You hate to answer the telephone because you know it’s a creditor. Your mailbox is filled with threating collection letters and final notices. The stress you and your family feel over unmanageable debt is overwhelming and you wake up every day wondering if life will every get back to normal.
When filing for bankruptcy, the goal is to release the debtor from personal liability for certain specified types of debts. This means that legally you will no longer be required to pay for certain debts and you will receive a bankruptcy discharge. The discharge comes at the conclusion of your
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