Bankruptcy

Budgeting During the Bankruptcy Process: How to Manage Your Finances

If you're facing bankruptcy, your financial life has likely been turned upside down. Between the mounting debts, constant communication from creditors, and the uncertainty of the legal proceedings, it can feel impossible to regain a sense of control over your...
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Life After Bankruptcy: How You Will Regain Financial Stability and Freedom

Completing the bankruptcy process can feel like a weight has been lifted off your shoulders. After months or even years of financial struggle and stress, you're finally on the path to a clean slate. But as the dust settles, you...
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The Psychology of Bankruptcy: Managing the Mental Health Impact

Filing for bankruptcy is never an easy decision. The process can be stressful, overwhelming, and emotionally draining. On top of the practical and financial concerns, many people also struggle with the psychological impact of bankruptcy. Feelings of shame, anxiety, and...
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Bankruptcy Exemptions for Specific Assets/Property Types

If you're facing bankruptcy, you're likely worried about losing everything you own. However, the good news is that federal and state bankruptcy laws provide exemptions that allow you to protect certain types of assets and property from being liquidated during...
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The Automatic Stay in Bankruptcy: What It Does and Doesn’t Cover

When you find yourself drowning in overwhelming debt, filing for bankruptcy can provide much-needed relief and a path towards financial stability. One of the most crucial benefits of filing for bankruptcy is the automatic stay, a powerful legal mechanism that...
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Ethical Concerns in Bankruptcy: Fraud, Abuse, and Consequences

The bankruptcy process is designed to provide individuals and businesses with a legal pathway to address overwhelming debt and achieve financial rehabilitation. However, there are some who may attempt to exploit or abuse the system, raising serious ethical concerns. Issues...
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The Bankruptcy Means Test: How It Works and When It Applies

When facing overwhelming debt, many individuals consider filing for bankruptcy as a way to find relief and a fresh start. However, the decision to pursue bankruptcy is not a simple one, as the process involves various requirements and eligibility criteria....
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What Are the Typical Benefits of Filing for Bankruptcy?

Many Americans have a stigma attached to filing for bankruptcy and see it as a last resort. Filing for bankruptcy can be a stressful and overwhelming experience, especially without an experienced attorney. And, most people would avoid it if at...
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Medical-Related Bankruptcy: When Health Issues Lead to Financial Distress

In the United States, the high cost of healthcare has become a significant burden for many individuals and families. Medical bills, often exacerbated by unexpected illnesses, injuries, or chronic conditions, have emerged as a leading cause of personal bankruptcy filings....
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Could Filing for Bankruptcy Affect Your Retirement?

When a debtor has no alternative but to file for bankruptcy, they may get short-term relief from debt obligations, but the long-term effects are very real. Seeking out bankruptcy protection will remain on your credit record for as long as...
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