As much as you plan your future, there are always surprises and unexpected expenses or challenges. Most Americans create some type of savings plan to pay for major expenses, whether that means college, a new car or a dream vacation.
How you can deal with foreclosure stress
Maybe you already started getting foreclosure notices. Maybe nothing is official yet, but you've missed payments, you know you're going to miss more, and you can tell that a foreclosure is coming. Either way, you're dealing with a significant amount of stress. Below are a few ways to handle it:
Reasons to file for Chapter 7 bankruptcy in your 40s
It goes without saying that you never want to find yourself facing a financial challenge. In a perfect world, you would always have enough money to pay your bills, save a bit, and enjoy yourself.
Ways to stay out of debt after using debt relief methods
So you're looking into debt relief methods, such as bankruptcy. Not only do you want to get rid of the debt you have, but you want to take this time to really commit yourself to staying out of debt in the future. Some ways to do this include:
Considering bankruptcy when life takes unexpected turns
No one expects to file for bankruptcy. It's a terrific tool to use in certain cases, but no one sets out with it as the goal. Instead, it's something that's often necessitated by things that are out of your control. These unexpected events can make it the most attractive option to help get life back on track.
Do you have to pay all credit card debt with Chapter 13?
If you're thinking of filing for Chapter 13 bankruptcy, you may have a high amount of credit card debt. Perhaps you lost your job and you were forced to put everything on the cards just to get by. Now you have a new job and a regular income, which is why you're interested in using the repayment plan, rather than liquidation. The credit card debt is too much to pay all at once, but do you have to pay all of it eventually under the new plan?
