When someone’s overwhelmed with debt, bankruptcy is often a viable option for addressing the problem -- and it can be an effective way for someone to get a fresh financial start. But life’s uncertain: What happens if someone ends up suffering another major financial...
Month: May 2021
What is a financial inventory in bankruptcy?
People who are filing for bankruptcy have to take a long look at their finances. It shouldn’t surprise you, then, that you have to fill out a financial inventory when you file your bankruptcy petition. The document lists out several financial matters so that the court...
Can you keep a car once the lender starts repossession efforts?
When debt becomes overwhelming, each of your paychecks becomes crucial. You may not have a penny to waste if you want to stay on top of all of your bills. In fact, you may fall behind even though you do your best to make payments to every creditor every month. If...
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