A sudden or chronic illness can ruin a family's finances. With the high cost of medical care these days, it is often true whether or not there is health insurance, since even the co-payments on hospital stays and surgical procedures can quickly mount up to...
Month: August 2013
Chapter 7 could protect your home, but be prepared for a fight
Imagine you are on the brink of filing for bankruptcy. You really want to file for Chapter 7, but you are worried that if you do make this choice that you will lose your home as a result. What should you do?First things first: this assumption is a common line of...
Late payments on credit card debt approaches record low
A new study by TransUnion, a credit rating company, revealed that the U.S. credit card delinquency rate in the second quarter of this year was within one hundreth of a percent of tying the all-time record low of 0.56 percent. "Delinquent" in this study was defined as...
The many faces of business bankruptcy: options for in-debt owners
When a company sinks so far in to debt that they decide its time to file for bankruptcy, what kind of options are available to them?There are a few choices that a business can make when they enter bankruptcy, and one of the most common types of business bankruptcy is...
