If you realize Chapter 7 bankruptcy is the best way to improve your finances, it won't be long before you're learning more about the process and focusing on the next steps.
Chapter 13 bankruptcy, unlike Chapter 7, is not a liquidation bankruptcy. With this form of bankruptcy, you repay what you owe over a three-to-five-year timeframe.
Are you considering filing for bankruptcy but are concerned about how your assets could be affected? If you have set up a trust as part of an estate plan, you may have worries of what may happen to that property due to your bankruptcy.
Credit card debt has reached a high point in America, according to an annual study by Experian, and many people are having to face the hard task of paying off their balances. If you have already reached your goal of paying off credit card debt, your instinct might be to get rid of the cards and avoid temptation. But, rebuilding your credit may actually be easier if you keep the same credit card.