Most people dread paying their bills, but it's a part of life. We all try our best to pay our bills on time and to pay them to the fullest extent. However, it's not always feasible to pay those bills when the company asks for it. There may be times when bills go...
Bankruptcy
The dangers of hiding assets during bankruptcy
Most of our critical assets are at risk during a financial crisis, including your home, your cars and any of your sentimental possessions. You may even try to take drastic measures to ensure you maintain your possessions. However, if you are pursuing bankruptcy, it's...
Debtors’ “Uncooperative and Argumentative” Behavior Merits a $5,000.00 Sanction
A recent decision by the Sixth Circuit United States Court of Appeals based in Cincinnati shows that debtors who refuse to comply with legitimate discovery requests run the risk of significant sanctions. In the case of In re Lane, No. 20-5399 (December 22,...
Can my salary inhibit my eligibility for bankruptcy?
Bankruptcy is usually deemed as your last resort - the only option to save you from drowning in debt. However, bankruptcy is an incredibly common option for most families and adults who are struggling with their finances. You don't have to be in dire circumstances to...
Can you lose retirement savings by filing for bankruptcy?
Fear of the unknown is a powerful motivator for many people. For those overwhelmed by massive debt, many are afraid they’ll lose everything they own when filing for bankruptcy, including retirement savings and even Social Security benefits. That fear often leads them...
Business and Bankruptcy: the benefits of a workout
When most people think of the benefits of working out, their minds go to physical health and fitness. They imagine weight loss, lower blood pressure, longer lifespan and overall better health. However, there are other types of workouts with huge benefits. For a...
Debt collectors start using social media for contact
Debt collectors are intimidating to most people because they rely on invasive techniques to receive payments or funds from certain customers. For extreme collectors, they may even resort to improper fear tactics to receive the payment they want. And now, the Consumer...
INCREASE IN BANKRUPTCY COURT FEES GOES INTO EFFECT DECEMBER 1, 2020
Bankruptcy Courts across the country are increasing their filing fees effective December 1, 2020. Here is a sample of some of the more common fees that will increase: For filing an amendment to the debtor's schedules $31 $32 Search of record or indexes $31 $32 For...
Does business-related debt affect my personal finances?
For many entrepreneurs, there is a thin line between your personal finances and your company accounts. However, it begs the question if that means that business debt becomes your personal problem? The answer is complex due to how you structured your business and how...
Setting up a budget for a home
Buying a home is one of the biggest purchases you make in your entire life. It usually requires in-depth planning and budgeting in order to maintain the right house in your right budget. However, it's still challenging to determine what is affordable for you. There...
