For those burdened by excessive debts, personal bankruptcy offers some relief. That relief is first felt by a court order called the automatic stay, which immediately halts all collections efforts and fines those creditors who violate it.
Here are six essential things to know about the automatic stay.

The automatic stay attaches in both types of personal [...]

In the economic recession, more people are working more hours and keeping their time—and their earning—to themselves.
While seemingly everyone is feeling the effects of the downturn—with stock portfolios down and personal bankruptcy filings up—perhaps those most affected are charity organizations.
According to a report by non-profit newspaper Philanthropy.com, 80% of charity officials say their organizations are [...]

Job-hunting in the internet age certainly has its advantages. You can search job boards, send resumes, and even interview from the comfort of your home. Whether you are looking for a career change, hoping to end your unemployment, or trying to find a second job when facing personal bankruptcy, there are plenty of jobs to [...]

While the state you live in may not directly determine whether or not you will file bankruptcy, it may increase the odds of you knowing someone who will. Whether due to unemployment levels, the bankruptcy means test, or just plain luck, some states have higher rates of personal bankruptcy.
Based on data supplied by Bankruptcy-Statistics.com on [...]

It’s a concept that many weary consumers can’t even imagine: mortgages and credit card applications so straightforward that they make up just a single page.
This was the Obama administration’s vision this summer as officials talked about possible plans for regulating the country’s financial sector in the interests of consumers.
One cornerstone of the current plan is [...]

If you’ve ever been in a relationship, you know that couples argue about money. Money issues are cited by relationship experts as one of the main things couples argue about, and one of the leading factors contributing to divorce.
Trying to figure out why certain couples argue about money is like trying to figure out why [...]

A House bill may give more than 1 million jobless Americans an extra 13 weeks of unemployment benefits. The bills is expected to pass the House vote today and make its way to the Senate, according to CNN.
The bill will extend benefits in states with unemployment rates exceeding 8.5%—which includes 27 states plus Washington, D.C. [...]