29 June 2015
With the economy taking a downturn over the last few years, many homeowners are finding themselves facing foreclosure. Whether it be because of a reduction in hours, divorce, job loss, or a death in the family, the thought of foreclosure is scary. If you are struggling to keep up and worried that you might lose your home, there are a few ways you can get back on your feet. It might be time to get on the phone and ask the bank what options they can offer you.
23 June 2015
Whether you made the decision to file for bankruptcy hastily or you simply do not like the idea that you could lose some of your property, you might not be able to dismiss your case. There are special circumstances that govern if you can. Who Can Dismiss Your Case? When you file, there is no guarantee that your case will follow completely through the bankruptcy process. At any time, the court can dismiss your case.
22 May 2015
Living with a chronic illness, condition, or injury can make it impossible for a person to hold down a job and work full time hours. Many families cannot make ends meet when one adult is unable to work, especially if there are medical bills to be paid. Social Security disability benefits were designed to assist the Americans who are in this position by providing supplemental income each month. Disability benefits typically depend on how long you have worked and how much money you have paid into Social Security over the years.
7 April 2015
If you've recently received a notice that one of your business clients has filed for chapter 11 bankruptcy, you might be wondering what this means to you--especially if this client owes you money. How can you ensure that you're eventually repaid? What steps do you need to follow in the meantime? By knowing what to do and what not to do when you receive such a notice about one of your clients, you can ensure the situation is handled properly.
6 April 2015
Life can throw you several challenges, one of which is dealing with finances. Luckily, you have a couple of ways to handle this issue if you take the time to plan and evaluate your situation. Once you have significant information, you can then decide on the best course of action for dealing with your financial problems. Credit Counseling Credit counseling is a good option for evaluating your financial situation. To begin, a credit counselor looks over your finances and then helps you create a workable budget.
31 March 2015
If you are struggling financially, you may consider filing for bankruptcy. It is never an easy decision to make, as bankruptcy is a drastic move. However, the result can be that you're finally back on financial track and the opportunity for a fresh new start. This article will give you a good idea on how Chapter 13 bankruptcy works and what you need to know before taking the next step. Retain Your Assets
25 March 2015
If you're currently undergoing a bankruptcy or considering one, there are a few financial moves that you should avoid. Your entire financial history will be under intense scrutiny throughout the process and there are certain things that could be considered red flags. 1. Selling Any Large Assets to Anyone You Know When you're declaring bankruptcy, you're often in a tight financial situation. You may feel as though you need to sell an item for money and it may be more convenient to sell the item to a friend or family member.
20 March 2015
Debt can be a crushing financial obligation that prevents you from enjoying life and growing as a person. Luckily, bankruptcy protections can alleviate many of these problems by canceling or restructuring most of your debts. However, there are many types of bankruptcy protections, but Chapter 7 bankruptcy is among the most common because it is extremely friendly towards the debtor. Yet, most people do not possess the formal training or experience to understand the nuances of bankruptcy law.
18 March 2015
If you are having some type of financial difficulty and feel as though you may be at the end of your financial rope, you may want to consider filing for bankruptcy. While bankruptcy is a drastic move, it is one that can give you a fresh financial start. There are a couple of different types of bankruptcy you can file, and it will be beneficial if you discuss this possible decision with a bankruptcy attorney before you make the move to file for bankruptcy.
18 March 2015
If you've recently had your eligible debts discharged in a Chapter 7 bankruptcy, you may be relieved at the thought of no longer receiving threatening phone calls, voicemails, or letters from your creditors. However, in some situations, you may find yourself receiving these communications months (or even years) after your bankruptcy has been finalized. What can you do to quash these contacts and prevent further damage to your credit report? Read on to learn more about what causes some creditors to continue to contact you after your debt with them has been vacated.