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December 2016 Archives

Are all debts forgiven under bankruptcy?

There are a number of misconceptions about bankruptcy that often leads people to make uninformed decisions. You might, for example, assume that you are not eligible and neglect to pursue it. On the other hand, you might be wondering if bankruptcy will allow you to absolve all debts. The following five types of debt are typically not eligible for forgiveness under the terms of a bankruptcy agreement.

Dispelling common myths regarding bankruptcy

If you are in debt and struggling to find a solution, chances are you have at least thought of bankruptcy. Perhaps it has been a fleeting thought, or maybe it has been a consistent subject of your consideration. No matter where you currently stand on the issue, you could likely benefit from better understanding what exactly bankruptcy involves. Most people have at least some misconceptions, and these four myths are ones that can easily be dispelled.

Why medical debt is a common cause of bankruptcy

People file for bankruptcy for many reasons. For example, they may have obligations such as past-due federal tax that they are struggling to pay. However, there is no doubt that medical debt is a common cause of bankruptcy, although the exact math remains fuzzy. Here is a review of why a strong relationship exists between bankruptcy and medical debt.

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