Filing bankruptcy is not an easy decision. There are several bankruptcy chapters in the bankruptcy code which may be daunting for someone faced with financial challenges. If you are considering bankruptcy, it is wise to seek legal advice so that one can make a sound decision to get out of debt. A bankruptcy lawyer is [...]
What is Bankruptcy? Bankruptcy is the legal process in relation to persons or businesses who cannot afford to pay their remaining debts. The Bankruptcy laws are designed to help debtors unable to pay their outstanding balances and help the creditors get relief from whatever kind of assets the debtor has no need for. Bankruptcies are [...]
Many credit card companies tell consumers that bankruptcy only happens to people who have no control over their spending, making them misuse their credit cards, but this is pure myth. Bankruptcy lawyers can attest to that, having clients who have filed bankruptcy cases for various reasons. A debtor can come from a wide range of [...]
Cosigning on a loan is not unusual. In fact, cosigning is a common way to help someone with less than perfect credit. Often, it is a family member or a close friend. People cosign for different types of loans (car, mortgage, or student loan). But, did you know that when you cosign on a debt, [...]
Being in debt is stressful, especially when you are being contacted by creditors. You may be wondering what the statute of limitations can mean for your existing debt. What is a Statute of Limitations? A statute of limitation is a deadline to file a lawsuit that is applied to agreements like written contracts, credit card accounts, [...]
Are you worried about your finances after the holiday season? If so, you are not alone. For many, there is pressure to "go big or go home" when it comes to gift giving. According to a poll conducted by CreditCards.com, 61% of people with existing credit card debt are willing to go into more debt [...]
Last week we discussed how your child's identity could be at risk for theft and ways to keep your child's identity safe. Below is a sample letter that you can send to the Credit Bureaus if you believe that your child has been a victim of identity theft. Things to Remember: Send via certified mail with [...]
Did you know that identity theft can happen to your child? According to the FTC, a minor's identity is also at risk for thieves. In fact, a child's identity is appealing, since it is less likely that anyone is actively monitoring their identity or credit report. So, What Can You Do? The best way to [...]
The holiday season can be stressful. This is especially true if you have received a court judgment against you from a creditor. If so, you are probably worried about your wages being garnished or a bank levy being placed on your accounts. What is a Bank Levy? The bank levy process begins when when a [...]
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