25 Jul 2019
Filing for bankruptcy can leave you feeling isolated, but it’s important to know that bankruptcy isn’t rare by any means. Every year in the US, hundreds of thousands (sometimes millions) of people file for bankruptcy. Here’s a quick look at who files and when. Over The Years Since the Bankruptcy Act of 1898, modern bankruptcy [..]
11 Jul 2019
Getting a bonus check from your employer for all of your hard work? That’s great! But what happens to your bonus if you file for bankruptcy? It depends on a few things: When you get the bonus If you normally get this bonus every year The type of bankruptcy you file for Where you file [..]
11 Jun 2019
Foreclosure is a term that’s plagued with financial and social stigma and it brings to mind struggle, irresponsibility and loss. But though it has this stigma, many don’t realize that foreclosure could really happen to anyone. Anything from an unexpected loss in the family to prolonged unemployment, or even a sudden illness could lead to a [..]
21 May 2019
Not all college graduates are as fortunate as this year’s Morehouse College seniors, surprised with the news delivered during billionaire investor Robert F. Smith’s commencement speech that he will be paying off their student loan debt. Smith’s generous gift is estimated at $40 million. That is one (lucky) graduating class of 396 students. Just How [..]
9 Apr 2019
For the most part, anyone can file for bankruptcy. And when given a choice, many debtors prefer filing Chapter 7 bankruptcy because it discharges most debt, giving them a new and fresh start. However, in order to qualify, a debtor must first meet an income limitation by way of a means test. What is the [..]