Filing for bankruptcy is not the equivalent of hitting rock bottom, even if it can feel like that sometimes. A more positive way of looking at this life changing decision, is that you now have a fresh ...

If you owe a lot of debt that you cannot pay, you may be considering filing for bankruptcy. Although bankruptcy can be a ...

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

When a debt is discharged, it can impact what you owe, but the process and outcome aren't always straightforward.

Bankruptcy is an option when you are facing serious financial difficulties. Chapter 7 bankruptcy is a way to legally discharge unsecured debt, such as credit card debt, medical debt and personal loans ...

Chapter 7 or Chapter 13 may discharge or reorganize your credit card debt. Some debts may not be cleared in bankruptcy, such as nondischargeable obligations, recent luxury purchases or fraudulent ...

Jeanine Skowronski is an editor, writer, and journalist with more than 15 years of experience in personal finance and business, including roles at Bankrate, CreditCards.com, and Policygenius. Her work ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. No minimum amount of debt is required for ...

Twenty years ago, our son declared bankruptcy. As the years passed, he improved his credit rating. Recently, he lost his job and maxed out his credit cards. He now lives with us and doesn't own a ...