Aug 14, 2023 | Bankruptcy, Casey Taylor
The prevalence of unsecured debt is on the rise in the United States. This type of debt, which includes credit card debt and medical debt, can have a major impact on one’s financial stability. Several factors contribute to the prevalence of unsecured debt. One is the increasing cost of living. As the cost of necessities …
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Jul 17, 2023 | Bankruptcy, Casey Taylor
In recent years, the number of families living paycheck to paycheck has risen sharply. For many Americans, this is the new economic reality. More and more families are falling into financial hardship, as the cost of living continues to increase. This can have serious consequences for those who are unable to make ends meet. The …
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Jun 19, 2023 | Bankruptcy, Casey Taylor
In helping clients file for bankruptcy, they often ask the following two questions: If something happens to my car while I am in bankruptcy, can I buy a new one? Will I be able to buy a car after I am out of bankruptcy? These are reasonable concerns. Having reliable transportation can be considered a …
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May 22, 2023 | Bankruptcy, David G. Poston
When struggling to make ends meet, you may have gotten behind on your monthly debt payments. With the delinquency, the creditor is threatening to sue you. Ultimately, the creditor might obtain a judgment against you. You may be unsure what that means, so let us help you understand. What Is a Wage Garnishment? Usually, the …
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May 9, 2023 | Bankruptcy, David G. Poston
There is no doubt that credit cards are both useful and convenient. But, it is all too easy to amass credit card debt that is overwhelming. If you are burdened by a growing credit card debt, there are actions you can take now that can help you tackle the problem. Transfer Your Credit Card Debt …
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Apr 17, 2023 | Bankruptcy, Casey Taylor
Members of the military, current, and veteran, have sacrificed a lot for their country. Unfortunately, economic hardship is often a consequence of those sacrifices. The federal government understands this consequence. Lawmakers have instituted laws to help military members certain debt collection actions. The Servicemembers’ Civil Relief Act (SCRA) provides some protections to active-duty military dealing …
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Apr 3, 2023 | Bankruptcy, Casey Taylor
When you are in debt and dealing with creditors, you may hear and see many terms that can confuse you. The terms “property lien” and “judgment lien” are two such terms. While these terms relate to each other, they do not mean the same thing. The distinction between the two terms depends on how a …
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Mar 20, 2023 | Bankruptcy, Casey Taylor
Chapter 13 Bankruptcy is known as a reorganization of debt. It helps debtors reorganize their debt and pay them off through a bankruptcy court structured repayment plan. Depending upon a debtor’s financial situation, they could have their unsecured debt (i.e. credit cards and medical bills) paid off and secured debts (i.e. mortgage and car payments) …
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Mar 1, 2023 | Bankruptcy, Spencer W. Jones
Bankruptcy is a powerful legal tool that can help individuals and businesses overcome overwhelming debt by providing them with a fresh start. Filing for bankruptcy can seem like a daunting process, but it can be beneficial in the long run. This article will discuss what happens to debt after filing for bankruptcy and how it …
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Feb 20, 2023 | Bankruptcy, Spencer W. Jones
The process for obtaining a discharge of federal student loans through bankruptcy has been long and difficult for over a decade. However, times are changing and newly issued guidance to the Department of Justice (DOJ), in connection with the Department of Education (DOE), has laid the groundwork for a more streamlined path for borrowers to …
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