When you apply for a credit card or when you apply for a loan, the lenders look at your debt-to-income ratio. This is a major factor in your credit score. If you are currently struggling with debt and considering bankruptcy, your debt-to-income ratio is an important...
Why is there a “presumption of abuse” in Chapter 7 bankruptcy?
One of the most intimidating terms in personal or business finance is bankruptcy. The word alone carries a stigma Chapter 7 bankruptcy includes a presumption of abuse. There is often a misunderstanding of what that means. It means the filer is not able to meet...
