by Cardinal Law Center | Jun 15, 2022 | Debt Relife
If you’re drowning in debt and can’t seem to get out of it, it’s time to look into options for getting your finances back on track.It is usual for persons in these situations to seek relief through debt relief or bankruptcy.If you’re unsure...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Collection, Debt Relife
In the past three decades, the number of baby boomers declaring bankruptcy has considerably climbed. In 1991, only 2% of senior citizens in the United States filed for bankruptcy; today, that percentage is closer to 12%. Although declaring bankruptcy might provide...
by Cardinal Law Center | Jun 14, 2022 | Baby Boomers, Bankruptcy, Debt Relife
America’s baby boomers are heavily indebted. Less than half of them, however, prioritize reducing their debt, according to information provided by Ameriprise Financial. Furthermore, more than 30% of retired baby boomers have at least one debt in addition to...
by Cardinal Law Center | Jun 13, 2022 | Debt Relife
The COVID-19 outbreak has demonstrated how quickly finances can deteriorate. Fortunately, this will not have an impact on the number of bankruptcies filed in 2020. While 774,940 bankruptcy cases were filed in 2019, the number dropped to 544,463 in 2020, a decrease of...
by Cardinal Law Center | Jun 13, 2022 | Debt Collection, Debt Relife
In April of last year, the COVID-19 epidemic caused the country’s jobless rate to soar to 14.7 percent. By June 2021, it had reduced to 6%, although it was still significantly higher than the pre-pandemic 3.5 percent. Thankfully, the federal and state...
