Category Archives: Bankruptcy
Should You File for Bankruptcy before Getting Married?
Unfortunately, a lot of us are struggling right now, with job loss, health crises, and perhaps some financial mismanagement in our youth. Debts pile up, and it becomes impossible to keep your head above water. One question we hear from people is whether they should file for bankruptcy before getting married or wait until… Read More »
Pros and Cons of Filing for Bankruptcy?
Filing for bankruptcy is a big step. But, for many people, it is a necessary one that finally gives them the power to move on with their lives. Crippling debts reduce a person’s options, including the types of jobs they can take and where they can live. By finally ridding yourself of debt, you… Read More »
Can You Get a Car Loan after Bankruptcy?
Although a bankruptcy stays on your credit report for years, odds are high that you can’t wait for it to fall off before buying a new set of wheels. But is it even possible to get a loan after filing for bankruptcy? And what steps do you need to take to improve the odds?… Read More »
Think You Might File for Bankruptcy? Take These Steps Now
We have previously written about how important it is to time your bankruptcy just right. Once a consumer files, they cannot add future debts that they incur to their bankruptcy. With the economy in free fall, many people are racking up debt just trying to keep their heads above water. Believe it or not,… Read More »
Virginia Man Fakes Death to Avoid Losing Assets in Bankruptcy
Some people will do anything to avoid bankruptcy court—including faking their own death. Complex has an interesting article about the lengths one Virginia man took to avoid losing assets during his bankruptcy. The schemes used certainly go above and beyond what most people are willing to do. However, this story serves as a definite… Read More »
Giant Retailer J.C. Penney Files for Bankruptcy
J.C. Penney is the latest retailer to file for Chapter 11 bankruptcy protection. According to USA Today, the retailer expects to close almost 30% of its stores as it tries to emerge leaner and more competitive. In all, about 242 stores should close in the next fiscal year, leaving Penney’s with a little over… Read More »
5 Things to Know Before Filing for Bankruptcy
Filing for bankruptcy is an option many people dread. However, for many consumers it is the most sensible option. Filing for bankruptcy protection grants a consumer immediate protection from any collection actions, such as lawsuits on unpaid debts or eviction actions. Depending on the bankruptcy you file, you might also be able to eliminate… Read More »
How Is Congress Helping Student Loan Borrowers?
It is no secret that student loan debt is a serious drag for many Americans, including those who are middle aged. Collectively, Americans owe almost $2 trillion in student loan debt, and many are paying huge sums each year to cover only interest. The recent COVID-19 pandemic has wiped out income for many of… Read More »
Saving Money in these Challenging Times
This is a difficult time financially for many people in South Florida. People have not only lost jobs but have no idea when they will find another. Even those who have had their hours reduced do not know if they will ever return to full-time employment. With finances tight, saving money is at a… Read More »
Want to Buy a Used Car? Contact Hertz
Hertz rental car company recently filed for bankruptcy protection, and the decision has had an unusual effect: the market for used cars is being flooded with inventory. Now is a great time for those in the market for a used vehicle to check whether they can buy one from Hertz at a cheap price…. Read More »