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December 2013 Archives

Pennsylvania man files for Chapter 7 after his business closes

Any number of situations can drive a person into financial difficulty. As the economy continues slowly recover, many people are still feeling the side effects of the recession and a weak business cycle. When debts reach unsustainable levels, filing for bankruptcy might become the best-available option.

Bankruptcy, divorce have intertwined (and complex) relationship

Divorce and bankruptcy have a very complicated relationship, which is either ironic or appropriate (we can't tell). In some cases, a bankruptcy filing may trigger a married couple to reconsider their relationship, thus sparking a divorce. In other cases, it may be the other way around: the divorce takes a financial toll on one of the spouses (or both), thus leading them to file for bankruptcy.

Chapter 7 vs. Chapter 13, and how a home can be affected in each

When anyone files for personal bankruptcy, they will have to decide whether they want to go with Chapter 7 or Chapter 13. These two forms of bankruptcy are very different, but in either case, they can help a debt-ridden individual (or simply someone who needs help regaining their financial footing) reclaim their fiscal livelihood.

Take care with your credit card this holiday season

Pittsburgh residents blinked a few weeks ago, and suddenly the holidays were upon them. It happens every year, as the leaves fall and the winter blows in: People simply can't believe that the holidays are already here. With the holiday season in full swing, there's one thing many people all across Pennsylvania will be doing -- reaching for their purse or wallet to bring out their credit card.

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