Editorial credit: Andrey_Popov / shutterstock.com There are two primary types of bankruptcy for individuals: Chapter 7 and Chapter 13. Both have different processes and implications for debt discharge, and they affect credit scores differently. Chapter 7 Bankruptcy: This involves the liquidation of non-exempt assets to repay creditors. It typically remains on your credit report for […]
Navigating financial hardships can be overwhelming, but filing for bankruptcy in New York may provide the fresh start you need. Bankruptcy is a legal process designed to help individuals and businesses eliminate or repay debt under the protection of the federal bankruptcy court. Understanding the types of bankruptcy available and the steps involved is crucial […]
By Chris Tobias | Editorial Credit Dorde Krstic / shutterstock.com Opening a credit card can be a smart financial move, offering benefits like building your credit score, managing expenses, and providing convenience. However, many individuals make common mistakes that can lead to financial trouble. To ensure you make the most of your credit card experience, […]
By Chris Tobias | Editorial Credit: shutterstock.com In a significant legal development, the Supreme Court temporarily halted President Biden’s latest effort to forgive tens, and possibly hundreds, of billions of dollars in student debt. This move has sparked widespread debate, as it follows the Court’s rejection of a more extensive plan last year that aimed […]
Originally published on 311bankruptcy.com. By Janet Howard Medical debt is a pressing issue affecting millions of Americans. For instance, a recent study found that although over 90% of Americans have some form of health insurance, out-of-network costs, high deductibles, and unexpected bills can lead to medical debt affecting insured and uninsured adults, experts said.. The repercussions of this debt extend […]
By Kim Nauer | Center for New York City Affairs Urban Matters: Kim, it’s been a memorably bad year in the world of college financial aid. The US Department of Education had promised a “Better FAFSA,” a new and streamlined Free Application for Federal Student Aid that would be quick to fill out and boost […]
Editorial credit: Tada Images / Shutterstock.com By Center for Health Journalism A new federal rule to keep medical debt off of credit reports should benefit women, African Americans and people with disabilities who disproportionately suffer credit hits from unpaid medical bills, reports Darreonna Davis at The 19th. The proposed rule from the Consumer Financial Protection Bureau […]
The Government of St Kitts and Nevis is moving ahead with the establishment and operationalization of its Continuing International Due Diligence (CIDD) Unit, a move that underscores efforts towards strengthening the Citizenship by Investment (CBI) Program and protecting the country’s reputation internationally. The new CIDD unit will be headed by former Commissioner of the Royal […]
Originally published on 311bankruptcy.com. When faced with overwhelming bills due to life events like divorce, illness, or unemployment, bankruptcy can be a beacon of hope, serving as a financial lifeline. By eliminating qualifying debts such as credit card balances, overdue utility bills, and personal loans, bankruptcy offers individuals a fresh start, a chance to rebuild […]
Originally published on 311bankruptcy.com. Understanding the differences between secured and unsecured credit cards is crucial when navigating the world of credit. With a multitude of options available, it’s easy to feel overwhelmed. However, by grasping the nuances of these two types of cards, you can make an informed decision that aligns with your financial goals and current […]