For many American families, the cost of healthcare is a significant expense. In fact, medical bills are the source of many personal bankruptcy filings. If you've found yourself in this unfortunate predicament, you probably have many questions concerning the process and even your future financial standing. Getting at least some of these questions answered is helpful. A Medical Bill Is A Medical Bill When it comes to medical bills and bankruptcy, understand that a bill is a bill.
1 August 2017
The bankruptcy process can be a complicated and intimidating event, yet it can be a great solution for debt issues. If you recently filed and just found out the trustee dismissed your case, it might be wise to talk to your lawyer to find out what went wrong. Trustees can dismiss cases with prejudice or without prejudice, and you should understand the differences with these. Dismissals without prejudice If your case was dismissed without prejudice, it means that you likely made some type of mistake in your paperwork.
27 June 2017
You have went through all of the steps to get rid of those burdening debts you could no longer afford and now a lot of your credit history is wiped clean. However, because you have a bankruptcy listed on your credit report, establishing new credit can be somewhat of a challenge. Check out these few simple rules to follow to help you through the process of rebuilding your credit after filing bankruptcy.
5 June 2017
You've filed for bankruptcy and your debts have been discharged. Your bankruptcy will remain on your credit report for the next 10 years. That doesn't mean you have to wait 10 years to reestablish your credit. It may seem strange but many creditors will see you as a good risk once your bankruptcy is discharged. Why? Well, creditors know that you won't be able to file bankruptcy for another 10 years, which means they'll be able to go after you if you fall behind on your payments.
2 September 2015
Bankruptcy can be an incredibly scary road to go down. In fact, there are many stigmas associated with bankruptcy that may result in you giving bankruptcy the cold shoulder. After all, some of the things that people say about bankruptcy are rather terrifying. However, a lot of things that are said about bankruptcy aren't actually true; they are myths. Here are five assumed facts that are actually myths regarding bankruptcy in Canada.
13 September 2014