Bankruptcy

How to Avoid Bankruptcy during COVID-19

The financial ruins caused by the COVID-19 pandemic have left millions of people struggling. The devastating impact of the pandemic on the economy has made it difficult for the average American

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All You Need to Know About Chapter 7 Bankruptcy

Global events like the Ukraine-Russia war are an economic catastrophe, especially for the US economy. Many citizens are already facing multiple issues with rising inflation, interest rates, and increased household debt.

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Business or Personal Bankruptcy: What is the Difference?

On the surface, corporate and individual bankruptcies operate similarly. However, there are some key differences between the two. Here, we go through the main ones: The means test This is

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The Most Common Causes of Bankruptcy Filings

Bankruptcy filings are more common than most people think. The good news is that bankruptcy filings have declined in recent years. In 2005, bankruptcy filings reached an all-time high with

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What Happens if a Person Dies During Bankruptcy Proceedings?

Bankruptcy filings are more common than most people think. Bankruptcy filings hit an all-time peak in the USA in 2005 when over 2 million filed for them. Since then, the

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How Credit Card Debt Can Ruin Your Life

Credit cards are an essential financial tool that any adult today should possess. They help you spend on everything from day-to-day essentials to luxury items and emergency cash while helping

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How Does Bankruptcy Affect Credit Scores?

According to data compiled by the American Bankruptcy Institute, there were 529,071 bankruptcy filings in the USA during the year 2020. Filing for bankruptcy is a complex procedure that grants