Who's Filing for Bankruptcy?

By David Smith | May 10, 2014 |

College Graduates Filing Bankruptcy at Higher Rate A report by the Institute for Financial Literacy, finds that college graduates and people with advanced degrees are filing more often. In fact, since the passage of the Bankruptcy Abuse Prevention and Protection Act, holders of higher education degrees have increased their filings by about 20 percent. Despite the rise in…

Payday Loans: Playing with Fire

By David Smith | May 9, 2014 |

Quick Fix or Burdensome Debt?– Financial Quick Sand of Payday Loans Payday loans provide a quick cash resource for many people, but more often than not, this quick fix can turn into overwhelming debt very quickly, burying a borrower in debt with massive interest rates attached. These loans are usually seen as a short-term solution for bills…

Bankruptcy and Divorce: A Common Couple

By David Smith | May 7, 2014 |

Bankruptcy and Divorce: When your divorce leaves you broke, bankruptcy can give you a fresh start! Many times bankruptcy and divorce go together. A divorce is not only emotionally draining, but separating all the debts and assets of two people gained during a marriage can lead to financial instability. In a divorce all marital property…

5 Things Debt Collectors are Prohibited from Doing

By David Smith | May 2, 2014 |

Bad Debt Collectors! Even debt collectors have to play by the rules. It’s the end of the day – you just finished putting the kids to bed, cleaned the dishes, folded a load of laundry and all you want to do is relax. Then the phone rings…. and rings….. and rings again. You know the number…