Here are seven easy steps to pay off high interest rate credit cards.  In fact these tips show you how to eliminate high interest accounts entirely and how to perform simple regular maintenance adjustments to keep your credit accounts within reasonable limits.
1.  Fingerprint your credit cards.  On a simple word document or piece of paper [...]

In an article placed online with Bankrate.com,  Steve Bucci of the Consumer Credit Counseling Service of Southern New England lists his Top Ten Causes of Debt.   Conspicuously absent is fraud, abuse, intent and extravagance.
Bucci’s list does not include scammers, tricksters, credit card abusers.  No, Bucci finds debt accrues from ordinary life experiences, hardly reasons [...]

New bankruptcy time deadlines take effect December 1, 2009.  Time will now be computed in multiples of 7.  This change will minimize situations where deadlines come due on weekends.
Bankruptcy has many different deadlines based on multiples of 5 – 5 days to submit documents, 10 days to appeal, 15 days to file pleadings, 20 or [...]

Negotiate a lower payment on your credit card.  Call customer service and ask for a better rate.   “Just work with me.”  These proven common sense tips could save you money on your credit card accounts and help you avoid bankruptcy.
More than one out of 10 accounts went 6 months in default last month and that [...]

Pay attention to these 5 tips to safely fly on an airline that is in bankruptcy. During the past 8 years these airlines filed bankruptcy: Aloha Airlines, America West, ATA Airlines, Braniff International, Continental Airlines, Delta Air Lines, Eastern Airlines, Frontier, Hawaiian Airlines, Northwest Airlines, TWA, United Airlines, and US Air. You can [...]

Save more money, spend it on your self, and stimulate your local economy.  Here is how to do it.
Many people are in a credit card rut, paying minimum payments each month while the balance grows beyond control.  Those fortunate to have jobs struggle paycheck to paycheck as credit cards gobble up take home pay.  [...]

A Bankruptcy Court garnishment can be as high as you want it to be.  There is no limit on the amount a Court can take from your paycheck because the federal limit on paycheck garnishment does not apply to chapter 13 payments.
The amount of the garnishment is selected by the debtor, who submits a written [...]

Death of the parent or dependent student discharges the obligation to pay a Federal Parent Plus student loan.  Most people learn the hard way that student loans are difficult if not impossible to discharge in bankruptcy.  The seminal case, In re Bruner, has been discussed on this site.
(Brunner v. New York State Higher Education Services [...]

The easiest month to file bankruptcy is July.  Consumers filing bankruptcy under Chapter 7 or Chapter 13 need to complete a Means Test of average income derived during the last six months.  If you file in July, you need to look at your income during the first six months of the year – January through and including [...]

When an insurance policy pays a damage claim for a totaled car that is involved to a chapter 13, the bankruptcy trustee is required to hold excess money over the amount of the lender’s secured claim according to In re Feher, Southern District of Illinois case Bankruptcy Number 95-30444, Adversary Number 96-3133.  Consequently, the money [...]