The idea of bankruptcy is scary for most people. Many may associate it with utter financial ruin, irreparable damage to credit scores and denied loans in the future. Some consider the act of filing ...

My son’s credit-card company will write off $10K on a $25K debt. Should he accept or declare bankruptcy? Twenty years ago, ...

When monthly income is eaten up by mortgage, loan payments and ongoing bills, and you need to borrow more to pay existing ...

Debt consolidation and bankruptcy are strategies to relieve debt, but the effects are radically different. Bankruptcy can give you a fresh start by restructuring your debts or liquidating some of your ...

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally ...

Your debt will be turned over to a collection agency, and your credit score will likely take a severe hit. Here's what to do about it. Many or all of the products on this page are from partners who ...

Failing the Chapter 7 means test doesn't end your pursuit of debt relief, but it may change the path you take.

Household debt just hit a new all-time high. Here's how to slash your high-rate card balances before they spiral.

Generally speaking, retirement accounts are afforded a great deal of protection. If you file bankruptcy, creditors cannot go after your retirement savings. This includes individual retirement accounts ...