One option you might be hesitant to consider if you are drowning in debt is bankruptcy. You might love the idea of filing for Chapter 7 bankruptcy and ending up debt-free. However, depending on your financial circumstances, Chapter 13 might be a better option.
If you are thinking about filing for bankruptcy in the Philadelphia area, you probably have exhausted all other options to pay off your credit card debts. Bankruptcy can help you give you a fresh financial start. However, you should be mindful of what you do before and during the bankruptcy process to avoid complications with your case.
If you find yourself stressing out about how to keep your house and car, there is a good chance you have thought about filing for bankruptcy. There is so much misinformation out there about this type of financial protection. Many people in Philadelphia do not realize how much it can help their situations. If the only thing holding you back from considering bankruptcy is misinformation, it is time for you to learn the facts.
One tactic that some people in Philadelphia use to deal with their debts is to ignore them. You might find it hard to pay bills that you can no longer afford due to unexpected medical expenses or job loss. Your financial struggle may have you revaluating essential and nonessential expenses and exhausting various options to keep your home and cars.
If you count yourself among the many Americans who are struggling in the face of overwhelming credit card debt, you may find yourself on the receiving end of what you might consider harassing phone calls and collection methods. If you are behind on your credit card payments, you can expect that these calls and efforts to reach you will continue, but there are certain rules your creditors must abide by when trying to collect on your debt.
Finances and divorce are tricky enough to navigate on their own. Dealing with bankruptcy during divorce can become even more challenging.
Divorce may occur on virtually any terms and for a number of reasons. For quite a long time, finances have been a leading cause of divorce.
Owning a home is a goal many people strive towards. If you have finally achieved this and are enjoying the rewards of your hard work, it can be devastating to realize you are no longer able to make payments. You are not alone, though; according to NeighborWorks America, over 80,000 families have homes that will enter foreclosure in a single month.
If you have ever received an offer to open a no-interest credit card account, you may have asked yourself if there was a catch. Typically, these cards enable you to make purchases without having to pay interest on them for a predetermined amount of time (typically one year, 18 months or what have you), after which a regular interest rate kicks backs in.
Getting laid off can be devastating. When you suddenly have no income, what do you do? If you are facing this scary reality, you are likely feeling anxious and confused. Unemployment can take a toll on your finances and emotions.