One of the points that people who file for bankruptcy are concerned with is how they are going to rebuild their credit when the case is over. The answer to this isn't very easy, but it is possible to rebuild your credit score over time if you are willing to work at it.
Don't fall for common bankruptcy myths
Swimming in debt can have a negative impact on your life. When you don't feel like you have any way out because you simply can't make the payments, you might realize that you need to turn to bankruptcy. This isn't something that you should be ashamed of. It is a choice that can help you to regain control over your finances.
Choose your bankruptcy filing type very carefully
Bankruptcy isn't something to be ashamed of. In the past, having to seek this protection was usually kept a secret. Now, we realize that filing bankruptcy is actually more responsible than just avoiding your creditors.
If you want to file bankruptcy, how fast should you do it?
You know that bankruptcy is coming. You owe $25,000 on various credit cards. You lost your job through no fault of your own -- the company went under and all the employees lost their jobs -- and now you're just working part time.
Millennials are postponing major life milestones because of debt
According to a new survey by NBC News and GenForward, about 75 percent of American millennials (those between 18 and 34 years old) have some sort of debt. Further, many are postponing major life events like buying a home, getting married and having children because of it.
