Getting divorced, as I learned firsthand several years ago, can be financially devastating, and in many cases, it can lead to bankruptcy. If you are in the midst of a divorce and thinking about bankruptcy, I am glad you have found my blog. Here, I am going to answer all kinds of questions about debt, divorce, and when to declare bankruptcy. I hope that you can learn from the information I have amassed over the years. I ultimately decided to declare bankruptcy, but I know that it's not the right decision for everyone, and I hope to guide you toward the right decision for your life. Thanks for reading and good luck with both your finances and your new future.
Americans are borrowing more money to buy cars. Despite the economy being in a recessive state, Americans are buying more cars with an increase of 15.6 million units in auto sales. Instead of paying for the vehicle in full, most buyers are opting for car loans instead, as interest rates have lowered. There were 60.5 million car loans taken out in 2014. If you have taken out a car loan previously, and your car is now worth less than what you owe on it, you may be able to apply for a cramdown if you file for chapter 13 bankruptcy. [Read More]