Blog: Personal Bankruptcy

Filing for Bankruptcy Protection—How Long Should You Wait?

Dec 16, 2020

Is It Better to File Right Away or Try Other Options? If you’re struggling to make mortgage or rent payments because of the economic downturn caused by the coronavirus, you’re not alone. According to a recent report in The Washington Post, more than 12 million Americans are at least $5,000 behind in rent payments. You’re likely weary of the phone calls and letters from creditors, of trying to figure out how you’ll get caught up...

Can Bankruptcy Improve Your Chances of Getting Credit?

Dec 7, 2020

How Filing for Bankruptcy Can Make You a Better Credit Risk If you’ve suffered significant financial setbacks during the pandemic, or as the result of uncovered medical expenses, you may be reluctant to seek bankruptcy protection out of concern that it will make you less attractive to potential creditors. That’s not necessarily the case—in fact, bankruptcy often is seen by creditors as a positive step, and it’s been shown to lead to an increase in...

Factors to Consider When Contemplating Bankruptcy

Nov 7, 2020

Making the Right Decision about Filing for Bankruptcy Protection When you’re struggling to make ends meet, whether you’ve lost your job, incurred substantial medical bills or gone through a divorce, the relief available through a personal bankruptcy filing can be attractive. Before you file, though, you want to consider the following factors, so that you make the right decision about your future: A bankruptcy filing won’t necessarily relieve you of the obligation to pay creditors—There...