Spend money, when you’re broke, to go broke? Seems counter-intuitive, but it could be the best money you spend. Fear, pride, uncertainty, stubbornness, distraction, and cash flow keep people from getting their financial life in order with a bankruptcy filing. As a means of regaining control of your life and your pocketbook, however, it may [...]
October 2011
Words are powerful. The word “bankruptcy” carries enormous emotional baggage. People hear it and immediately jump to conclusions. “Failure,” “shame,” “irresponsibility,” “ruin” all come to mind. Recently, I met with an elderly couple. They had significant cash flow problems, and a Chapter 13 bankruptcy would benefit them greatly. As I do with all prospective clients, [...]
1. Debt collectors are NOT under oath when they are talking to you. There are restrictions on what they can say, but exagerration, saying what might happen if you do not pay, are allowed. 2. They are not trying to help you! They are not trying to work things out, come up with a plan [...]
2011 has been called “The Year of the Natural Disaster”. We have seen deadly tornadoes, massive floods, billion dollar blizzards, devastating drought, East Coast earthquakes, and Texas wildfires…oh my! Millions of Americans have had their lives seriously disrupted this year. Many of them were in Chapter 13 bankruptcy cases at the time of the disaster, [...]
Knowledge is power and the more knowledge you have about a subject such as bankruptcy,the more power you will have to make an informed decision. Steve Jobs lived by the philosophy that knowledge is power and the more knowledge he gained in the computer world the more power he had to change they way we [...]
One of the things that troubles those considering filing personal bankruptcy is the fear that it might be impossible to qualify for a home mortgage after a chapter 7 or 13 case. Indeed, it would be a cruel irony if a bankruptcy filing freed you at last from a heavy debt burden, enabling you to finally [...]
