Monthly Archives: January 2025
Chapter 7 vs. Chapter 13 Explained
Fundamentally, Chapter 7 and Chapter 13 are the same. Both kinds of consumer bankruptcy offer a fresh start to an honest but unfortunate debtor. Honest debtors are forthcoming about their financial situations and cooperate with court personnel, including the trustee (people who manage bankruptcies for judges). Unfortunate debtors file bankruptcy due to circumstances beyond… Read More »
Can I Consolidate Credit Card Debt?
Most people need to do something about credit card debt. The average credit card debt load has increased to over $7,200 per cardholder. That’s more money than most families can comfortably repay. IN some cases, consolidating credit card debt is the best approach, especially if your credit card debt is significantly below the average…. Read More »
