Most people have some amount of credit card debt. The issue isn't really that people have debt, though, it's that so many people have too much.
A Chapter 13 bankruptcy is a way that you can reclaim your finances if you are too deep in debt. In this form of protection, you will have to make payments to the bankruptcy trustee. These are used to pay off some of the debts that you owe.
While many states are taking a softer stance against some drugs, Arkansas still has some very harsh penalties for people who are convicted of selling them. If you are found guilty of selling drugs, you can face time in prison as well as fines.
Credit card debt can be difficult to pay off once you have a significant balance accrued. One thing that can make this even worse is that you are having to pay for the interest and possibly other charges associated with the accounts. Some Americans might look at their credit card accounts and realize that they've bitten off more than they can chew, partially because of the holidays.
Chapter 7 bankruptcy is one kind of bankruptcy you can choose if you are struggling to pay your bills and are overwhelmed with debts. Chapter 7 bankruptcy isn't the only option, but it is the type of bankruptcy most people think of when they consider entering into bankruptcy.
Now that 2019 is here, some people have already set their resolutions. For some, the goal is to become financially stable. While this is possible through hard work for some, there are others that might be so far deep in debt that there just isn't a way out without some serious help. This help might come in the form of a bankruptcy case.
It's difficult to hide the shock of reading a medical bill for the first time. What you expected to be a $500 bill might be closer to $5,000 or even $50,000, especially if you had to be treated outside your insurance company's network.