. Can you simply pick which one you want to use? Maybe. The first thing to note is that most personal bankruptcy filings are going […]
6 common bankruptcy and student loan myths you shouldn’t believe
Making the decision to file for bankruptcy isn’t an easy one. You must think about what options you have for handling your debts. Before you decide if bankruptcy is the right thing for you to do, especially if one factor in your case is student loans, make sure you aren’t falling for these myths. #1: […]
Why might bankruptcy be denied?
When you apply for bankruptcy, it’s important to understand that it can be rejected. This shouldn’t worry you or make you reconsider. It’s just crucial to know that it’s possible so that you take the time to do everything in your power to make sure yours is accepted. So, what are some reasons that bankruptcy […]
