Understanding Secured vs. Unsecured Debt in Bankruptcy

Understanding Secured vs. Unsecured Debt in Bankruptcy When you are considering filing for bankruptcy, one of the most important concepts to understand is the difference between secured debt and unsecured debt. How these two categories of debt are treated by the court...

Don’t Use Your 401k to Pay Off Debt

Why You Should NOT Use Your 401(k) to Pay Off Your Debts It is a common question when financial stress mounts: “Why shouldn’t I use my retirement money to pay off my debts? It’s my money, and I will just pay the loan back.” While it is your money,...

Use Your Tax Refund for Debt Relief

The Christmas Hangover: Breaking the Cycle of Debt You gave the best gifts, threw the most memorable parties, and enjoyed the holiday season to the fullest. But now, the bills have arrived. While the memories were worth it, the financial “hangover” is...

Can I File Bankruptcy Without Hurting My Co-Signer

Can I File Bankruptcy Without Hurting My Co-Signer? You are drowning in debt, but a friend or relative co-signed on your car or other asset. Now what? You could likely pay this specific debt if you didn’t have all your other credit card and medical bills...

Bankruptcy vs. Debt Consolidation: Know the Difference!

Bankruptcy vs. Debt Consolidation: Know the Difference! So, the late-night ads are luring you in, and you really don’t want to use the “bankruptcy tool,” but how do you know which option is best for you? The Risks of Debt Consolidation Services Debt...