Part One of this article discussed some of the economic factors that caused debt to increase during the 1980’s and 1990’s.This part will discuss why these economic factors have resulted in the fastest growing group of Chapter 7 fliers being those aged 60 and older.
If you liked that post, then try these…Sneaky Credit Card Tricks [...]

You need protection from unfair mortgage fees added to your account secretly during a Chapter 13 case.  The surprise fees may not show up until after the case is over, when you sell or refinance, and when you have usually have no attorney representing you (since closing attorneys generally represent the lenders), never mind an [...]

Start saving now for your long-term financial goals. This means setting up now for retirement. There is every suspicion that social security will not be there when you retire. In fact, social security was never meant to be a substitute for a retirement fund, it was meant as a supplement [...]

It could be something as innocent as the attorney learns he/she has a conflict of interest. For instance, Husband and Wife file a joint case and after the filing decide to file for a divorce. The attorney has a conflict of interest.
Other reasons could be, you weren’t being honest with your attorney, you [...]

Automatic electronic bill paying, unchecked, can wreak havoc with your bankruptcy case.  It doesn’t threaten your discharge, but it has the potential to confuse and irritate everyone involved.
For most purposes, the rights of the debtor and his creditors, are fixed according to the facts on the day the case is commenced. Important issues are: how [...]

Let’s say you’ve got a Citibank card and a Chase card. You’ve never been late with your Chase card, but you’ve fallen behind on your Citibank card. Wake up one morning and you find that your Chase card’s interest rate has gone from a cushy 9.9% to an outstanding 29.9%.
Welcome to the world [...]