unsecured debt

Are Credit Cards Forcing Some to Bankruptcy?

The short answer to this question is "Yes." Many of today’s bankruptcy filings result from significant credit card debt. Given the state of the economy and recent layoffs, consumers are finding it difficult to make the minimum payments on their credit card accounts. The problem does not end there. In many instances, when consumers default…

Chapter 7 Bankruptcy

If you are looking to wipe out all of your debt and have a fresh start, Chapter 7 may be the best option for you. Of all the types of bankruptcies Chapter 7 is the most all-encompassing, because it covers not only individuals, but also corporations, partnerships and sole proprietorships. It is also the most…