Bankruptcy

One of the most frustrating aspects of owing a significant amount of debt are the steps creditors may take after missed payments. If you are behind on your mortgage payment, the bank could move to foreclose on your home. After receiving a foreclosure notice, you may...

Life is unpredictable, and maybe you never anticipated being in the financial situation you are currently struggling with. It can be scary realizing you do not have enough money to pay your bills or constantly avoiding calls from creditors. You know you need help,...

Managing life with credit cards is not always easy. Although some consumers in Virginia do manage to pay off their balances every month, many more struggle with constantly growing balances and high interest rates. Despite these challenges, consumers managed to pay off...

One of the most discouraging aspects of owing significant amount of debt is the constant contact you may experience from debt collectors. While it is reasonable for creditors to attempt to collect debts owed by consumers, it is not appropriate for them to violate the...

It can be difficult to keep a business afloat during times of economic strife. However, business owners in Virginia have the option to use bankruptcy to their advantage. Rapidly changing retail models often necessitate quick action, and for some, this means turning...

Having too much debt is more than just a financial problem -- it is an emotional problem too. From first realizing that one is no longer to keep up with bills to dodging calls from creditors, the mental load of debt is a significant burden. Those who earn a relatively...

Although men and women of all ages and races struggle with their finances, financial struggles often hit some harder than others. According to experts, Black women tend to be overrepresented in bankruptcy. This means that there is a disproportionately large number of...

There are many unpleasant consequences to owing a significant amount of debt, including receiving calls from debt collectors. Another way creditors collect on past-due balances is through the wage garnishment process. This involves the employer taking money directly...

Dealing with prolonged periods of stress is not easy, and it is not uncommon for people in Virginia to turn toward consumer vices for comfort. While this is understandable and not even necessarily a bad thing, extra spending can eventually get out of control. Extra...

Even if you feel like you are drowning in debt, filing for bankruptcy is probably not your first choice. You may have several misconceptions about what this process could mean for you and your future, and these fears may keep you from moving forward with steps that...