Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Usually, when you file for bankruptcy, the court will issue a stay that stops collection efforts. However, bankruptcy may not ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Many people believe they will walk away ...

Applying for bankruptcy involves several crucial steps. Firstly, determine if bankruptcy is the best option for you, considering its impact on your credit score and assets. Consult with a financial ...

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Many debtors confuse dismissal with discharge, so it’s essential to check your paperwork to understand your status before attempting another filing.

While debt settlement can reduce the amount of money you owe creditors, you could be liable for taxes on the canceled debt—but it depends on the type of debt.

Debt settlement and bankruptcy are drastic solutions for serious financial problems. Most consumers who qualify for Chapter 7 are better off choosing bankruptcy. Debt settlement can be a better option ...

Debt consolidation and bankruptcy are strategies to relieve debt, but the effects are radically different. Bankruptcy can give you a fresh start by restructuring your debts or liquidating some of your ...

If you're overwhelmed by student loan debt and can't make ends meet, you may be wondering if you can file for bankruptcy on student loans. The truth is that federal and private student loans ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...