The BAPCA is the acronym for The Bankruptcy Abuse Prevention and Consumer Protection Act. It was passed into effect in 2005 and resulted in a number of changes to the existing bankruptcy laws. The law made it more difficult to file for bankruptcy, which was done in an attempt to prevent people from filing multiple […]
Single parents face all of the challenges of couple parenting together, but they have the added struggle of doing it on their own. And unfortunately, far too often, these challenges are financial. Financial difficulties are one of the most common issued faced by single parents. Single parents must manage all of the usual expenses of […]
Custody can be one of the most heated issues in a divorce or in any family where both parents aren’t living under one roof. And in most cases, parents will want to do all they can to protect their right to custody. But what if you’re facing mounting financial challenges and bankruptcy has become one […]
Financial challenges can come at any point in life. Many younger people are struggling with money because of student loan debt, while people in their prime earning years might find themselves laid off from a job and embarking on a whole new life. It’s even possible to face financial struggles later in life, just as […]
Despite being one of the worst methods to take in dealing with debt, plenty of people ignore collection efforts against them. Of course, wanting to hide from a debt is understandable. If you cannot afford to pay it, you are concerned your problem is getting worse and you don’t know what to do, or you […]
One of the best things about filing for Chapter 13 bankruptcy is knowing you are taking control of your financial situation and making an effort to improve. Instead of struggling with the fear and frustration of never making ends meet, you’ll be able to meet your payment obligations and get a fresh start. But what […]
When you’ve fallen behind on a debt, creditors have the option of filing for a judgement against you. This means the court will grant the creditor permission to take certain steps to collect their debt. Essentially, a creditor with a judgement against you has more power and can pursue third-party methods of collection, such as […]
Having a judgement filed against you is one of the most intimidating parts of dealing with debt. For most people, a judgement comes from ongoing financial struggles or is related to an invalid debt. In the latter case, a judgement means you neglected to fight back against a debt collector pursing a debt you were […]
There are times when a creditor will work with you to deal with a debt. Occasionally, your mortgage company falls into this category. If you’re struggling to meet your payment obligations or you’re a month or so behind on payments, you might be able to negotiate an arrangement that allows you to catch up on […]
Housing is a major concern in bankruptcy, and frequently, the focus is on foreclosure and how bankruptcy protects you from losing your home. But what if you rent? How does bankruptcy affect renting and what if you’ve fallen behind in your rent and you’re concerned about eviction? In most cases, you won’t be evicted if […]
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