If you want to file for personal bankruptcy, you must follow all the rules under the bankruptcy code. One of those rules requires you to complete credit counseling. The Federal Trade Commission explains that you must complete one course prior to filing and then one...
Having too much debt may haunt you day and night, and you may be looking for ways to get your finances back under control. You may be able to give yourself a fresh start by filing for either Chapter 7 or Chapter 13 bankruptcy. How do the two types of personal...
The cost of living, medical bills and unexpected expenses can make it challenging for Virginia residents to make ends meet. If you rely on credit cards to pay for basics like groceries and utilities and make the minimum required payments monthly, chances are you are...
Medical expenses and unemployment can result in mountains of debt and little recourse for Virginia residents. If you use credit cards for daily necessities and are struggling with minimum payments that don’t lower your balance, it may be time to change your strategy....
Many Virginians struggling with overwhelming debt face creditor calls, collection letters and threats of lawsuits. This situation may encourage people to file for personal bankruptcy. After all, filing for Chapter 7 puts an automatic halt to any efforts to collect the...
People are filing bankruptcy in their golden years more than before according to a study by a professor group. The professors used data gathered by the Consumer Bankruptcy Project and determined that the number of bankruptcy filings by people aged 65 to 74 grew by...
