Monthly Archives: November 2025
What is Debt Settlement?
Debt settlement is an uncertain process that’s ideal for debtors with severe bankruptcy phobia. Many debtors refuse to consider bankruptcy as a solution to severe financial problems, just like some people refuse to climb on ladders (acrophobic), go into small spaces (claustrophobic), or are afraid of Santa Claus. Debt settlement produces results in some… Read More »
Should I File Bankruptcy to Avoid Foreclosure?
It’s a close call, but you should file bankruptcy to avoid foreclosure, for the reasons outlined below. Based on the statistics, many people erroneously believe the opposite is true. Since 2005, the bankruptcy filing rate has plummeted and the foreclosure rate has gone through the roof. In fairness, both bankruptcy and foreclosure have some… Read More »
Chapter 7 Bankruptcy and Government Benefits: A Primer
Social Security, workers’ compensation, VA disability, and other government benefits are essential to the fresh start the Bankruptcy Code guarantees. Many families depend almost exclusively on government benefits to pay bills and they have no employment or other options. So, if a bankruptcy or other court takes away government benefits, it essentially takes away… Read More »
How Does Bankruptcy Affect My Security Clearance?
Bankruptcy discrimination, or making decisions based on a bankruptcy filing, is illegal. However, some financial problems are a legitimate concern. But the financial problems that cause bankruptcy filings rarely fall into this category. Furthermore, when debtors face their financial issues and file bankruptcy, good things normally happen, especially in terms of a security clearance…. Read More »
