Latest on the Bankruptcy Blog

Some people say bankruptcy is for cheaters and scammers looking for a quick fix out of a tough situation. This is simply not true. The bankruptcy process was designed to be a tool of assistance for those who find themselves over their head with financial hardship. Further, the majority of people who end up needing  … Read more

Depending on the type of debt you have and the laws in your state, you may only be able to wipe out certain types of debt in bankruptcy. You may also be able to wipe out debt that creditors are unlikely to try to collect on. Chapter  7 Bankruptcy The  effects of Chapter 7 bankruptcy  … Read more

You can, but it will be more difficult. Even after bankruptcy, a lender will look at your ability to repay the loan. The lender will look at your income, debt and your ability to save and invest for emergencies. What  is a secured loan after bankruptcy? Secured loans are loans that are backed by a  … Read more

Credit counseling is a service offered by nonprofit organizations, called credit counseling agencies, or credit counselors. Credit counselors work with you to develop a plan to reduce and repay your debt. These plans can be tailored to fit your situation and are often free. Credit counselors often work to negotiate lower interest and fees with  … Read more