Category: Bankruptcy

Debt can reach a point where regular payments no longer feel realistic. When that happens, credit counseling and bankruptcy are two options to compare. They both deal with debt, but they work in very different ways.  Credit counseling usually focu…

An automatic stay is a legal order that can temporarily stop the insanity of collections. Learn what an automatic stay in bankruptcy is, how long it lasts, when it can be lifted, and what happens after it expires.  What Is an Automatic Stay in Ban…

Does bankruptcy cover back taxes? The answer is sometimes yes, but only if specific timing rules are met.  Whether Chapter 7 or Chapter 13 covers back taxes depends on how old those taxes are and whether you actually filed returns. Here’s how both…

The fear of losing your home is one of the biggest reasons people hesitate to file for bankruptcy, even when debt has become genuinely unmanageable. It’s a completely understandable concern, and it deserves a straight answer: will you lose your h…

For many people, bankruptcy can feel like a financial reset button, especially when homeownership is part of the plan. But while buying a house after bankruptcy may take some time, it’s far from impossible. Most borrowers will need to wait before quali…

If you’ve filed Chapter 7 bankruptcy before, the U.S. Bankruptcy Code generally requires you to wait eight years before you can file again and receive another discharge. Without being eligible for a discharge, filing Chapter 7 again usually won’t elimi…

If you’ve filed Chapter 7 bankruptcy before, the U.S. Bankruptcy Code generally requires you to wait eight years before you can file again and receive another discharge. Without being eligible for a discharge, filing Chapter 7 again usually won’t elimi…

Car loans after bankruptcy are possible, but timing and loan terms depend on the type of bankruptcy and your financial situation. Many people assume they must wait years before purchasing a vehicle. In reality, you may qualify for a car loan after bank…

As you look at all the options for debt relief, you may come across bankruptcy.   Bankruptcy is one of the few ways to guarantee debt forgiveness. However, it is also a serious legal process that can come with some big downsides.   …

For anyone dealing with debt and looking for a way out, knowing where to turn to for help isn’t always easy. But learning the difference between debt consolidation and Chapter 13 bankruptcy can help you understand your options more clearly.  …