The Debt Phoenix - Rising From the Ashes of Debt and Bankruptcy to Financial Freedom

Is Bankruptcy a Catastrophe or a Big Relief? Dealing with Debt and Resolving it Now… Sometimes it’s hard to fully understand bankruptcy when you are going through the situation yourself. When you’re actively dealing with a big debt problem, it always feels like a catastrophe and that you are a total failure. I know for […]

While many people think of debt as being a bad thing, this is not always the case. Some debts are brought on by careless spending and can lead to problems for a person. Some debts, considered good debts, are those that are needed for big purchases such as a home. This kind of debt brings […]

Getting into debt takes very little effort on a person’s part. Paying off debt once it has amassed tends to be extremely difficult. Individuals often underestimate how much they will pay in interest and other fees and find they are in over their head in little time. For this reason, numerous people in their twenties […]

Debt collections is often much more mentally and psychologically challenging than the actual collections themselves. Let’s take a look at a variety of ways to handle this mental challenge. Take a Long Term View The first step to realize is that your debt situation is a passing thing.  It WILL be resolved someday. It is […]

One of the scariest things you may encounter when you are considering a bankruptcy or you are in a tough debt situation is the endless calls from debt collectors. At my peak, I was getting over 28 calls per day from debt collectors. That’s a lot of stress and can cause you a lot of […]

One of the things that you may be most concerned about when you are considering filing for Chapter 7 bankruptcy is whether you should reaffirm your debts or not. Usually people think like this when they are worried about losing something, like a car or a house, or they want to start rebuilding their credit […]

One of the things that people considering filing for bankruptcy are most worried about is what is going to happen to their car. In other articles I talk about the different options you have to both keep your car or to abandon it if it is upside down (you owe more than it is worth). […]

One question that comes up a lot is: Should I get credit cards as soon as my bankruptcy gets discharged so I can rebuild my credit? Here Are The Reasons You May NOT Want to Get Credit Cards Immediately After Bankruptcy Discharge If your bankruptcy was due to being irresponsible with money and running up […]