A 2014 report on holiday shopping plans and finances found that about 55% of the respondents reported that money was their main source of stress during the holiday season. Despite this, more than half of those people planned to use their credit cards for holiday shopping, and they plan to spend about as much money […]
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Why did Christopher Columbus need financing from a government? Simple, his plan was risky, too risky for any private individual that had the needed capitol. He would also need the power that a government could supply to maintain control of lands and goods that he discovered. Christopher Columbus actually began looking for financing long before […]
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We don’t talk about things that make us feel uncomfortable, and many people are very uncomfortable talking about their financial problems. Often, people with such problems will hide all evidence of financial distress. Some people do this with a misguided sense of protecting their loved ones. If I don’t tell my spouse about the problems […]
Read MoreBlog , Debt Collection , General Bankruptcy
How can you tell if your debt is out of control? There are various signs that a person has too much debt. These indicators include the following: You don’t know the balances on your accounts. You have made minimum payments for three or more successive months. This signals an inability to reduce the […]
Read MoreBlog , Declaring Bankruptcy , FAQ , General Bankruptcy
I attend a lot of seminars and educational programs dealing with bankruptcy and related issues. Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]
Read MoreBlog , Declaring Bankruptcy , FAQ , General Bankruptcy
No one answer fits all people or all situations. Like everything else, bankruptcy has both costs and benefits which should be evaluated. Know the effects of a bankruptcy before proceeding. There are, though, some fairly common questions which can help you assess whether you should further explore bankruptcy options: Do you only make minimum payments […]
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Asset protection is not just about protecting your home, family heirlooms, and personal wealth. You may want to consider whether a gun trust would be helpful for protecting your firearms. Gun trusts are generally used for holding NFA firearms: Short barrel rifles, short barrel shotguns and suppressors. A gun trust can make it easier to […]
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Men are from Mars. Women are from Venus. But both men and women generally feel bad about carrying debt and not being able to pay it. Most of us are brought up to pay our debts. Our religious or moral code may reinforce this. Above all, people feel embarrassed if anyone knows that their debts […]
Read MoreBlog , Children & Heirs , FAQ , General Bankruptcy
We get this question all the time, and advise our clients that gifts or transfers of assets to friends or relatives during bankruptcy may be the worst thing they could do. Both you and the recipient might lose the asset and you might lose your right to a bankruptcy discharge. One purpose of the bankruptcy […]
Read MoreBlog , FAQ , Foreclosure , Mortgages & Foreclosures
Most, if not all states, provide homeowners with a timeframe within which to cure their default. And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment. Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]
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