If you’re paying minimum payments on credit card debt and have nothing saved for retirement, you are my favorite candidate for bankruptcy. The most compelling reason to file bankruptcy is so you can spend money on retirement savings. If you want to be self sufficient and live even a moderately comfortable life in retirement, it [...]
credit cards
Are you responsible for a credit card supplied and reimbursed by an employer? The answer is often “yes”, which leads to painful complications. You are very likely responsible if you signed the credit card agreement. Another warning sign is if you must pay the bill and then get reimbursed. If it shows up on your credit report, [...]
As a bankruptcy lawyer, one of the first things I advise my clients to do when they decide they are filing bankruptcy and hire me is to stop paying on their credit cards. More on this later in the post. Recently, though, before I could offer that advice, a client asked me: “What happens when [...]
In my Charleston, South Carolina bankruptcy practice, I’m frequently asked, “how much is it?” I recently wrote about attorneys fees in bankruptcy and how the amount of the fee should not be your primary focus in hiring an attorney. After all, you want quality representation and you want the debt as gone as it can [...]
Weather forecasters gave us Rhode Islanders fair warning that we would be experiencing the worst rain storm in over one-hundred years. We even made national news. Small streams were overwhelmed, the water table rose, and property owners that never before worried about such things were forming lines outside Lowe’s and Home Depot hoping to buy [...]
Bankruptcy and divorce go hand in hand. It may sound like a good way for divorced couples to end their joint bill problems. A prospective client recently posed the following question: I was divorced within the past year. While I was married, my ex-husband and I incurred over $50,000 in credit card debt. Some of [...]
