When you fall behind in one area financially, it can have a ripple effect on many other parts of your life. For example, a hospital with a big unpaid medical debt could file a claim for a lien against your home. A credit card company could garnish your wages, leaving...
Month: March 2022
How does a Chapter 13 repayment plan work?
There are numerous noteworthy distinctions between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy. There are different income limitations and rules about what happens to your property and financial accounts. One of the most significant differences between these...
How a Chapter 7 bankruptcy helps when a creditor sues you
When you fall behind on an account, the creditor or lender will likely start calling you, probably more often than you would like. They may send you strongly-worded letters and advise that they will take legal action. It's easy to ignore those letters until a process...