Blog Posts in 2018

Bankruptcy: A Christmas Story

People often associate Christmas with chilly weather, warm cocoa, colorful decorations, and a heap-load of presents, presents, presents! But with the average American spending over $1,000 on Christmas gifts each December, overspending might as well be considered a holiday tradition. Unfortunately, how you manage your finances this holiday season could lead to some interesting complications in your ...

Filing for Bankruptcy as a Young Adult

Young adults in the United States are facing a future of great financial insecurity. On one hand, they are inheriting the social and political repercussions of a dangerously high national debt. On a more personal note, they need to balance the country’s rising living costs with college debts and fluctuating unemployment rates. Many desperate young adults are turning to bankruptcy as a “do over” ...

Which Forms Do I Need to Complete to File for Chapter 7 Bankruptcy?

By filing for Chapter 7 , debtors can liquidate their assets to pay off their creditors and eliminate any forgivable debts. However, this doesn’t necessarily mean that the overall legal process is simple or straightforward. There are countless forms that need to be accurately completed before your assets can be assessed and liquidated by the court. If you’re planning to file for bankruptcy, it’s ...

Which Bills Should I Pay First?

In 2016, the U.S. Census Bureau reported that the average median income was $59,039 per household. While popular media doesn’t openly publicize it, 16.2 million American families are currently struggling well below the federal poverty level, and many citizens are finding it difficult to pay their monthly bills. Prioritizing Your Debts & Expenses When your household is running on a limited budget, ...