Below you'll find a list of all posts that have been tagged as “Financial Wisdom”
People often wonder if it’s possible to improve credit after bankruptcy. Yes, it is possible, and maybe surprisingly, it doesn’t take very much time or effort. When the bankruptcy case is filed, many people are in a difficult financial situation and their credit score is already low. Filing bankruptcy would …
We have previously talked about bankruptcy success stories. But can the outcome of filing bankruptcy be disastrous? Yes, it can be – and usually the culprit is bad legal advice, or lack of advice. * Just yesterday, “Kim” attended her 341 Meeting of Creditors. Kim, an elderly woman whose only …
People often wonder if the bankruptcy court will tell them how to spend money, or prohibit or limit any expenses. The short answer is, no. It is true that the bankruptcy court looks into whether the person has the financial means to make any payments to creditors, and requires information …
Most people have had debt of some kind during their lives. While in the perfect world it may be great to be debt-free, for most of us some debt may be very hard or impossible to do without (for example, a mortgage loan if you want to own a house) …
David* and Maria*, a couple in San Jose, California found out first hand just what a powerful and positive solution filing bankruptcy can be. David and Maria have been married for over 20 years and have three teenage daughters. They have a small business, offering gardening and landscaping services. When …
