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Bankruptcy

The Latest

  • September 26, 2013

    It doesn't matter how many times you transfer credit, or what introductory APR you can find. If you are spending more money on a regular basis than you are earning, your debt will continue to worsen until...

  • July 1, 2013

    On the journey to financial freedom, there are the big crises you see coming (replacing an old vehicle, taxes) and the ones you don’t (car accident, major illness,...

  • March 21, 2013

    A fundamental goal of the federal bankruptcy laws enacted by Congress is to give debtors a financial "fresh start" from burdensome debts.

    According to Supreme Court 1934 decision:
    ‘It gives to the honest but...

  • January 21, 2013

    Unfortunately, a lot of people have had their home foreclosed. However, some take the right steps in dealing with a home that is in foreclosure, while others don't. Suze Orman shares her advice on what NOT to do if your home is in foreclosure...

  • October 31, 2012

    Many of us carry the battle scars of a troubled financial past. I know I do. When I was 21 and in college, I was living in my own apartment and using student loans to pay my rent. Thus, I was...

  • October 31, 2012

    Let’s get this out of the way first — the decision to declare bankruptcy is primarily a financial one. While creditors and some pundits love to paint bankruptcy filers as irresponsible deadbeats,...

  • September 11, 2012

    You may be sitting at your desk right now, appearing normal to all your coworkers. But at home, your life is like a country song -- breakups, babies, debts, disease, your truck broke down and your dog is sick. Assuming your job isn't at the Grand...

  • September 10, 2012

    Bankruptcy does not relieve you of all of your debts. It can be complicated, and the law varies from state to state, which is why you need a good bankruptcy lawyer to help you decide if you should file and then represent you throughout the...

  • September 7, 2012

    When you file for bankruptcy, you usually can keep everything you own — your home, your car, your furniture, your clothes and your jewelry. The whole point of the bankruptcy laws is to remove your debts and give you a fresh start. Bankruptcy laws...

  • September 7, 2012

    If you can afford each month to pay 2 percent of your outstanding debt, you can probably avoid bankruptcy. But if you feel trapped by your finances, consider bankruptcy.

    As strange as it may sound, bankruptcy is one of the...