Category: Bankruptcy Alternatives Archive
Is There a Difference Between Credit Counseling and Debtor Education?
When filing for an individual bankruptcy, you need to complete credit counseling and debtor education. The two are distinct and fulfill different purposes. Some question the need for both and may even find themselves confused. What is the difference between credit counseling and debtor education? The most obvious difference is ...
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Recovering Funds Garnished or Levied Post-Bankruptcy
If, during the course of your bankruptcy, your bank account funds were levied, your paycheck was garnished, etc. you are probably hoping to recover the garnished or levied funds as soon as possible. Hopefully, your bankruptcy attorney advised you prior to handing your case that recovery of garnished or levied ...
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Paying for Property Maintenance During the Bankruptcy Process: Is it Necessary?
One method of preparing for a bright financial future is to invest in real estate. As with any investment, there is always a risk for the investor. In today’s real estate market it seems that there have been many more people taking that risk and feeling the consequences of a ...
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Should Consumers Consider Paying Off Mounting Debt with Retirement Funds?
The best laid plans don’t always pan out. This old adage seems particularly true when it comes to planning a lifetime of financial health and security. Sometimes the economy has a way of pulling the rug out from under the feet of even the most stable individuals. In this situation, ...
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New Rules Regarding Inherited IRAs and Personal Bankruptcy
Building financial security and providing for your children is a lifelong endeavor. Most spend a large amount of their time and energy and worry hoping to establish savings in hopes to leave their loved ones with a positive financial landscape when they pass. These efforts can be disrupted by certain ...
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Identity Theft is One of the Leading Causes of Bankruptcy
Identity theft can lead to bankruptcy. It’s one of the leading causes of financial stress. As an ever-growing problem all around the world, individuals are finding it harder and harder to protect themselves against identity thieves who are somehow able to obtain personal information in order to open fraudulent bank ...
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Protecting Assets in Bankruptcy with California Exemptions
Many assume that when declaring bankruptcy, all assets are lost to creditors. That’s simply not true. In many bankruptcy cases, debtors are able to keep everything and lose nothing (other than their overwhelming debt). Some or all of the filer’s assets are exempt. Exemption means that the specified property cannot ...
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Do You Feel “Stressed Out” by Your Finances?
Are your finances leaving you frazzled, exhausted and just plan stressed out? It’s time to get control and stop letting your finances control you. Your health could depend on it. It’s no secret that finances are a major stressor for a lot of people. One of the most popular ...
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Improving Your Financial Health May Relieve the Stress that is Keeping You Up at Night
May is “Better Sleep Month.” If you have trouble sleeping you might want to take a quick look at your finances and consider taking steps towards improving your financial health. If they aren’t in order, you might want to take an in depth look if you’d like to get some ...
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Bankruptcy Isn’t Always the Answer
Bankruptcy has saved the financial of countless individuals. Some might even say that bankruptcy has saved the lives of countless individuals. Financial trouble is one of the main causes of stress, anxiety, marital problems, and divorce. It can even be put on the list of cited causes for suicide. Sometimes ...
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