Exempt Property in Bankruptcy

Each state has laws that determine which items of property you can keep in Chapter 7 Bankruptcy, and in what amounts. Essentially, these exempt items cannot be taken by your creditors or by the bankruptcy trustee even though you are going through bankruptcy. The...

Why You Shouldn’t Feel Guilty About Filing for Bankruptcy

It’s not a secret that many Americans have too much debt. To make matters worse, they are living paycheck to paycheck and are not building up any savings for emergencies. Our economy is driven by consumer spending as two-thirds of GDP comes from Americans spending...

When Is It A Good Idea To File For Bankruptcy?

Let’s face it… anyone who ever files for bankruptcy needs it. Often times due to circumstances out of their control, people have no other option than to file for bankruptcy to eliminate or reduce debt. A typical scenario is a person that has large amounts of credit...

Signs You Are Trying To Keep Up With the Joneses

“He is rich or poor according to what he is, not according to what he has.” – Henry Ward Beecher The Consumer Reports Index measure the financial health of American households and it reported that middle-income Americans are still struggling in 2013. The...

5 Items To Cut Out of Your Budget in 2013

Two things are certain: An increasing cost of living coupled with bleak employment statistics and a weak economy. That said, you should examine how and where you are spending your hard earned cash look and see if there are areas you can cut back on. Here are 5...

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Chapter 7, 11, and 13 Bankruptcies

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