Blog Posts in November, 2013

Bankruptcy and Credit Scores

Filing for bankruptcy is always a big decision, with many factors to weight. One of those is the effect that a bankruptcy can have on your future credit possibilities. In the short term,bankruptcy will significantly lower your credit score - and this can create extra costs for you when you work to rebuild your credit, or try to purchase a car or a home. Even with this credit impact, bankruptcy may ...

Increasing Bankruptcy Among The Elderly: A Canary In The Coal Mine?

Retirement was supposed to be "the golden years." But these days, many elderly people find themselves in dire financial straits. Mounting credit card debt is leaving many with bankruptcy as their only viable option. Medical expenses, daily living costs, helping with adult children, shrinking or nonexistent retirement plans or savings - these all add up to not enough money to live on. Numerous ...

Congress to Consider Medical Debt Relief Act

The nation's economic downturn has already inflicted untold emotional pain. Unemployment is high, real estate has sagged, and millions of Americans are crippled by debt problems. It has been, in short, a perfect storm. In this economic climate, many people are facing medical bills that they simply cannot pay. And this, in turn, carries consequences for their creditworthiness. Hence the effort, at ...