If you have been suffering from ill health recently, the associated costs may have been unexpected and not fully covered by your insurance. Sadly, many people suffer from financial difficulties due to medical bills in the United States. This can lead to patients feeling extremely stressed, which can additionally lead to difficulty making a full recovery, and even chronic illness.
Has job loss left you facing financial problems?
What may have started out as a normal day for you may have turned devastating when your boss informed you that he or she was letting you go from your job. You may have felt shocked and unprepared for such an announcement and wondered what you did wrong. In the end, it may have been nothing to do with your job performance but simply issues with the company itself that led to your layoff.
What is the Chapter 7 means test?
Chapter 7 bankruptcy is one of the most popular bankruptcy chapters among consumers. This is because the process is over very quickly in comparison to other options. In addition, Chapter 7 bankruptcy filers tend to benefit from large debt discharges.
Are there benefits to going through foreclosure?
Struggling financially and living beyond your means can feel very stressful, and you may spend a significant amount of time thinking about how you can get yourself out of the situation you are in. If you have been missing your mortgage repayments, you may also have received threats of foreclosure from your bank.
Changing your lifestyle to fight credit card debts
Certain chapters of our life can be busy and stressful, and instead of being mindful of the way in which we spend our money, we can easily become complacent. The availability of credit cards makes it easier than ever for consumers to spend money that simply isn't theirs. This can spiral out of control if it is not properly managed.
Hiding from repossession can double your trouble
Your vehicle is an important part of your life. More than a convenience, your car gets you to and from work, allows you to keep your appointments, and provides a way to transport your family to the places they need to be. Without your vehicle, you may have no choice but to find other options, some of which are expensive and others, embarrassing.
Why Chapter 13 bankruptcy could be the right choice for you
If you are struggling with debts that you see no way out of, you may be considering the possible benefits of bankruptcy. The bankruptcy process subjects the debtor to the rules of the bankruptcy court, which allows for special actions that can benefit them, such as relief from creditor actions and debt discharges.
