Ignoring credit card debt is common for many consumers, that is, until a lawsuit is filed against you for outstanding debt owed. You still have the option of making an agreement with the creditor and possibly adverting the suit altogether. An agreement to pay what you owe may reduce legal collection action taken against you, [...]
Healthcare bills are a growing crisis among Americans, even those with insurance are having a hard time paying their medical expenses . One of the best ways to combat medical debt is by taking advantage of as much free healthcare as you possibly can. Typically these free medical services are preventative or diagnostic in nature, [...]
Very few people read all of the information they're provided when they sign up for health insurance, and this could be costing you money. If you sit down and actually go through your health care information you will learn what providers you can see, when you can get coverage for certain procedures, how much coverage [...]
Chapter 13 bankruptcy allows qualifying debt to be discharged when your case ends. Chapter 13 may wipe away or eliminate certain debts not eligible for discharge in Chapter 7 bankruptcy . While certain debts must be paid in full, the amount paid toward outstanding debt depends on your income and other monthly expenses. Chapter 13 [...]
Have Multiple When Filing Bankruptcy? If you have multiple vehicles when you file bankruptcy, it's likely you'll be able to keep them thanks to bankruptcy exemptions. When you file bankruptcy you are entitled to exemptions that can help protect automobiles. The exemptions are available at different levels including state and federal. While there are exemptions that [...]
Chapter 13 Bankruptcy and Tax Debt Chapter 13 bankruptcy is a repayment plan approved by the court.While the filing may not allow for elimination of all outstanding taxes owed, you may be able to discharge some of the debt at the end of your case. Chapter 13 can help you repay tax debt within 3 [...]
There are times in which a debtor may fall behind on mortgage payments due to different situations such as job loss, income reduction or medical illness. While it is understandable these things happen you'll want to keep in mind actions to avoid so you can maintain your home. You'll also want to note what you [...]
Many are under the impression that tax debt cannot be discharged through bankruptcy. Yet, tax debt could qualify for elimination under certain conditions in either Chapter 7 or Chapter 13 bankruptcy . Tax debt may be eligible for discharge under these requirements: Three years before filing your petition your taxes were due. The timing may [...]
Morris Brown College, a historical black college founded by freed slaves back in 1881, filed for Chapter 11 bankruptcy to stop foreclosure proceedings against the school. The college claims they were able to pay on certain debts but along with receiving notice of foreclosure against the establishment, filing for legal protection was seen as its [...]
The Bankruptcy Court requires debtors who file for bankruptcy protection to complete a financial management course before a discharge is granted for your case. Part of the reason for the requirement is due to changes made in bankruptcy laws in 2005. The credit counseling and financial management requirements are there to educate and inform debtors [...]