Blog , Chapter 7 Bankruptcy , Debt Collection
The Unexpected Bankruptcy and What to Do About It The morning mail arrives, and with it is a notice of a bankruptcy filing by a customer you have not heard from in years. The customer owes you money, and the statute of limitations has long since run so you can no longer file suit to […]
Read More
CONSUMER ALPHABET SOUP: CROA by Arin E. Berkson When mistakes appear on a credit report, individuals may be tempted to hire a credit repair organization (CRO) to represent them in the credit repair process to save the time and effort of disputing incorrect credit report information on their own. While legitimate CROs exist, repeated […]
Read MoreBlog , Chapter 128 , General Bankruptcy
April 15th is an important time of year. Income taxes are due by April 15th. Leonardo Da Vinci was born on April 15th. But the reason we want to bring this to your attention is because April 15th was the last date of the energy shutoff moratorium in Wisconsin. As long as you have […]
Read More
The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients. They are often shocked by the amount of interest they will pay over a span of 30 years. My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment. […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
