Category Archives: Debt

5 Signs you Need to File for Bankruptcy

5 Signs you Need to File for Bankruptcy

Bankruptcy is a scary word for many. However, admitting bankruptcy is one of the boldest steps a person can make while suffering from financial woes. Not everyone would agree that he or she is struggling to meet his or her obligations, but this might be an option to consider. Look out for the following signs and if they apply to you, consider filing for bankruptcy:

1)         Too Much Debt

Failure to meet your obligations to creditors can lead to legal and other collection actions to offset them. To reduce the risk of losing it all to your creditors, you can file for bankruptcy as it halts all actions initiated by creditors to collect from you. Credible law firms can help you apply for debt limits for Chapter 7 and Chapter 13 Bankruptcy with a focus on your financial situation and help you renegotiate your terms. With chapter 7 provisions, you can settle your debts by selling your assets. The amounts raised from this can be split amongst your debtors. However, Chapter 13 shields you from losing all your assets. The court allows you to keep part of your properties and assets from being sold or liquidated by debtors despite being considered for disposal. These provisions are helpful when you are neck-deep in debt, and you would like an opportunity to restructure and start on a clean slate.

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Pay off Debt or Save for Later? Here’s What We Think!

Pay off Debt or Save for Later? Here’s What We Think!

You’re sailing through the month with no financial worries. You’ve applied successful saving strategies and stopped wasting money. Now that your savings are starting to grow; you’ll discover new challenges about making decisions for the best use of those funds. In most cases, the tough decision is between using the funds for investment or paying… Continue Reading

What to Expect From Private Car Loans

What to Expect From Private Car Loans

If you’ve found a car you love but a private party is selling it rather than a dealer you can still get bank financing. You’ll have to do much of the legwork on your own, but it’s still doable. Here’s what to expect from private car loans. Private Party Auto Loans When you find a… Continue Reading

3 Simple Ways to Budget without a Spreadsheet

3 Simple Ways to Budget without a Spreadsheet

For many people, the word “budget” is almost as anxiety-inducing as “dentist” or “we need to talk.” For varying reasons, people’s purchasing habits and the requirements of maintaining a budget just do not align. Whether it’s laziness to track every purchase, limit spending categories to specific dollar amounts, or the fatigue that comes from thinking… Continue Reading

9 Things to Do When You’re Low on Cash

9 Things to Do When You’re Low on Cash

We all have times when we’re low and cash and need an emergency source of cash. It could be that you have got to the point where you have too much month at the end of the money, or maybe you have some kind of emergency like a medical one or some repairs you need… Continue Reading