The world of Bankruptcy was different before the Bankruptcy code was amended in the late 90s. It was easier to file, easier to discharge certain debts, but more specifically, it was easier to put student loan debts into a Chapter 7. Now, according to Bankruptcy Law, you can only discharge student loans if you show your loan payment causes “undue hardship” on you and your family. What does that mean?… Continue reading

I’m sure you get tons of credit card offers in the mail just like me. They all come with tempting offers of low interest rates and no annual fees. I even am convinced to take some of them out of the envelope and read them. Ultimately, I decide against most of them. If you are having trouble “just saying no,” here are some suggestions you might want to think about… Continue reading

Having trouble developing a budget? You’re not alone. Millions of Americans try to handle their finances without listing their expenses—and get into trouble. A budget helps you establish your options, see what exactly you are spending money on, and see what you will be able to afford.

Start with a list of your total income. Include income from your job after taxes, alimony, child support, benefits, pensions, etc. Any… Continue reading