An experienced Bankruptcy attorney will tell you it’s a good idea to keep one credit card even after filing bankruptcy, you may ask why? This is because a cash-only existence doesn’t always provide for emergencies. I usually recommend my clients get one credit card to use responsibly after they receive their discharge.

That means for regular, necessary expenses and emergencies only (as I have often explained to… Continue reading

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

It really is a small world. If you have found yourself in need of a bankruptcy attorney’s services it’s possible that not all of your assets are in the United States. Foreign bank accounts or assets are going to be important to disclose to your bankruptcy lawyer.

When you meet with your bankruptcy attorney, they will have you list all of your debts and assets. This is the sort… Continue reading

We knew it would happen and now we know when. Bank of America has started foreclosure proceedings this week for 23 judicial foreclosure states. Which states are being affected?

Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin

Now, it is only a matter of… Continue reading

With each day, week or month that passes by, your creditors will probably find a new way to kick it up a notch. That could result in wage garnishments, harassing calls, or even a lien on your home. You may be thinking that a lien doesn’t sound as bad as some of the other things you’ve suffered from your creditors. Unfortunately, a lien isn’t just a piece of paper—if your… Continue reading

With each day, week or month that passes by, your creditors will probably find a new way to kick it up a notch. That could result in wage garnishments, harassing calls, or even a lien on your home. You may be thinking that a lien doesn’t sound as bad as some of the other things you’ve suffered from your creditors. Unfortunately, a lien isn’t just a piece of paper—if your… Continue reading

Wait just a minute! Taking money out of retirement funds could be highly detrimental to your financial future—and won’t necessarily get you out of debt! Here are three reasons that taking money out of retirement funds to get credit card debt help or help with your other debts might be a bad idea:

1. Taking out the money to make minimum payments won’t really help you. Making minimum

Bankruptcy is a trying time for everyone affected. When it comes to filing Missouri or Illinois bankruptcy, the first and most difficult decision you’ll make is deciding that you’re in financial trouble.

The second hardest then is deciding which St. Louis bankruptcy attorney you will choose to file your bankruptcy case. But, make sure you pick the right lawyer. While it is easy to find the cheapest attorney

Bankruptcy isn’t the monster that it might appear to be. When you have an amount of debt that holds you and your family back, it might be hard to imagine that anyone else understands what you are going through. But, over 2 million Americans who have experienced the same thing have filed for bankruptcy in 2009, and even more are expected to file in 2010. In fact, some of the… Continue reading

1,200 state trial judges from all parts of the United States were recently surveyed by the ABA Coalition for Justice and the results are making a huge statement to litigants everywhere. The survey was centered on the increased number of people who are choosing to represent themselves in legal matters.

While we all are acutely aware of the effects the economic downturn has had, it is still… Continue reading