One of the concerns about filing for bankruptcy is that those folks will never be able to obtain credit again after filing for bankruptcy protection and assistance. Most times, nothing could be further from the truth as bankruptcy may actually improve folks’ credit score, according to my clients’ experiences (and as explained by [...]
*Life After Bankruptcy
Why would anyone take out an Internet payday loan? Bankruptcy lawyers scream this out loud at least once a week. It tends to frighten the neighbors. Small, high interest loans are often the last gasp effort folks use to make payments on other debt (like mortgage or car loans) — before they give in and [...]
The headline caught my eye: “Is Bankruptcy ‘Business as Usual’ for Airlines.’ ” On NPR, no less. Reporting on the Chapter 11 filed by American Airlines, the article goes on to note: You might say it’s almost business as usual for the airline industry. United, Northwest and Delta have all taxied down the Chapter 11 [...]
You tried every possible way to avoid it, but you finally decided that you had no choice–you filed a bankruptcy. But you want to continue to pay some creditors, like your house payment and your car payment. But when you go to make a payment online, or set up a bank draft, you find that [...]
Some banks recently started charging debit card use and other fees. (For more, see this post by Andy Miofsky, and my earlier one.) The New York Times recently reported how the practical problem of changing an online account from one bank to another contributes to how some banks now charging debit card use fees are [...]
