The Federal Housing Administration (FHA) specializes in insuring loans for qualified borrowers who have issues that exclude them from conventional loan programs, such as less than perfect credit histories. While subprime

The “Means Test” in bankruptcy was created through legislation passed in 2005 and is used during a Chapter 7 bankruptcy case to determine a person’s eligibility to file. The test analyzes the

Comes the day when you realize the cold reality of the financial straits you’re in. Perhaps the children needed help with their tuition, or your family had to have medical

Education is often touted as a necessary tool for securing well-paid employment. Unfortunately, thousands of college graduates and their parents are facing mountains of debt in order to secure that

Generally, the decision to file for bankruptcy is never an easy one. Typically, consumers see bankruptcy as an option of last resort. Oftentimes, the final decision is a result of

When you are overwhelmed by debt, it can feel like you don’t have many choices. Continuing to pay interest only on your bills that never seem to go down can

The means test was created to prevent debtors from abusing the bankruptcy system. Although bankruptcy is a public right, the legislature does not want people filing for bankruptcy that truly

Debtors file for bankruptcy to have debts discharged in order to have a fresh financial start. The discharge prevents the debtor from having to re-pay debt that their financial future

If a creditor is successful in suing a debtor and obtains a judgment against the debtor, the creditor has options to collect the money owed to them on the judgment. 

If you plan to file for bankruptcy, you are required to participate in consumer credit counseling from a government approved agency within 180 days of the filing. Pre-bankruptcy counseling is designated to