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Bankruptcy is intimidating for most participants, primarily due to the negative stigma surrounding bankruptcy claims. However, the financial option tends to be a fresh start for most filers and offers a new opportunity to reshape your future. It sounds like an excellent path for some folks, but what can participants expect after filing for bankruptcy? Will credit scores and debt…
Most people have some form of debt, whether it’s medical bills, car loans, mortgages or student loans. And if you start accruing multiple types of debt, it becomes overwhelming for you and your bank account. Luckily, there are several ways to manage debt in a way that is manageable and understandable for any adult. Determine your starting point Before you…
Many couples know that marriage means sharing your life. You have to share a house, family, time and even money. It makes sense that you also share your spouse’s debt – no matter how the debt is accrued. It provokes the question that if your spouse files for bankruptcy to addressed their debt, do you (as their spouse) also have…
Some of the largest auto insurance carriers, including State Farm, Geico, & Allstate are doing what would have previously been unthinkable……giving money back to their insureds. Given the lockdowns during Coivd-19, there are fewer vehicles on the road, resulting in fewer accident claims. As such, in a show of goodwill, these carriers are passing on their savings by refunding customers…
The current global crisis has put all business owners on alert as they navigate the new normal for shopping, communicating and interacting with their customers. Recently, many large-scale companies, like Neiman Marcus and JcPenny’s, are filing for bankruptcy to recover some of the significant losses they have seen over the last period. For small businesses, the impact may be even…
Harassment in any form is a terrifying experience. Oftentimes, it leaves people uneasy and fearful of how they can move on from their harassers. It’s particularly challenging when you are receiving harassment due to your debt. Many people who experience debt also experience creditor harassment, where bill collectors call your home, your work and threaten legal action over your unpaid…
Many people have been laid off, or had hours reduced, due to the coronavirus pandemic. More than 855,000 people filed for unemployment benefits in Ohio in the four weeks after the state started closing businesses, and unemployment claims continue to rise at an alarming rate. I often tell my clients that the one thing you can control the most when…
Home confinement could help you spend less money. However, whether your job is not deemed “essential” or your boredom causes you to gravitate toward online bargains, you might worry about how your financial accounts will survive economic uncertainty. If you are willing to change your perspective, making some adjustments could ease the stress of the emotional challenges of quarantine. Meanwhile,…
When you’re experiencing financial hardship, life becomes full of uncertainties. Looking at your monthly budget can be incredibly stressful. Where is the grocery money coming from this month? What funds are available for the utility bill? How will you cover the mortgage payment? The last question—the mortgage payment—can be the biggest concern. It may be the largest bill to cover…
For many professionals in the United States, an advanced degree forms the foundation of their career. However, the student loans required could be a crippling burden. The amount of student loan debt totals a record $1.6 trillion, and many will be unable to fully repay this debt. Over the past several decades, the United States government has made it more…