Despite being a legal and beneficial process, bankruptcy continues to carry significant social stigma, especially among those who might benefit from it. Many people seem afraid to file for bankruptcy, as they think it will have nothing but negative consequences for...
Debt reorganization can help overwhelmed consumers
Louisiana consumers may find themselves overwhelmed by debt for many different reasons. One of the consequences of owing a significant amount of debt is the possibility of losing personal property, such as a home, as a result of the efforts of debt collectors. Those...
Could credit card debt lead to jail time?
Many consequences can affect a Louisiana consumer’s life when he or she is unable to meet financial obligations. This is particularly true for individuals who have a significant amount of credit card debt. In addition to accumulating interest and growing balances,...
Medical debt creates additional struggles for patients
When a sick or injured individual needs medical attention, the primary concern is about getting the right type of help as soon as possible. Weeks or months after getting care, a patient and family may be dealing with a new kind of struggle as the bills start to come...
Will you lose your stuff if you file for Chapter 7 bankruptcy?
There are many fears and misconceptions that keep people from moving forward with a bankruptcy filing. Even those who are struggling with unmanageable debt may fear this process because they assume it means they will lose all of their property. In reality, bankruptcy...
Should you apply for a credit card forbearance program?
When a Louisiana consumer is unable to meet monthly financial obligations, it can eventually lead to overwhelming balances. Because of accumulating interest, this is especially true for unpaid credit card bills. After falling behind, it can seem impossible to catch...
Surprise medical bills can overwhelm consumers
Even with insurance, health care is expensive. It is common for a patient to leave the hospital after a necessary surgery or treatment for a medical concern to start receiving bills within the next few weeks. In fact, surprise medical bills are a growing problem for...
