Tag Archives: bankruptcy

6 Debts That Can’t Be Discharged by Filing Bankruptcy

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There are pros and cons to filing bankruptcy. Sometimes, it's the best option. However, in the best case scenario, it doesn't exactly wipe the slate clean. In other words, you don't necessarily start over at zero debt. There are some debts that can't be discharged. What Does It Mean to Discharge Debt? When you file for bankruptcy, a court discharges some of your debt. This means that you're not responsible for that debt anymore. The people you owed that money to can't ask you for it anymore. Read more [...]

What Are the Alternatives to Filing Bankruptcy?

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If you're overwhelmed by debt then you might think about filing for bankruptcy. This is a viable option for many people. However, it deeply affects you financial life. Therefore, people usually only turn to this option as a last resort. Before you go that route, make sure that you know the alternatives to filing bankruptcy. Find a Way to Pay Down Debt If at all possible, the best of all alternatives to filing bankruptcy is to pay down your debt. Of course, if you're looking at bankruptcy, then Read more [...]