2017

Stuck in Perpetual Credit Card Debt? Free Yourself With Chapter 13 Bankruptcy

Sometimes it's easy to get into credit card debt,but hard to get back out. Circumstances such as a floundering economy or a failed marriage can leave an individual struggling just to pay the monthly interest on their unsecured debt. Paying only the minimum payment on your debts means that the principal, or the amount you owe, never goes down, so you're stuck in a an ongoing cycle of debt. Filing for Chapter 13 bankruptcy protection may be your best bet for getting back on your feet and freeing yourself from this burden.

3 Things To Know If You Are Filing Bankruptcy Alone While Married

Bankruptcy is something you can file if you need serious help getting out of debt, and it is something you can do alone or with your spouse. Married couples do not have to both file, if just one needs relief; however, there are three important things you should know if you are considering filing alone while you are married. Both Incomes Must Be Included The branch of bankruptcy you file will be dependent upon your income.