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Archive for May 14th, 2007

How Bankruptcy Helps To Balance Your Budget »

When you rely on credit cards to cover things that don’t come up every month like car repairs, house repairs or medical issues, you have to recognize that your budget is not balanced. These things will come up and shouldn’t be a surprise when they do. In fact, there is little anyone can [...]

Can’t Get No Satisfaction! »

Jonathan Clements of the Wall Street Journal says, “…surveys show that Americans are no happier than they were 30 years ago. The key problem: We aren’t very good at figuring out what will make us happy.” Clements points out that happiness is fleeting and we don’t always recall how we felt when we [...]

What Not to Do Before Bankruptcy »

When I read Jonathan Ginsberg’s post about a client who made a mistake that will delay filing his bankruptcy, I was reminded of a similar situation that came up with some of my clients.  Jonathan’s client made the mistake of transferring credit card balances to take advantage of lower interest rates, when the balances could [...]

Can I Keep A Credit Card When I File Bankruptcy? »

All creditors must be listed in bankruptcy, and any large payments to unsecured creditors in the 90 days prior to the bankruptcy may be considered “preferential,” which means that the trustee can demand repayment of that money from the creditor.  What if you absolutely need to have a credit card?
If you liked that post, then [...]

What is a payday loan? »

You’ve seen the signs (typically around military bases) and heard the ads on TV. Easy cash when you need it. A payday loan - but what is it?
A payday loan is a short-term loan designed to provide cash between paychecks. The reality is often quite different. The mechanism puts a deposit [...]