“Federal and state collection laws prohibit abusive collection tactics but the reality is that a lot of bill collectors do not follow these laws and will make your life miserable by harassing you for payment.” IF you are delinquent on your debts, you may be able to avoid dealing with the bill collectors for a…
WHEN your financial circumstances are forcing you to declare bankruptcy, it is one way of dealing with debts that you can no longer manage on your own. Of course, the decision should not be taken lightly and it is best to consult with an experienced bankruptcy attorney to see if it is best for your…
“ When you are overwhelmed with debt problems, the situation becomes even more challenging when you have a family that you are supporting. Your paycheck may not even be enough to pay for basic living expenses like mortgage payments or rent, food, clothing, etc., let alone pay your monthly debt obligations.” ARE your debt problems…
THE government announced last week that it was extending the application deadline to apply for relief under MHA (Making Home Affordable Program) but only through December 31, 2015. Thus, for homeowners who are still struggling to keep their homes due to unaffordable mortgage payments, this presents a limited-time opportunity. Home values are also starting to…
IF YOU are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average consumer. The truth is that every situation is different and what may work perfectly for others is not necessarily going to work the same way…
FILING Chapter 13 bankruptcy is often a last resort for people in foreclosure when no other options exist. A lot of homeowners usually put off making this decision for a long time until they find themselves backed into a corner with no way out. Most of the time they’ll attempt to do a loan modification…
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit cards, medical bills, personal loans, taxes, late mortgage payments and property taxes- all kinds of debts) due to insufficient income, don’t despair. Chapter 13 may…
FOR a lot of people, financial concerns can be their number one cause of stress. We are living in difficult financial times and a lot of people are worried about how they can get by from month to month. But worrying doesn’t really solve anything. If you feel that your finances are out of whack,…
YOUR debt problems may be undeniable. You know they are there and they will not go away until you do something about them. Perhaps at some point, you took the first step towards a resolution but failed to follow through. This week, I received a frantic call from a woman who found out that her…
Are you currently overwhelmed with debt problems that you can no longer handle on your own? Thinking about filing for bankruptcy but are afraid to make a decision? Do you feel stuck and paralyzed in your situation, unable to take any action? Maybe just thinking about your situation gives you this sick feeling in your…
FACING serious debt problems can be depressing to a lot of people. It may seem like the end of the world. You may feel angry, depressed, guilty- or a combination of all three. You may even be blaming yourself for making the decisions that led you to your present situation. I’m here to tell you,…
I KNOW that the current economy has caused a lot of financial problems for a lot of people. Most families are struggling financially every month and are living paycheck to paycheck. Chances are you know someone who is perhaps facing foreclosure because they can’t even afford to pay their mortgage. Maybe they’ve lost their job….
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit cards, medical bills, personal loans, taxes, late mortgage payments and property taxes- all kinds of debts) due to insufficient income, don’t despair. Chapter 13 may…
FILING Chapter 13 bankruptcy is often a last resort for people in foreclosure when no other options exist. A lot of homeowners usually put off making this decision for a long time until they find themselves backed into a corner with no way out. Most of the time they’ll attempt to do a loan modification…
LIKE most people, you’ve worked hard and have done your best to pay all your bills on time. But in life, at one time or another, all of us get into a situation where debt can be overwhelming. Money problems can easily overlap into other areas of our lives. Many people feel hopeless and powerless…
DO you dream of simplifying your life, reducing your stress and regaining control of your financial future? Everyone dreams of living a debt-free life and yet we know that today, so many people are drowning in debt that they don’t even sleep well at night. If you are one of these people, perhaps you are…
YOU already know that your home is in foreclosure. You’ve received that dreaded Notice of Default. You know that after 90 days, your home can be scheduled for a Trustee Sale. You don’t have a lot of time left. Your home with all its memories, hopes and dreams will be gone. What are you going…
ARE your debt problems putting your family’s welfare at risk? No one ever wants to be in this situation but I see it every day in my work as a bankruptcy attorney. When you are overwhelmed with debt problems, the situation becomes even more challenging when you have a family that you are supporting. Your…
HAVE you ever faced a situation in your life where you needed help so badly but you were just too afraid or embarrassed to ask for it? Perhaps you felt confused and overwhelmed with the problem that you spent sleepless nights trying to figure out what to do. As a bankruptcy attorney, over the years…
A CLIENT of mine said he never saw it coming. Everything he ever wanted in life, he always purchased on credit. The “pre-approved” credit cards just kept coming in the mail and he never said NO to any of them. Buy now and pay later, why not? As long as they allow you to pay…
When debts spiral out of control, bankruptcy can become an invaluable financial recovery tool in stemming the tide and getting you back on the right track. While it’s not for everyone, more than 1.5 million people every year find it to be their only hope of getting a fresh financial start. Debt problems can be…
We are now living in the worst economy since the Great Depression. With millions of people being unemployed and struggling with foreclosure, debt problems have become common. Of course, debt is a very personal matter so most people don’t talk about it. You may not realize this but chances are that someone close to you,…
IF YOU are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average consumer. The truth is that every situation is different and what may work perfectly for others is not necessarily going to work the same way…
IMAGINE how frustrating this could be. You anxiously waited for months and months for your lender’s response after submitting your loan modification request. After countless hours of frustration on the phone, being put on hold, and the tedious task of compiling, completing and faxing tons of paperwork, you feel that you’ve done your part. Perhaps…
IF you are facing the prospect of filing bankruptcy for the first time in your life, it could be a frightening process. I bet you have a thousand questions going through your mind right now. Is bankruptcy the right thing to do or will it only make my situation worse? Will I lose everything that…
FOR about 150,000 homeowners with a second mortgage held by Bank of America, it seemed too good to be true. In the last couple of months, a lot of my clients received letters in the mail saying that their second mortgage is being automatically forgiven and wiped out. And they don’t even have to do…
“HOW can I pay my creditors when my income is not even enough to cover my basic living expenses?’. This is a question that I hear everyday from people in my bankruptcy practice. We are living in tough times. Some people resort to more borrowing to make up the shortage in income. So they are…
ARE you struggling with debt problems? Are you doing your best to pay but simply can’t? Have you thought of filing bankruptcy but are afraid that this might not be the right solution to your problems? Filing bankruptcy is a personal decision that should be taken seriously. Whether or not it is necessary for you…
A LOT of people end up filing bankruptcy when they get to the point of feeling hopeless about their financial problems. Despite what others may think, there is no shame in needing a second chance to secure your financial future. Bad things can happen to good people as the saying goes. Sometimes, people simply make…
CONTRARY to what others may think, the majority of people who file for bankruptcy are honest, hard working people who simply need to get a fresh financial start. Because life is not perfect, there are times when we are so way in over our heads in debt that filing for debt relief becomes unavoidable. Filing…
