Overspending, loss of a job, medical bills, and lack of savings are amount the top reasons for debt in America. Additionally, high household debt levels are still normal and haven’t changed much since the financial meltdown...
A Springfield Illinois Man, Mark A. McFarland, 58, plead guilty in February of this year to two counts of bankruptcy fraud in U.S. District Court in East St. Louis. Mr. McFarland, who has filed bankruptcy 10 times over the...
While Chapter 7 and Chapter 13 bankruptcies are designed to give individuals a fresh financial start by discharging debt and educating the filer on common financial pitfalls and how to avoid them, sometimes they find...
A credit counseling agency is sometimes sought out as an alternative to filing for bankruptcy. When you go to a credit counselor, you can expect them to review your financial situation and help you structure a plan to...
While there are only a small number of non-exempt debts that cannot be eliminate through bankruptcy, generally back taxes are one of them. And while chapter 13 bankruptcy usually won’t eliminate back taxes, filing for...
