I have represented thousands of people with too much credit card debt. The reasons for the debt can vary greatly, from unplanned medical bills, to an abrupt loss of employment, to gambling problems. Regardless of the reasons for the debt, there are various signs that a person has too much credit card debt. These indicators […]
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Many of my clients worry more about their credit scores than they need to. Credit scores can be important, however, and necessary if you want to borrow money to purchase a home or vehicle. There are even dating websites now for people who require a good credit score for their match. For example: http://creditscoredating.com/ or […]
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We recently saw a situation where the debtor opted to file under Chapter 13 because of a problem qualifying for a Chapter 7 discharge. That problem was that the debtor’s income exceeded $130,000 per year. After the Chapter 13 Plan was confirmed, the debtor lost his job. His attorney amended the plan to reduce the […]
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The odds are, your small business won’t be around 5 years from now. About half of all the businesses that started this year will close their shutters within 5 years later. Why do all these businesses fail? Both studies and common knowledge suggest many reasons. Including: changing economy, new or unanticipated competition or unforeseen disasters. […]
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The biggest mistake people make when lending money to family or friends is a failure to plan. They fail to consider the likely outcomes if the loan is not repaid as promised. Not being paid by anyone makes us angry. Not being paid by someone with whom we have a close relationship makes that anger […]
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