Bankruptcy provides a clean financial slate for those facing crushing debt. But, after the repayment plan is created or debts are discharged, one challenge remains - a problematic credit score. For example, a Chapter 7 bankruptcy will often pull someone's credit score...
Month: May 2019
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Bankruptcy may soon include student loans
Many are aware that filing bankruptcy provides a wide range of protections, but student loans are usually not part of a short list of debts that cannot be discharged. This is bad news for the 44 million student loan borrowers here in the U.S., some of whom are...
Nearly 60% of filers say medical debt contributed to bankruptcy
“It’s just life,” a sociologist and co-author of a recent bankruptcy study. “It’s not like they’ve done anything wrong.” According to that study, almost 60% of people who had filed for bankruptcy cited medical bills as “very much” or “somewhat” of a contributor to...