Debt

The process varies depending on which type of bankruptcy you pursue, Chapter 7 or Chapter 13.

The better question to ask is how often can you apply for bankruptcy, and the answer depends most heavily on whether you’re seeking Chapter 7 or Chapter 13 relief.

The national debt is easier to understand than you think, and it impacts us all in many different ways.

You can use the corporate metric for your personal finances and to judge the performance of a business or investment.

A debt management plan set up by a credit counselor can give you an affordable route toward erasing your outstanding balances—but it’s not the best choice for every borrower.

Creditors will mail this form after forgiving or discharging your debt, but it doesn’t necessarily mean you’ll face a bigger tax bill.

Unfortunately, it’s not free. Here’s what to expect in terms of court, counseling and attorney fees, plus how to minimize them.

If your assets can’t cover your outstanding credit card debt, the outstanding balances could go unpaid, except in a few cases.

Debt snowball keeps you motivated to pay off your debt by providing quick wins, but it doesn’t necessarily provide the most financial savings.

Bad debt holds you back from improving your personal finances, whereas good debt can help you move forward, making investments in yourself and your future.

A high ratio could be a red flag for investors, as it shows a company has a lot of debt. But it's not always a bad sign.

The median medical school debt load surpasses $200,000, thanks to high tuition prices and interest rates.

Bankruptcy sounds scary, but what does it really mean, and is it right for you?

"Charged off as bad debt" means a lender or creditor has lost faith that you will repay an outstanding balance. Unfortunately, this mark can ding your credit score.

It's more about the types of debt you use and how much you borrow.

Filed for bankruptcy? It will stay on your credit report for seven to 10 years, but your credit score may start bouncing back sooner.

Whether you go it alone or hire a lawyer or credit counselor, follow these six steps before wading into debt collection negotiation.

If you want to borrow money, your debt-to-income ratio is the most important figure for lenders who will use it to measure your ability to handle repayments.

The country's debt has grown exponentially in the past few decades.

If you owe money and your debt payments have become overwhelming, you can negotiate a settlement with your creditors and settle for less than you owe.

Don’t lose hope if you’re mired in credit card debt. Follow these steps to get a handle on things and become debt-free.

You can pay off the plastic in your wallet using funds from a balance transfer card, personal loan or other means. But which is best for you?

The letter provides proof from a debt collector of debt that you owe, so it's important to ask for one.

There are a variety of factors to consider when seeking legal assistance to file for Chapter 7 and Chapter 13 bankruptcy.

It's easy to define debt, but actually getting out of it will take some work.