Blog

Debt is an insidious source of worry that affects millions of people. The emotional toll is not just about numbers on paper. It is also about anxiety, stress, and negative emotions. For many, the burden never seems to lighten, leading to enduring emotional and mental health challenges. Constant worry can lead to sleepless nights, panic

          It’s been a wild ride recently. The pandemic is finally easing, after causing death, hospitalization, unemployment, and ballooning debt. The government and some lenders tried to ease the pain with stimulus payments, child tax credits, eviction moratoriums, and a temporary freeze on foreclosures and garnishments. Some mortgage lenders allowed borrowers

This virus is hurting some people much more than others, and no one really knows when (or if) their own financial situation will turn around. We know that many people are hurting financially, even though creditor collection activity is way down… at least for now. Foreclosures are down, suits and garnishments are down, and repossessions

In Chapter 7, there are three possibilities for dealing with a debt that is secured by collateral, one of which is a “redemption”. Redemptions are usually only done with regard to vehicles, though it would be theoretically possible to do it with other types of personal property too. This article deals with redeeming cars. This

If the state or federal government owes you money for a tax refund that you have not yet received, this is considered to be an “asset” owned by you similar to money in your bank account. Assets should be disclosed in bankruptcies. You are then allowed to “exempt” or protect those assets within certain dollar