You’ve found a great bankruptcy attorney, completed all the necessary steps to get your debt discharged, and taken control of your finances. After all of that, one of your old creditors calls you demanding that you make paymetns on a debt that was included in your bankruptcy.

Holy Flashback, Batman!

If the debt in question was included in your discharge, then it’s all pretty simple: they can’t… Continue reading

Essentially, you can file for Chapter 13 bankruptcy basically every four years, while you are able to file for Chapter 7 bankruptcy generally every eight years. Having said that, it is important to understand that while bankruptcy is an important and occasionally vital tool, it is a tool that should be used sparingly and sensibly.

Of course, the reason that it is legal to file for bankruptcy more

If funds are handled correctly, you can keep the money you’ve set aside for your child. The Uniform Gifts to Minors Act of the Uniform Transfers to Minors Act allows you to open an account and deposit money specifically set out for your child.. While the parent will remain in charge of these accounts until the child reaches adult age, the money put in cannot be taken back—and it… Continue reading

There has been little improvement in the foreclosure crisis.

Foreclosures are now at a record high—and expected to hit 2 million this year. It seems that companies like Bank of America and JP Morgan Chase are not prepared to handle it either. Bank of America, the largest lender in the US, had to create a special team of 8,000 people in their call center who are exclusively focused… Continue reading

In Kansas City, Missouri, a man crashed into the side of his girlfriend’s house Saturday night. As it turns out, he was running from the repo man. The repo man started to take possession of the car but the owner jumped into the car and started driving frantically, ending in the crash. No one was injured in the crash but the driver was arrested.

Wow. This story… Continue reading

After all the positive feedback I’ve gotten on my series on budgeting, I wanted to extend more tips to you. My last post involved ways of reducing your expenses—but there are a few more ways to spend a little less money in your day to day life.

Real estate tax reductions-Many states have a program to reduce your real estate tax if you are facing financial hardship… Continue reading

Now that you have increased your income as best you can, it is time to face the music and reduce your expenses. If you really want your budget to work, you’ve got to understand what will work for you. I have suggested some ideas for trimming your spending—but the decision is ultimately up to you.

Shopping is a dangerous activity for the chronic over-spender or the impulse… Continue reading

Hopefully, after reading my segment on budgeting, you have at least thought about how a budget could help you. If you have or you haven’t, today I’m going to help you make your budget all that it can be. This may even be a topic you enjoy reading about: Options for increasing your income. There is help that is built into the government for those who have fallen… Continue reading

As I performed my usual morning ritual of sipping coffee and scrolling through the latest news, I couldn’t help but notice one name all over the news: Michael Vick. His name has no doubt been newsworthy over the last few years, but what had he done this week? All of the news stories sported the same headline: Michael Vick’s Bankruptcy Had Been Approved.

In terms of bankruptcy… Continue reading