Debt is almost unavoidable in today’s world. Whether it’s credit card debt or a mortgage, debt is an invaluable tool that empowers consumers. However, when the consumers are unable to pay their debts, it can result in harassment from collection agencies. In this post, we will explain what debt collection agencies are, what some forms […]
Filing for Chapter 13 offers debtors a chance to regain control of their finances by paying back most, if not all, of their debts over a three or five-year period. However, due to the time frame for these plans, a lot can happen in life, including cash gifts and even inheritances. In general, changes to […]
Filing for bankruptcy is a huge, life-changing move. There can be a lot of uncertainty for the filer and questions they may have about the process. Frequently, people are concerned by how long it takes to file Chapter 13 bankruptcy because it can be a time-consuming process. The bankruptcy code is long and complicated, so […]
For those who wish to file for bankruptcy but wish to protect some or all of their assets, it may be critical to utilize federal and state exemptions. An exemption is a rule that allows for a debtor to maintain some property even if he or she claims to be insolvent. In simpler terms, you […]
If you have defaulted on your federal student loans, child support or alimony payments, owe back taxes, or have a court-ordered judgment against you, you may lose part of your paycheck. This is known as wage garnishment, and it is permitted under Federal and state law as a way for creditors to reclaim debts. Under […]
If you are experiencing financial difficulty, you may find yourself unsure what to do if a creditor tries to obtain a wage garnishment from you. A wage garnishment exemption could apply in some cases. If applicable, it can work to protect some or even all of your wages from garnishment. This happens if you take […]
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