I spent 20 years digging myself deeper into debt. However, if I am being completely honest, I never really noticed the hole I was digging. Instead, it seemed one day I woke up and there I was staring at this seemingly insurmountable amount of debt. I wanted nothing more than to purchase a house but I knew I couldn't secure a mortgage. After consulting with a bankruptcy attorney, I decided filing for Chapter 7 bankruptcy was my best option. I knew it would be a long road to financial recovery but I believed I could do it. It has now been nearly seven years since I filed for bankruptcy and today, I finally closed on the purchase of my home. I am starting this site to both honor that accomplishment and help others like me to accomplish this goal in their own life as well.
Posted on: 2 February 2018
If you have been struggling with your bills, you might find yourself starting to wonder if there is a way you can get some help getting out from underneath the debt that is piling on top of you. For many people, debt consolidation and bankruptcy are two good choices. However, if you are in a position where you do not know which route you should take, you will want to keep reading. [Read More]
Posted on: 7 November 2017
One of the best parts of a chapter 7 bankruptcy plan is the reliability of the process and the relative expediency of it all. Unlike a chapter 13 bankruptcy filing, which is really more of a debt reorganization plan, a chapter 7 filing could be completely done in as little as a few months. For a heads up on how the process works in most cases, read on. 1. Get your paperwork together: Your bankruptcy attorney will need a lot of documentation from you, so get ready to rifle through your files and compile some information. [Read More]
Posted on: 13 September 2017
Have you been dealing with unsettling communication from creditors asking for their money? Bankruptcy is one way you can stop this from happening, but it doesn't happen instantly. It is important to know how to deal with creditors during the entire bankruptcy process. Before Filing You might have started the bankruptcy process by hiring an attorney but have not yet filed the official paperwork for bankruptcy. This phase is known as pre-filing, and creditors are still allowed to reach out to you about collecting the debt that you owe until you file. [Read More]
Posted on: 5 May 2015
A common misconception is that poor spending habits and maxed out credit card bills are the biggest cause of bankruptcy in the U.S. Unfortunately, the truth is much more sobering. Studies have shown that medical bills are actually the most common cause of bankruptcy in the U.S. with over 2 million Americans affected in 2013 alone. The cost for medical care in the U.S. is notorious for being expensive, and at times unaffordable, with an ambulance ride of only 200 feet costing as much as $3,421. [Read More]