Why Filing Bankruptcy is OK

Filing bankruptcy can seem like a poor decision or a sign of failure. However, struggling with debt is frustrating and looking for solutions is confusing.  Bankruptcy is a way to eliminate debt and rebuild one’s financial life.  Some people think filing bankruptcy is...
Different Types of Bankruptcy

Different Types of Bankruptcy

There are several types of bankruptcy to help you get out of debt. Each bankruptcy has different purposes, requirements, and ramifications. Here is a brief description of the different types of bankruptcy: Chapter 13 Chapter 13 bankruptcy allows an individual to pay...
What is Bankruptcy? Is it like Monopoly?

What is Bankruptcy? Is it like Monopoly?

What is bankruptcy? Bankruptcy is a word we all have heard, but many people don’t know exactly what it means. For instance, their only reference point may be “going bankrupt” in the Monopoly game. What is bankruptcy in Monopoly? Bankruptcy in Monopoly means you are...
Getting Out of Debt Options for You

Getting Out of Debt Options for You

Getting out of debt is becoming a big issue for many people.  In May 2020, US consumer debt hit a new record of $14.3 trillion dollars.  Yes, that’s TRILLION, not billion or million.  For some people their level of debt is manageable. However, for many...