Many people assume that credit card debts are the primary financial hardships that drives consumers into bankruptcy. However, recent evidence suggests that health care expenses is a more significant source of debt. Because many Americans lack health insurance, injury or illness result in massive medical debt. This medical debt can be devastating. According to one study, approximately 1.7 million people in the U.S. will…
Filing Bankruptcy and Finding a Bankruptcy Attorney
Bankruptcy and Finding a Bankruptcy Attorney: Many people overwhelmed by debt and fighting off aggressive creditor collection tactics have never spoken to a lawyer. When debtors lack familiarity with the legal process, they can be understandably hesitant to consider bankruptcy as an option. They may not understand the elimination of debt. They also may not understand that their home and other assets are protected….
Bankruptcy and How It Impacts Your Credit Score
Bankruptcy and how it impacts your credit score is a pleasant surprise to many of our clients. Whether you filed Chapter 7 bankruptcy or whether you filed Chapter 13 bankruptcy, credit score recovery is near. It will undoubtedly be a bit difficult to build credit in order to purchase a home in the near future. However, if you take certain steps, you’ll be able to rebuild your…
