Latest on the Bankruptcy Blog

Being unemployed or having a drastic reduction in income is a common cause for people filing bankruptcy. Nearly two-thirds of Americans listed “job-related financial stress” as the major factor in filing bankruptcy. The majority of us do not have sufficient savings to carry us through our rough financial times. We rely on credit cards and  … Read more

A recent study conducted at the National University of Singapore’s Social Service Research Center indicates people who are relieved of their debt such as through bankruptcy or a charitable contribution, perform better on cognitive functions and have less anxiety. The study was conducted between January 2015 and August 2017 involving almost 200 low-income people. The  … Read more

Medical debt can add up quickly, especially at a vulnerable time in your life. Medical debt is one of the top reasons people file for bankruptcy. Even if you have medical insurance, major surgeries or uncovered medical costs like preexisting illness can ruin your financial stability. Uninsured or underinsured Americans worry if they should go  … Read more

Money problems play a large part in couples arguments and divorce. If there is too much debt, the question becomes should you file for divorce before or after bankruptcy. Divorce is often one of the main reasons people file for bankruptcy. The costs involved with a divorce, loss of an income, having to relocate and  … Read more