NO one ever likes to talk about bankruptcy. However, it’s simply a fact of life. Things happen. Whether it’s losing your job, going through a divorce, having huge medical bills that you can’t pay – or sometimes simply making poor financial decisions- any of these can lead to bankruptcy. It’s a scary thing to a…

WHEN people think of bankruptcy, oftentimes they think of the worst thing that could happen to them — losing their home, cars and other assets that they have. The truth is that most people who file bankruptcy lose nothing and keep everything. Not all bankruptcies are the same. For individuals, it is usually either a…

ARE you seriously in debt and don’t know what to do about your situation? Are you afraid that unless you do something about it, thing will just continue to get worse every day? When people are going through financial difficulty and are unable to pay their bills, their first reaction is often to ignore their…

AS a bankruptcy attorney, I am often asked: “How will filing bankruptcy change my life?” I think people ask this question because of the negative things that they may have heard about bankruptcy from their friends, family, co-workers, and neighbors. They think that a bankruptcy means that they will be forever looked upon as outcasts…

A person who files bankruptcy does not automatically lose everything they have, contrary to what some people may believe. Because the concept behind bankruptcy is to give the honest debtor a fresh financial start, the law allows you to keep certain assets necessary to that end. Hence, you have “exemptions” available under the law that…

ARE you worried about your future due to having too much debt? You’ve probably heard the saying, “The failure to plan is a plan to fail”.  And yet so many of us don’t realize how we so easily neglect to plan for our financial future. Ask a few people you know what kind of financial…

FACING difficult financial times can be a frightening thing for a lot of people. When bill collectors are hounding you, at some point, you realize that something must be done but you just don’t know where to begin or where to go for help. Often, options can also be confusing unless you get the right…

ARE you struggling to pay your debts every month, especially your credit cards? Do you barely have anything left to pay your mortgage, rent, food, and other basic living expenses after you make your monthly debt payments?  Do you want to lower your payments and make life a bit easier? One type of relief under…

YOU’VE just been sued for a credit card debt after you’ve had trouble paying what you owe. After several months of getting harassing phone calls that you were ignoring because you didn’t have the money, now they’ve finally sent you court papers. What do you do? Should you file bankruptcy or are there other options?…

ARE you having problems paying your debts? Are creditors calling you day and night threatening you with a wage garnishment, repossession, or foreclosure? Are you starting to feel hopeless and depressed about your situation and don’t know where to turn for help? We are living in tough financial times. Economists are foreseeing a recession right…

WHEN debts become unmanageable, bankruptcy can become an invaluable financial recovery in helping regain control over your finances. Without the “fresh start” that bankruptcy provides, it would be impossible for a lot of people to ever pay back what they owe, and they will simply remain stuck in debt with nowhere to go. If you’ve…

Running a small business can have its perks although it’s often an all-consuming endeavor. The owner often has to wear many hats – from being a marketer, manager, and yes, including the often most dreaded role of all – managing the finances of the business. The sad fact is that many businesses struggle, no matter…

I AM often asked the following questions: When does filing bankruptcy make sense? How much should I owe in order to justify a bankruptcy filing and have that on my credit record? My answer to these questions is always the same: Whether or not bankruptcy is advisable for your situation will depend on your specific…

ARE your finances stressing you out? 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…

IF you are in debt and are seriously considering bankruptcy as an option, I am sure a lot of thoughts are going through your mind. I just want to get out of debt and start over but how quickly can I recover from bankruptcy? What are the different types of bankruptcy available? How do I…

IF you’ve ever had to file bankruptcy in the past for whatever reason, you probably told yourself that hopefully, you never have to do it again ever. But sometimes you never know where life takes you and if you ever find yourself in a financial bind where bankruptcy becomes necessary again, fear not. It is…

Are you seriously in debt and don’t know what to do? Individuals who have accumulated excessive debt are often left to ponder whether bankruptcy is their only realistic way to get out of debt. However, they hesitate to do so because of all the negative things they’ve heard about bankruptcy. Sometimes, these people feel that…

TOUGH financial times caused by the pandemic are pushing strapped consumers over the edge. Delinquencies and balances on delinquent credit cards are on the rise again. Faced with layoffs and difficult economic times, a lot of people are resorting to use of their credit cards to pay for basic living expenses such as food and…

AS a bankruptcy attorney, I am often asked: “How will filing bankruptcy change my life?” I think people ask this question because of the negative things that they may have heard about bankruptcy from their friends, family, co-workers, and neighbors. They think that a bankruptcy means that they will be forever looked upon as outcasts…

A LOT of people who are contemplating bankruptcy as a solution to their debt problems often wonder if it can be avoided at all. They fear that they might be making the biggest mistake of their lives. If you are struggling with debt problems and are starting to feel hopeless about your situation because you…

I remember the story of a poor, old beggar who died one day – and to everyone’s surprise, a money belt found wrapped around his waist contained thousands of dollars in cash. Apparently, he had found the money belt while digging through trash, decided to keep it but never really opened it.  Thus, he lived…

ARE you facing a mountain of debt and don’t know what to do in order to avoid getting buried? Debt problems can wreak havoc on your personal life in many ways. And left unsolved, they can spill over into other areas of your life, causing problems not only at home but maybe even at work…

ARE you thinking of hiring a debt settlement company to help you solve your debt problems? Before you do, maybe you should read this article as it could save you a lot of money and frustration. One reason many consumers hire a debt settlement company is because their debt amounts have become simply unaffordable to…

DO you have sleepless nights worrying about your credit card debts?  Are you feeling hopelessly trapped with no way out? If you are up to your eyeballs in credit card debt and have no way of paying back what you had borrowed, a lot of things may be going through your mind at the moment….

I WAS in line at the grocery store the other day and noticed the man in front of me smiling and looking at me as if he wanted to say something. I only had a couple of items in my hands, so he proceeded and asked: “Do you want to go ahead of me?” I…

According to a new report, the number of seniors filing bankruptcy is increasing rapidly. The average senior who files bankruptcy these days owes approximately $17,390 according to the report (although I have to say that most seniors who come to me for debt help actually owe a lot more!). Some of the reasons mentioned are…

MANY people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no apparent way out. For some, job loss sent them into a downward spiral, and they are now unable to pay their bills and meet their obligations. For others, a recent divorce or costly medical emergency drained their…

I’VE been asked this question a few times lately, so I decided to write an article on it. If you have filed bankruptcy before, you may be wondering whether it’s possible to do it again. Generally, the answer is that you can file bankruptcy as often as needed BUT subject to some limitations such as…

I remember the story of a poor, old beggar who died one day- and to everyone’s surprise, a money belt found wrapped around his waist contained thousands of dollars in cash. Apparently, he had found the money belt while digging through trash, decided to keep it but never really opened it.  Thus, he lived the…

I remember the story of a poor, old beggar who died one day- and to everyone’s surprise, a money belt found wrapped around his waist contained thousands of dollars in cash. Apparently, he had found the money belt while digging through trash, decided to keep it but never really opened it.  Thus, he lived the…