Military service members and their families make many sacrifices to protect the values and people of the United States.
The tax season is drawing near. Even the thought of filing taxes can lead to a significant amount of stress – especially for households already struggling with considerable debt.
When individuals file Chapter 7 bankruptcy, they must complete a considerable amount of paperwork. There are several forms to fill out, so the bankruptcy court can obtain an accurate look into the individual’s finances before moving forward with the bankruptcy.
The 1950s brought the advent of credit cards to the United States, making the method of “buy now, pay later,” easier and much more common. Nowadays, the average American has two or more credit cards in their name.
It is common for individuals to take out new loans to repay older debts. In some cases, this might help them keep their debt under control.
As we have mentioned in past blog posts, debt has almost become a normal part of life. After finishing school, getting a necessary surgery or even purchasing a home, it is common for people to have debt.
Credit is one of the main concerns individuals have when they file bankruptcy. They fret over how bankruptcy will impact their credit, credit score, and many future opportunities that involve credit, such as obtaining a mortgage.
Filing Chapter 7 bankruptcy can help individuals find the relief they need from the debt that weighs on their shoulders. However, the bankruptcy process can involve several additional details, documents and agreements, that can make this process even more complex.
Unfortunately, the soldiers who dedicate their lives to serving our country often face significant financial struggles after they complete their duty. These struggles only become more of a challenge for veterans who have disabilities.
For many Americans, buying a house is a huge milestone in their adult lives. It is a milestone of their financial independence. A home is without a doubt one of the (if not THE) most expensive assets that someone will own in their lifetime.