Bankruptcy Education

Latest Guides

  • Don't Let Medical Bills Ruin Your Credit
    Medical bills are the leading cause of bankruptcy according to AARP. Unfortunately, many people neglect their medical bills without realizing the impact that those unpaid bills could have on their credit score.
  • Bankruptcy vs. Credit Counseling: What's The Difference?
    People treading the heavy waters of financial distress, are often confused by the options available and just what they mean. One of the biggest misunderstandings is that credit counseling is equal to bankruptcy. This is not true, at all. The only similarity between the two is that Chapter 13 bankruptcy is a repayment plan. We explain the important details of each form of debt relief.
  • Bankruptcy
    Bankruptcy is a legal process that gives people who can't pay their bills a chance to start over. There are two types of bankruptcy available to most individuals. Chapter 13, also called "reorganization" allows the person to keep property, which they may otherwise lose. The debtor can pay off their debts over a period of three to five years. Chapter 7, known as "straight bankruptcy...."

Latest Blog Posts

  • 12 Little-Known Credit Facts
    It's true, the world of credit can be a little dry sometimes. So I compiled these 12 little-known credit facts to spice things up a bit.
  • Medical Credit Cards: Should You Get One?
    Medical credit cards are offered by lenders to consumers facing large out-of-pocket medical expenses. Here are the pros and cons of medical credit cards to help you decide if applying for one is the right choice for you.
  • Listen Up, Ladies: He's Just Not That into Credit
    The relationship that a guy has with his finances will more than likely mirror the other relationships in his life. If he doesn’t take care of his credit by paying back debts and curbing his spending, chances are, he's neglecting the other responsibilities and people in his life too.
  • Obscure Credit Score Facts from Liz Pulliam Weston
    In this week's Personal Finance Hour, Liz Pulliam Weston shares some interesting tidbits, personal anecdotes, and FICO facts that you might not know about credit scoring.
  • Credit Card Delinquencies Way Up in the First Quarter of 2009
    Credit card delinquencies (defined as accounts that haven’t been paid in 90 or more days) increased by 11% in the first quarter of 2009. What are the reasons behind this sharp increase, and is there a solution?
  • New Website Tells if You Qualify for Mortgage Relief
    Do you know if you're eligible for help under the U.S. Treasury's new "Making Home Affordable" plan? 7 to 9 million homeowners in the U.S. will qualify for a loan modification or refinance under this initiative. A new website quickly lets you know if you're one of them.
  • Debt Settlement Scams, Legit Credit Counseling, and Repayment Plans
    We've all heard horror stories of debt settlement scams: Fraudsters claim to greatly reduce or erase your debt, for a fee, but then do nothing to actually help your situation. Are there any legitimate options out there for those who are struggling? Learn which credit counselors can actually help, and what a repayment plan might look like in your situation.
  • How Credit-Savvy Are Your Kids?
    How much do your kids know about credit? Are you showing them how to use credit responsibly? Here are 5 essential lessons about money to teach your children.