Month: October 2022
2 reasons Chapter 7 bankruptcy is better than a balance transfer
Filing for Chapter 7 bankruptcy is a powerful and immediate solution to debt problems. The same day that you file, you have the protection of an automatic stay. Creditors will no longer be able to call you, and you won’t have to worry about a pending lawsuit brought by a creditor moving forward. If you
Is credit card debt secured or unsecured?
When taking out some form of loan or line of credit, it will generally either be considered unsecured or secured debt. The difference between the two comes down to a simple thing: security. When signing up to a secured lending agreement you’re usually required to have collateral backing it. It can be difficult to understand what types
Chapter 7 vs. Chapter 13: Which should you choose?
There are various forms of bankruptcy available. If you are filing over your personal finances, you have two options: Chapter 7 or Chapter 13. Understanding the differences can help you make the correct choice. Questions to ask The first question to ask is how much you earn? Chapter 7 is only available if you pass
The emotional roller coaster of bankruptcy
The dread of getting the mail, answering the phone or checking your inbox is often overwhelming when you have creditors coming after you. For many people who are in this situation, filing for bankruptcy is one of the options that could help them to find relief from that dread. When you file for bankruptcy, an