Topic Bankruptcy: Is Bankruptcy the Right Solution for You?


Filing for bankruptcy is a drastic measure but sometimes you don’t have any other choice. Bankruptcy information stays on your credit report for up to 10 years. Bankruptcy is a legal way to discharge your debts, but filing bankruptcy will have the most negative effect on your credit score. It’s always in your best interest to make sure that information about the filing are reported to the credit bureaus correctly.


Last Updated 28th August, 2014 A subscriber to AskTheMoneyCoach.com is getting married, but recently filed for bankruptcy. The person wants to know how her bankruptcy will impact her future spouse’s credit report. Here’s the answer.

Last Updated 30th May, 2014  If you’re having trouble keeping up with your mortgage payments and think you might be headed for foreclosure, there are still some things you can do to ameliorate the situation.   Millions of U.S. homeowners have had their properties repossessed in recent years, so if you’re on the verge of […]

Last Updated 28th April, 2013 Sometimes, people who intend to file for bankruptcy protection have a change of heart once it’s done, or once they pay to have a bankruptcy initiated. Different procedures apply once the bankruptcy has been filed with a court, as opposed to when you have only paid an attorney or another […]

Last Updated 22nd April, 2013  According to recent data from the American Bankruptcy Institute, there were 1.2 million personal bankruptcy filings in the United States in 2012. If it’s increasingly difficult for you to cover all your bills, you find yourself using credit cards to pay for basic necessities, or you’re currently considering any type […]