What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are no longer legally required to pay them. What should to consider when…
When life throws unexpected expenses at us, such as a home renovation, a wedding, or even a funeral, many people opt to use credit over cash. Credit is especially useful when an expense sneaks up on us and we don’t have enough in our emergency funding to cover the cost of the expense. A personal…
Falling behind on car payments can feel overwhelming, and the thought of losing your vehicle only adds to the financial strain. A car isn’t just a mode of transportation, it’s what gets you to work, helps you run errands, and keeps life moving. If you’re in a difficult financial situation, it’s understandable to feel uncertain about…
Americans are estimated to collectively owe as much as $140 billion in outstanding medical debt. 1 in every 3 U.S. adults have at least one unpaid healthcare bill. Statistics show that households with children are more likely than those without children to have unpaid medical bills. Medical bills are the nation’s largest source of collections…
President Biden proposed a plan to erase millions of dollars in student loan debt. Millions of student loan borrowers are currently waiting for the approval of student loan forgiveness. President Joe Biden announced that he intended to forgive up to $20,000 in student loan debt per borrower under an income threshold. Unfortunately, court battles have…
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