Many people have debt, such as credit card debt, loans and medical bills. There are numerous reasons for people to struggle to pay off their debts. Unemployment can make it harder to pay off these financial obligations. Many people also don’t have savings to help them...
Month: February 2024
Is a personal bankruptcy part of the public record?
There are many reasons why people might need to file for bankruptcy. Maybe someone with a very tight budget suddenly lost their job and ends up overwhelmed by unmet financial obligations. Perhaps they fell behind on one account, and a creditor served them with...
Overlooked benefits of the automatic stay in bankruptcy
When you file for bankruptcy, one of the many benefits you will receive is an automatic stay. This means that until your case is closed, most of your creditors cannot contact you and they must halt their collections efforts. It’s a court-ordered tool, and you may be...
Should you consider negotiating a repayment plan?
Being in debt can feel overwhelming, and the way out is not always clear. If you’re unable to pay off your debts, what are your options? One option you may have is to arrange repayment plans with creditors. This means that rather than paying lump sums to settle the...