The Dangers of Debt Consolidation
Debt consolidators can seem like the answer to all of your financial problems; they roll your loans into one payment, your terms are negotiated and your monthly payment is made more manageable than before. Unfortunately, the down side of debt consolidation is that it can be a poor choice for many individuals and can even […]
A Brief History on Bankruptcy
In Ancient Greece Bankruptcy did not exist. If a debtor could not repay the money he owed, then he, his family and his own servants were forced into “debt slavery” until the creditor recovered the losses through their physical labor. While “debt slavery” is far from the bankruptcy we know, the Greeks did begin to […]
Bankruptcy Defined
The laws of bankruptcy have changed over the past ten years. Although, even with the amendments made, bankruptcy is still simply defined as a tool to assist individuals and businesses overwhelmed by debt in having a government-backed solution. This process allows either a business or an individual to regain financial control of their life by […]
Chapter 7 Bankruptcy Verses Chapter 13 Bankruptcy
Choosing to file through, and eventually traveling through the process of filing for bankruptcy can be a difficult and emotionally draining job. Although with the professional assistance of an experienced bankruptcy attorney one can make the process a bit easier on one’s stress level. The most common filings for bankruptcy are that of Chapter 7 […]
Top Three Signs You Should Consider Filing For Bankruptcy
Considering the idea that you may have to file for bankruptcy is not an easy topic to contemplate. An individual should never be ashamed of wanting to clean up their financial past and present; ready to do what it takes to move forward. So how do you know when you should consider filing for bankruptcy? […]
Bankruptcy or Foreclosure, What Should I Do?
In the current economy, there are many people who are beginning to fall behind on payments. When you fall behind on payments on your house, your mortgage lender has the right to file an action of foreclosure against you. In a way, this is similar to what would happen if you defaulted on your automobile […]
I’m a Renter. Will Bankruptcy Cause Me to Be Evicted?
The job market is very volatile right now, with the unemployment rate as high as it has been in a long time. That combined with the crash of the housing market has made it very difficult for many families to afford their mortgages as they owe much more on their home than it is actually […]
Learning to Budget your Expenses
With the economy in decline many Americans have found themselves discouraged with their finances. Slipping into debt can be stressful, but you can turn your situation around. Learning how to budget effectively can help you take control of your financial future. Most people fall into debt because they live “beyond their means”, basically spending money […]
Divorce and Bankruptcy
Divorce and bankruptcy can each create a difficult time in a person’s life. Unfortunately for some couples, financial problems are what lead them to divorce. While an impending bankruptcy and divorce can seem very overwhelming, there are a few things to know to help ease the process. First you will want to decide which comes […]
How are Attorney’s Fees Handled in Bankruptcy?
With the state of the economy it seems that everyone is either looking for work, or is not currently even making enough money to be able to pay all of the bills and expenses that are required for everyday living. It is important that during financially tough situations you have a good support system. It […]