The ability to file for bankruptcy is an important resource for people unable to pay off their debts. Nevertheless, few people understand how bankruptcy really works. Here are our picks for the 5 most common bankruptcy myths. Only irresponsible people file for...
Until recently, there was a strong social stigma against filing for bankruptcy. People saw it as immoral and a way to cheat the system. Since then, attitudes have changed. Reforms to the U.S. Bankruptcy Code and a decline in the stigma associated with bankruptcy have...
The COVID-19 pandemic and the resulting shutdowns caused economic hardship for many people and businesses. For some, bankruptcy was the best way to escape crippling debt. Chapter 11 filings for businesses were up nearly 20% in 2020, with retailers and...
Even the best of us have financial issues during our lives. Celebrity bankruptcies teach us that no matter how much we earn, we should always be careful how we spend our money. They also show us that although filing for bankruptcy can be painful, life goes on....
At some point in our lives, many of us will find ourselves in debt. We may be constantly harassed by creditors, unable to improve our credit score, and in danger of losing our remaining assets. With looser federal restrictions on bankruptcy during the COVID-19...
