The presumption of abuse guidelines were established when Congress enacted the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. One of the reasons for the act was to prevent people who make too much money to...
Being unemployed or having a drastic reduction in income is a common cause for people filing bankruptcy. Nearly two-thirds of Americans listed “job-related financial stress” as the major factor in filing bankruptcy. The...
A recent study conducted at the National University of Singapore’s Social Service Research Center indicates people who are relieved of their debt such as through bankruptcy or a charitable contribution, perform better...
Medical debt can add up quickly, especially at a vulnerable time in your life. Medical debt is one of the top reasons people file for bankruptcy. Even if you have medical insurance, major surgeries or uncovered medical costs...
Money problems play a large part in couples arguments and divorce. If there is too much debt, the question becomes should you file for divorce before or after bankruptcy. Divorce is often one of the main reasons people file...
