Credit Card Debt
Credit Card Tips: Be Smart With Your Credit Cards
Set Yourself Up for Credit Success with 6 Credit Card Tips Credit cards are viewed as a necessity of modern life, and by following a few credit card tips, they do not have to be viewed as a necessary evil. As a bankruptcy attorney, I often see the problems that arise from the misuse and…
Read MoreBankruptcy: Pre-filing Do's and Don'ts
Pre-Bankruptcy Do’s and Don’ts If your bills are pilling up and creditors are continually harassing you, but you are not sure that you will have to file bankruptcy, there are some Do’s and Don’ts which may protect some of your property if you do eventually file. DO Continue making payments on vehicles which you intend…
Read MoreDebt Consolidation vs. Bankruptcy
Debt consolidation is not the only option – think before you sign! Debt consolidation is unfortunately an option many bankruptcy clients have exhausted in their search for financial freedom, prior to seeking bankruptcy advice from an experienced bankruptcy attorney, but it shouldn’t be. Debt consolidation is the combining of all unsecured debt by a company who is paid by…
Read MoreWho's Filing for Bankruptcy?
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…
Read More341 Creditors Meeting: A Debtor's Visit to Bankruptcy Court
In every bankruptcy, the debtor is required to visit the bankruptcy court for the 341 Creditors Meeting. The “meeting” is a hearing conducted by the bankruptcy trustee so they may ask the debtor questions about their financial condition. It is called the 341 Meeting of Creditors because the debtor’s creditors may also appear and question the…
Read MoreBankruptcy and Divorce: A Common Couple
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…
Read MoreHappy Mother's Day! — Show Mom you care without breaking the bank.
Make Mom proud this Mother’s Day! — (make responsible decisions about your money) Every Mother’s Day I try to figure out a really special gift for my Mom, which is no easy task because she always tells me the same thing, “Honey, I don’t need anything – I’d rather you just save your money.” She…
Read MoreMedical Bills: Discharging Medical Debt
When medical bills make you sick, file for bankruptcy! With many Americans out of work, and therefore without health insurance, medical debt can put many families in a financial bind that is impossible to get out of. A 2009 study by Harvard researchers found that 62% of all personal bankruptcy filed was because of financial hardship…
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