Chapter 13 Bankruptcy

Applying for a loan can be a complicated matter if an individual already has debt. That is why, in many cases, individuals will obtain a loan by cosigning with someone else. A cosigner is often a family member or even a close friend. Cosigned loans are very common – but what happens to cosigners if…

Many people might wonder if there is such a thing as too much debt. Could a specific amount of debt prevent them from finding debt relief? The simple answer is no – regardless of how much debt an individual has, they have options to achieve debt relief. However, the amount of debt they have could…

When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency? This is an important distinction to make. How are they different? Many New Mexicans…

Losing a job can leave individuals suddenly facing considerable stress – and a lot of questions. How will they pay bills? How will they support the family? If individuals already have debt, these questions and worries only increase. Even though many employers offer a severance package to help individuals after a layoff, debt can quickly…

Whether individuals file Chapter 7 or Chapter 13 bankruptcy, they will have to complete a considerable amount of paperwork to obtain the debt relief they need. When filling out this paperwork, one critical step individuals must take is to list all of their monthly expenses. This might seem like an overwhelming task, but individuals pursuing…

In a recent blog post, we discussed the potential dangers of credit card debt. This report also found that the total credit card debt in the United States reached an all-time high at the end of 2019. Since most adults have at least one credit card, they are often well aware of the risks that…

In a recent blog post, we discussed how individuals can manage their debt when unemployed. One of the first steps involves negotiating a different payment plan with creditors. There is no doubt that speaking with creditors can be overwhelming. So, here are some tips to help individuals when they call to negotiate with creditors. Preparation…

Since the 1960s, women have come a long way in the fight for equality in the home and the workforce. However, it is still a reality that a majority of women earn an average of 80% to the dollar that men earn. The existence of the gender pay gap can be frustrating for many women…

Getting a divorce can impact life in many ways. It can be emotionally stressful to end a marriage and split parenting time with the kids. However, divorce can also be financially stressful. After all, individuals have to divide their marital assets, and one spouse often has to pay child support and possibly alimony. The amount…

Many people keep the tradition of making a resolution each year on New Year’s Eve. That way, they can make a change in their life and get a fresh start for the new year. In the past, the most common New Year’s resolutions often included losing weight, exercising and eating healthier. However, that changed this…