learning from experience

Bankruptcy Blog Posts

spouse

Can You File for Bankruptcy Without Your Spouse?

In most marriages, money is considered the property of both spouses. Many couples have joint bank accounts, so the incomes and other earnings are shared. But not every marriage works this way. In some marriages, finances are not shared. Each person has their own bank account, and bills and expenses

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holidays

Managing Holiday Stress While Going through Bankruptcy

The holidays are right around the corner, and many of us are looking forward to the uplifting spirits of the season. However, it’s no secret that holidays can be expensive. From enormous feasts to cherished traditions and countless gifts, it’s easy to become overwhelmed with unmanageable expenses. This feeling can

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bankruptcy terms

Understanding Common Bankruptcy Terms

Bankruptcy can be a complicated and stressful process; between making the hard choice to file and feeling the societal stigma of going through financial hardships, it is daunting. The daunting feeling of going through bankruptcy can increase when you feel like you can’t understand the vernacular involved in filing. Understanding

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Sports Gambling and the Link to Bankruptcy

Bankruptcy filings are increasing in some areas across the United States. Overall bankruptcies are up 16%. The economy has been tough lately, but some studies are showing that the cause is related to something else: sports gambling. There are now 38 states that allow in-person and/or online sports gambling. In

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what are cramdowns

What are Cramdowns in Chapter 13 Bankruptcy?

Many people struggle with debt and money issues. While Chapter 7 bankruptcy is the easiest option to eliminate debt, many filers do not qualify for it because they make too much money. This means that Chapter 13 is still an option. Chapter 13 bankruptcy can help you eliminate debt, but

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wedding ring in bankruptcy

Will I Lose My Wedding Ring in Bankruptcy?

Bankruptcy is often a necessity for those drowning in debt. However, it can be a scary process. What can you expect? Will you have to give up all your assets? Will you lose your wedding ring in bankruptcy? Many people worry about their assets that have sentimental value, such as

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