Andy Miofsky holds the highest AV PREEMINENT rating from Martindale Hubbell Law Directory and a perfect 10.0 from AVVO. Andy is an Illinois consumer rights lawyer with offices in Granite City Illinois. Andy represents people with bankruptcy and student loan debt problems throughout the Southern District of Illinois since 1979.


Author: Andy Miofsky, Esq.

16 Feb Mistakes To Avoid Before Filing Bankruptcy.

In How Can I Avoid Bankruptcy I give you four mother load principles to keep your financial head above water. Those basic concepts deal with maximizing income and minimizing expenses. Unfortunately, circumstances may drive you deep into debt - too deep to recover. When they do, do not make these all too common mistakes before filing bankruptcy. Don't Cash Out The Bank. You scrimped and saved money for an IRA, 401k, 403b, pension, profit-sharing or other retirement-type account. In most states and in most cases, the money in these accounts is shielded from the reach of creditors and exempt from a bankruptcy estate. Unless this money will solve all your financial problems, leave it where it is. It could be there for you after your bankruptcy. Don't Cash Out The House. For the better part of the past twenty years, housing prices have increased. As the value of your house goes up, so goes the equity - the value of the house minus the loan balance. With an increase in home equity, mortgage lenders eagerly offer loans to persons in dire straits. The loan is called a home equity loan, but that name is a misnomer. The loan results in a mortgage lien against the
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11 Feb Should I Pay To Have My Credit Report Cleaned Up?

There is a reason this week is National Consumer Protection Week. Scam artists abound, trying to take your hard earned money. Desperate times often lead to bad choices. Common sense should always guide you. Remember:
  • You can't win a contest or lottery you didn't enter even if the prize winning notice says you did.
  • If it is a real prize, it's yours for free. You don''t have to pay any money for anything or give out your credit card number.
  • You can't make lots of money doing virtually no work on a part time basis.
  • These examples, and more from MSNBC Contributor Herb Weisbaum, are wake up calls to your common sense. Add to those, some common sense principles about your credit report.
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