I have loads of student loans and currently do not have a job. I worked for several years out of college but barely had enough to repay my student loans. Of course now I have also accrued some significant credit card debt. I am looking for a job in my field but am having some trouble. Is bankruptcy a good option for me? Bankruptcy appears to be an option for you but may not be your best solution, especially if your primary concern is your […]
Tag Archives: Bankruptcy
Hiding Behind the Corporate Veil?
I own a business that performed services for a company. The company was actually a one-man operation. Shortly after we completed our work, that company filed for bankruptcy. They owe us over $15,000 now. The company was always just operated by one person and I think he was the company’s only employee. I think he had to know when we did the work that he might be heading for bankruptcy. It is early to tell, but it looks like there will be little to no […]
When is declaring bankruptcy the best option?
My husband and I have accumulated a fair amount of debt over time. In the past, we have been able to make various payments on the debt, but now my husband recently lost his job, and we are struggling to keep afloat. Should we consider bankruptcy? Whether to file for bankruptcy is not an easy decision by any means. The idea of seeking bankruptcy often gives many people great anxiety. However, sometimes everyday circumstances — such as the loss of a job — occur that […]