Life can be very stressful when you have more bills than you have money. The cost of living is skyrocketing and you need an extra paycheck just to make ends meet. You find yourself cutting back on the basic necessities such as food, clothing, and gas and your lifestyle has
Although the practice of incarceration for debtors existed for centuries in Europe, the earliest record of a debtor’s prison in America dates back to Salem, Massachusetts in 1678. It was determined that almost two out of three Europeans that came to America in the seventeenth and eighteenth centuries arrived as
Finances are the leading cause of stress and it is estimated that 95% of people worry about debt. It has been said that when it comes to money there are two types of people in this world: those who worry about it and those who don’t. Stress is a life
Like most life-altering decisions we have to make, filing for bankruptcy has a reputation filled with inaccuracies that make it a frightening choice. Knowing the truth can eliminate any fear you may have if you are considering bankruptcy protection and the following are some of the most common misconceptions and
The House recently approved a bill allowing bankruptcy judges to lower mortgage payments for struggling homeowners. This is certainly good news for the 5.4 million homeowners who were in default by the end of last year. But how can it really benefit struggling borrowers? What change does it really make
The history of bankruptcy goes back thousands of years. During the Old Testament, writings attest to the fact that many people struggled with money. Individuals became indentured servants to pay off their debt and money often went to the creditor before the family could meet their basic necessities. The social