Bankruptcy Help For Single Mothers

Bankruptcy is typically viewed as a “last resort” option, but for many people in debt, bankruptcy can be the right choice to help them with their debt. Learn more about bankruptcy in this section and whether it can help you.



Bankruptcy Discharge Information You Must Know

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Depending on what type of bankruptcy the single mom is involved in, the bankruptcy discharge will vary. The discharge is the permanent order that prohibits creditors from trying to collect on debts that were covered in the bankruptcy case. Personal contact, telephone calls, and letters and legal action against the debtor are all prohibited once [...]

Is Bankruptcy Negatively Affecting Your Kids?

Thumbnail image for Is Bankruptcy Negatively Affecting Your Kids? May 19, 2011

As the single mom copes with all of the stresses that have led up to her decision to file for protection by declaring bankruptcy, she has to remember that the kids have noticed that something is going on whether they have asked questions or not. Many parents feel that financial matters are best hidden from [...]

Emergency Credit Needs During Bankruptcy Troubles

Thumbnail image for Emergency Credit Needs During Bankruptcy Troubles April 21, 2011

Filing for a Chapter 13 bankruptcy may protect you from having to deal with your creditors as you work to fulfill your payment schedule that was set up for you. Unfortunately, there is no such thing as being protected from other catastrophes that befall the life of the single mom. You understand that you can’t [...]

Foreclosure vs. Bankruptcy – What’s the Best Option?

March 22, 2011

Did you know that a bankruptcy does less damage to your credit report than a foreclosure does? Many lenders see a bankruptcy as an option a person takes to catch up with their debt by restructuring it, giving them time to repay. This was the intention of the bankruptcy laws in the first place. Huge [...]

Student Loan Discharge is Ugly But Possible

February 14, 2011

A single mom who is struggling with the added burden of trying to pay off student loans may seek protection from this huge debt in bankruptcy. Proving that paying off the loans is causing an undue hardship on her and her dependent children may allow the debt to be discharged, but it depends on how [...]

A Bankruptcy Stay

Thumbnail image for A Bankruptcy Stay February 11, 2011

A financial crisis is a difficult situation for the single mom to navigate. Collection calls at home or at work can be stressful and embarrassing. Threats of lawsuits by creditors or notices that legal action has already been started can cause panic for the single mom who is already overwhelmed trying to make her budget [...]

Chapter 13 Bankruptcy and Home Foreclosure

February 2, 2011

Homeowners have been hit hard by the current financial crisis. Many house holds with more than one wage earner have a hard time paying off their mortgage and face losing their homes to foreclosure. For the single mom trying to support her family with only one income, the danger of falling behind on mortgage payments [...]

Is Filing For Bankruptcy My Only Option?

January 25, 2011

Filing for bankruptcy can’t solve all your financial problems but it could help you keep your home and your other assets while at the same time letting you get your finances under control for the future. Anyone who does a background check on you, including a credit report, will see that you filed for bankruptcy. [...]