Note: The Trump Administration has begun dismantling the Consumer Financial Protection Bureau. It is unclear if this will affect the proposed rule to keep most medical debt off credit reports. A fresh start means new opportunities. Nothing sets the tone for the year like taking control of your finances. If debt has been holding you…
Read More
Note: The Trump Administration has begun dismantling the Consumer Financial Protection Bureau. It is unclear if this will affect the proposed rule to keep most medical debt off credit reports. The Consumer Financial Protection Bureau (CFPB) is making waves with a bold move to change how medical debt impacts credit reports. The final rule is…
Read More
Note: The Trump Administration has begun dismantling the Consumer Financial Protection Bureau. It is unclear if this will affect the proposed rule to keep most medical debt off credit reports. Interest rates are shifting again. The effects can be seen through mortgages, credit cards, personal loans, and debt repayment plans. In 2025, borrowers and consumers…
Read More
Note: The Trump Administration has begun dismantling the Consumer Financial Protection Bureau. It is unclear if this will affect the proposed rule to keep most medical debt off credit reports. Debt can affect your entire life. When you’re behind on bills, stress takes over. Collection calls become a daily headache, and the pressure to stay…
Read More
The rise in recent bankruptcies has sent ripples through industries, exposing vulnerabilities many didn’t anticipate. The number of companies that filed bankruptcies recently alone has forced businesses to re-examine their financial footing, from major retailers to tech startups. Industries that once seemed resilient are now grappling with challenges in liquidity, credit availability, and rising operational…
Read More
Business bankruptcy Chapter 7 is a legal avenue that allows businesses facing insurmountable financial difficulties to liquidate their assets and pay off creditors. This process is primarily designed for corporations, partnerships, and limited liability companies (LLCs) that can no longer meet their financial obligations. Unlike Chapter 11 and Chapter 13 bankruptcy protection, which focus on…
Read More
Chapter 7 bankruptcy is often associated with individuals seeking a fresh financial start, but it’s also an option for businesses facing overwhelming debts. For business owners exploring this route, understanding the benefits and drawbacks is essential. This post will explore whether a business can file Chapter 7, examining the implications, advantages, and potential downsides of…
Read More
Facing the possibility of losing your car due to repossession is a stressful experience. For many, a vehicle is not just a mode of transportation; it's a lifeline to employment, healthcare, and daily necessities. If you're behind on your car payments and fear repossession, filing for Chapter 13 bankruptcy might be a viable solution. Chapter…
Read More
Filing for Chapter 7 bankruptcy is a significant decision that can have far-reaching implications, especially for business owners. One of the most pressing concerns is “Can I keep my business if I file Chapter 7?” This type of bankruptcy, often referred to as "liquidation" bankruptcy, allows individuals or businesses to eliminate most of their unsecured…
Read More
