Did you know that Abraham Lincoln, one of the most revered presidents in American history, filed for bankruptcy? In this post, we’ll explore five famous individuals who faced financial hardships, shedding light on their journeys and the lessons learned. 1. Abraham Lincoln Abraham Lincoln struggled with financial difficulties throughout his life, particularly as a storekeeper. […]
Rising Veterinary Costs and Their Impact on Pet Owners
Veterinary costs have spiked by 7.6% over the past year, leaving pet owners and animal lovers reeling from the financial impact of keeping their beloved companions healthy. This increase is not just a number; it is a significant factor in financial distress for many, especially in states like New Jersey. Why Veterinary Costs Are Rising […]
How Gambling Can Affect Your Life Into Bankruptcy
Gambling is often perceived as a fun and exciting activity, but it can quickly turn into a financial nightmare for many. The average gambler loses a staggering $20,000 a year, and with the rise of online gambling, this issue has become more pervasive. A recent study shows that 16 to 24-year-olds in the United States […]
Does Filing for Bankruptcy Mean You Can Never Buy a House?
For many, the thought of filing for bankruptcy is daunting and often accompanied by the fear of never owning a home. However, the reality may surprise you. Many ask, “If I am filing for bankruptcy, can I buy a house again?” The simple answer is yes — filing for bankruptcy impacts your credit, but it […]
What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
You may qualify for bankruptcy protection if you are falling behind on payments, racking up debt, and barely making your minimum payments. Bankruptcy laws were enacted for such situations, but the process can seem daunting and confusing. You should know that there are different types of bankruptcies, and you must qualify for them. In this […]
What Happens to My Assets in Bankruptcy?
Worrying about what happens to assets in bankruptcy is common. Filing for bankruptcy can be daunting, especially when you are not sure what will happen to your assets. If you are considering filing for bankruptcy protection, understanding the intricacies of the bankruptcy process is crucial. This blog post will demystify what happens to your assets […]
Why Bankruptcy Help Is Personal to Me
Facing financial uncertainty can be one of the most daunting experiences in life, but bankruptcy help is available. It is a journey I know all too well, having walked a similar path myself. Starting a new business is an exhilarating yet risky venture, and for many entrepreneurs, it involves taking on significant debt, making sacrifices, […]
Navigating the World of Credit
Introduction: Your credit reports and credit scores play significant roles in various aspects of your life, including loan applications, employment opportunities, and housing prospects. In this article, we’ll explore the fundamentals of credit reports and scores, their importance, and steps you can take to improve your credit health. Whether you’re aiming to secure a mortgage, […]
Why Can’t I File a Chapter 7 Bankruptcy?
The conversation typically starts with something like “my friend filed chapter 7 bankruptcy and wiped out a ton of debt without paying anything!” Or, “I read online that a chapter 7 is better, so that’s what I want to file.” It’s true that filing a Chapter 7 bankruptcy case is a great way to get […]
Debt Settlement vs. Bankruptcy
Inflation and the price of food and fuel all continue to rise. Salaries are increasing but are not expected to keep pace with inflation. Rent prices are rising 4x faster than income. That’s the bad news. But wait, there’s more bad news: financial distress can weigh heavy on the average consumer, and ongoing stress about […]
