By definition, bankruptcy is a way for people who have more debt than they can afford by giving them a fresh start. There are two types of bankruptcy, for individuals called chapter seven and chapter 13, which result in either liquidating assets to pay debts or creating a repayment plan.  While bankruptcy is an…Read more

If you’re thinking of filing bankruptcy, then you’re far from the only one. About 1.5 million Americans file bankruptcy every year! Although filing for bankruptcy may seem scary at first, it can actually be a lifesaver. By choosing to work with an attorney on the bankruptcy filing process, you can save yourself a ton of stress. So are…Read more

If you’re dealing with overwhelming debt, you may feel all alone. Isolated. Desperate for solutions. You’re not the only person struggling. Did you know that one out of eight Americans is in debt? And this number is only rising as more people are finding it hard to recover after the seemingly never-ending pandemic. During these…Read more

If you’re worried about how bankruptcy will affect your credit score, read on. In ancient Greece, defaulting on debt could mean risking your autonomy. “Debt bondage” was a form of enslavement whereby you could only resume your freedom once you paid off your debt. This debt could even be inherited from family members and passed down…Read more

Filing bankruptcy often gives you a clean financial slate, but your credit scores take a serious hit. The most important factor that determines your credit score is your payment history. When you file bankruptcy, it means that you will not pay your creditors as agreed. For that reason, filing bankruptcy significantly lowers your credit score. Furthermore,…Read more