MOST debt problems don’t go away and solve themselves. They are there when you go to bed at night, and they’re still there when you get up in the morning. They can cause a lot of ulcers, sleepless nights, stress and even physical sickness. As a bankruptcy attorney for the last 22 years, I have…
THIS has got to be the BEST NEWS for homeowners who are filing for bankruptcy to get out of debt! Given the huge job losses and high unemployment rate that have left many unable to pay their debts, this may be the biggest change in the law that can help many people protect and keep…
HAVE your credit card debts become so large that you can’t even afford the minimum payments? Or perhaps you’re already behind and your accounts have been turned over to collections? What do you do to get out of this financial mess? If you are in this situation, maybe you’ve wondered about what the legal repercussions…
THE word “bankruptcy” is packed with all sorts of negative emotional triggers. It sounds bad — even dirty. It’s embarrassing. (What if people find out?!) People paint ugly pictures of what their lives will look like post-bankruptcy. But it’s not true. Bankruptcy is an opportunity to close one chapter of your life and open a…
IF you’re in debt and are considering bankruptcy as an option for you to get needed relief, perhaps just hearing the word “bankruptcy” makes you extremely nervous. Maybe the word conjures up images in your mind of losing everything you have and not having a financial future. Relax. It’s not what you think. Regardless of…
IF you are a homeowner struggling with mortgage payments during this pandemic, you are not alone. A mortgage forbearance can provide temporary relief by allowing you to make either reduced payments or no payments at all, for a specific period of time. Usually, it is not automatic, and you will need to call your lender…
“It is a misconception that ‘once you file bankruptcy, you will automatically lose everything.’ The truth is that most people keep everything they have (homes, cars, bank accounts, retirement plans, etc.) and they lose nothing at all.” PEOPLE with overwhelming debt problems during this difficult time are asking a lot of questions. Are you scared…
ARE your debts keeping you up at night? Are you always worried about money? Are you barely surviving and can’t even keep up with minimum payments on your credit cards? Do you wish to reduce or eliminate your debts but don’t even know where to start? If you are searching for debt reduction solutions, you…
IF you are struggling with debt problems and are starting to feel hopeless about your situation because you are not getting anywhere in spite of your efforts, at what point do you consider filing bankruptcy as an option? Bankruptcy scares a lot of people, and that’s understandable because everything that they’ve heard about it from…
Bankruptcy has always been a last resort for people who are struggling with debts that they can no longer pay. Most people would do what they can on their own and will only consider doing it once they know they have run out of options. Unfortunately, by the time they get to the point of…
AS I write this article, the country’s economic outlook is grim. The governor just ordered another shutdown of “non-essential businesses” who have already suffered significant financial losses since the pandemic started early this year. A lot of workers are getting laid off again by business owners who must shut their doors until being told it…
ARE your growing debts starting to worry you and cause you sleepless nights? Are you trying hard to pay what you can every month but feel like you’re just running on a treadmill and not getting anywhere? Do you dread getting those credit card statements every month knowing that you don’t have the money to…
“Once you fall behind on your debt obligations, it is easy to ignore the situation and hope that things will get better on their own. But that will never happen until you do something about it.” MOST people who are struggling with debt problems for the first time are often confused and don’t know what…
ONE common misconception people have is that if they file bankruptcy, they will lose everything that they’ve worked hard for. For this reason, a lot of people continue to suffer needlessly in debt when the law provides a solution to their debt problems. Not good. Don’t get me wrong. Bankruptcy is certainly not the answer…
ARE you sick and tired of being in debt and having bad credit? Do you want to start over but simply don’t know where to begin? Is filing bankruptcy an option for you, or are other options available? As we go move towards the end of 2020, this is a good time to look at…
MANY people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no obvious way out. For some, job loss sent them into a downward spiral, and they are now unable to pay their bills and meet their responsibilities. For others, a recent divorce or costly medical emergency drained their…
FIRST of all, you are not alone. I just read the news today and experts are warning us again about expected spikes in COVID cases for the rest of the year. I know this is downright scary and depressing especially considering that a lot of people everywhere seem to have already suffered enough since the…
WHEN the virus makes your income disappear overnight, it can be very frightening to realize that you can’t go very long without it because your bills don’t stop just because your income did. No one ever wants to file bankruptcy. But if you are one of the millions laid off and don’t even know whether…
THIS has got to be the best news I have heard recently! Given the huge job losses and high unemployment rate that have left many unable to pay their debts, this may be the biggest change in the law that can help many people protect and keep the substantial equity they have in their family…
THERE have been increasing talks recently about making needed changes under the Bankruptcy Code to protect families and business owners who are suffering during this pandemic. While the government has made limited efforts to alleviate the hardship experienced by millions of people with the recent stimulus payments, loan forbearances, the Paycheck Protection Program (PPP) and…
THERE have been increasing talks recently about making needed changes under the Bankruptcy Code to protect families and business owners who are suffering during this pandemic. While the government has made limited efforts to alleviate the hardship experienced by millions of people with the recent stimulus payments, loan forbearances, the Paycheck Protection Program (PPP) and…
MOST people don’t talk about their credit card debt because they find it embarrassing. They can talk to their friends and family about everything else but when it comes to the subject of how much debt they are carrying, most people would not divulge any information. It makes them very uncomfortable. So, what happens is…
THIS is one thing I hear from people all the time: “If you ask me, I really hate doing this, but I feel I have no choice.” Of course, no one ever wakes up one morning and decide to just file bankruptcy without seriously thinking it over. Usually, people spend a lot of time going…
WHEN the virus makes your income disappear overnight, it can be very frightening to realize that you can’t go very long without it because your bills don’t stop just because your income did. No one ever wants to file bankruptcy. But if you are one of the millions laid off and don’t even know whether…
MANY people find themselves in the position of facing overwhelming debt, with constant calls from creditors and no obvious way out. For some, job loss sent them into a downward spiral, and they are now unable to pay their bills and meet their responsibilities. For others, a recent divorce or costly medical emergency drained their…
THE COVID-19 pandemic has changed everyone’s life in only a matter of months. As the virus continues to batter the economy, a lot of people are finding bankruptcy as their only way out. This is a sad reality but if you look on the bright side under the grim circumstances in which you find yourself…
IF you’re in debt and are considering bankruptcy as an option for you to get needed relief, perhaps just hearing the word “bankruptcy” makes you extremely nervous. Maybe the word conjures up images in your mind of losing everything you have and not having a financial future. Relax. It’s not what you think. Regardless of…
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, we all find ourselves in a a situation where debt can be overwhelming. Many people feel hopeless and powerless over their debt problems. Debt problems can easily spill over…
MAYBE you’ve experienced this before. You’re driving down the road one cold, chilly day and before you know it, you find yourself surrounded by a thick white wall of dense fog. How did you react to the situation? If you’re like most people, perhaps you felt momentarily lost and confused or perhaps even panicked, not…
Bankruptcy is often a last resort for people who are in serious debt trouble. But if you’re one of many millions of people who have suffered a job loss due to the COVID-19 crisis, it might make sense if it’s your only hope of being able to survive financially during these tough times. This is…
