When Banks Fail to Comply: Don’t Repay Discharged Debt

A petition for bankruptcy.

Bankruptcy is set up to allow debtors a reprieve from bills that they are unable to pay. The financial scrutiny they face is intense— every bill, bank account, asset, possession and debt is examined thoroughly. Then, if the courts decided that an individual should be granted a discharge, they are allowed what essentially amounts to [...]

Tips For Filing Taxes After Bankruptcy

filing taxes after bankruptcy

One of the most important things for people that have recently filed for bankruptcy to keep in mind is that taxes still need to be paid after filing for chapter 7 or 13. It can be confusing determining when and how much to pay in taxes, especially if you have to file taxes for individual [...]

Which Comes First: Bankruptcy or Divorce?

couple going through divorce

With divorce being one of the leading causes of people filing for bankruptcy, it is important to make sure that both situations are filed appropriately and handled with extreme care. Fortunately, some steps can be taken to help you make your divorce and bankruptcy filings less expensive and more beneficial for both parties. Making the [...]

Discharging Student Debt with Bankruptcy

A cap on a pile of money.

Student loans are one of the most difficult forms of debt to discharge through bankruptcy. In most cases, student loans remain even after a bankruptcy has been successfully filed by a debtor. Even though it is difficult to wipe out student debt, it’s important to keep in mind that it is not impossible. Who qualifies? [...]

How to Buy a Home After Bankruptcy

A man with a headache and mortgage rates swirling around his head

Getting back into good financial shape after a bankruptcy is a long and tedious process, so much so that the idea of home ownership can seem like nothing more than a dream. However, after filing for bankruptcy, there are certain steps you can take to get yourself back on track, and on the road to [...]

5 Tips for Rebuilding Your Credit After Bankruptcy

Distressed woman holding an empty wallet.

Filing for bankruptcy can cause even the highest of credit scores to plummet deep into the subprime lending zone. Whether you start in the high 700s or in the low 600s, a bankruptcy will most likely drop your credit rating well below 550. Being in this “subprime” lending zone means that an individual will have [...]

Is Caesars Headed For Bankruptcy?

caesars palace could be filing for bankruptcy

With 52 casinos around the globe and roughly 68,000 employees, Caesars Entertainment is one of the largest gaming companies in the world. Recently, the casino conglomerate has found itself in debt to multiple sources to the tune of nearly $24.2 billion. With many financial experts predicting that Caesars Entertainment is heading straight for bankruptcy, the [...]

Bankruptcies on the Rise Due to Medical Debts

photo by khrawlings

Health care spending in America is expected to reach a startling $4.8 trillion by 2021. That number is up from $2.6 trillion in 2012, and only $75 billion in 1970.  With medical expenses rising so rapidly in the United States, it’s no wonder that the number of Americans unable to afford health care is rising [...]

The Bright Side of Filing for Bankruptcy

"Debt" plastered on the side of a building.

Once you have reached the point where you consider filing for a bankruptcy as your best option, you may find it difficult to see the positive aspects of the situation. You find yourself in an economic hole, and have no idea how you will claw your way out so you may once again see financial [...]

When Should I File For Bankruptcy?

sad man considering bankruptcy

Declaring bankruptcy can be an extremely harrowing experience and should not be taken lightly. While dealing with the consequences of bankruptcy can be rough, it can be even tougher admitting you require the services of a bankruptcy attorney and need help finding your financial footing. Making the decision to file for bankruptcy may seem like [...]