What Is a Bankruptcy Trustee and What Is Their Purpose?

During Chapter 7 or Chapter 13 bankruptcy proceedings, a trustee is appointed by the federal government to oversee the case. In most cases, a bankruptcy attorney or accountant will serve as the trustee. The trustee plays an important role during the bankruptcy process, including: Ensuring debtors are in compliance with regulations Ensuring debtors are honest [...]

By | 2017-12-21T01:17:39+00:00 February 6th, 2017|Uncategorized|Comments Off on What Is a Bankruptcy Trustee and What Is Their Purpose?

6 Financial Spring Cleaning Tips

Spring cleaning isn’t just for your home. In fact, your finances will benefit from a yearly cleaning, too. Wondering where to start? Consider the following tips to spruce up your finances and improve your financial health in 2017: Run a free annual credit report. Did you know that the Fair Credit Reporting Act allows consumers [...]

By | 2017-12-21T01:17:39+00:00 April 6th, 2016|Uncategorized|Comments Off on 6 Financial Spring Cleaning Tips

How Much is Post-Holiday Debt Costing You?

Now that the holidays are over, many people must now make plans to deal with the new debt they have accumulated. In fact, consumer credit agencies report a 25 percent spike in people seeking help in the first couple of months of the year. If you have credit card debt leftover from the holidays, read [...]

By | 2017-12-21T01:17:39+00:00 January 5th, 2016|Uncategorized|Comments Off on How Much is Post-Holiday Debt Costing You?

Why You Should Not Be Afraid to File Bankruptcy

There are a number of misconceptions about bankruptcy with many consumers under the impression that filing will hurt them. Fortunately, the process can help you and once you gain the necessary knowledge and get clarity about filing, it may improve your financial situation in more ways than one. In short, if you are unsure about [...]

By | 2017-12-21T01:17:40+00:00 August 20th, 2013|Uncategorized|Comments Off on Why You Should Not Be Afraid to File Bankruptcy

How Can I Avoid Getting Sued for Past Due Debt?

Getting Sued for Past Due Debt? Being sued for unpaid debt is a possibility but you may be able to avoid legal action. It's common for debtors to forget or ignore the fact they owe money on an old or past due debt until a summons is received catching you off guard. Avoiding a lawsuit [...]

By | 2017-12-21T01:17:40+00:00 September 6th, 2012|Uncategorized|Comments Off on How Can I Avoid Getting Sued for Past Due Debt?

Texan Opposition To Payday Lenders’ Loan Shark Interest Rates Yields Progress

More Texans are standing up to the loan shark interest rates of the state's payday lenders. According to a survey commissioned by the AARP, more than three-fourths of Texans oppose payday lenders charging up to 500% APR interest and almost two-thirds support the licensing and regulation of payday lenders (64%). The opposition has apparent gained [...]

By | 2017-12-21T01:17:41+00:00 August 9th, 2011|Uncategorized|Comments Off on Texan Opposition To Payday Lenders’ Loan Shark Interest Rates Yields Progress

Debit Card Hold After Bankruptcy

If you're like most people, then you're probably using your debit card for many everyday transactions such as shopping for groceries, paying a restaurant bill and putting gas in your car. But many more merchants are beginning to practice placing a "hold" on bank accounts so that they can insure that they can get their [...]

By | 2017-12-21T01:17:41+00:00 August 4th, 2011|Uncategorized|Comments Off on Debit Card Hold After Bankruptcy

Post-Bankruptcy Survival: Making The Most Of Your Financial Fresh Start

One of the biggest reasons that some post-bankruptcy debtors fail to financially thrive after their bankruptcy discharge is that they don't understand the basics of personal finance. At first, some post-bankruptcy debtors are extremely frugal to a fault; but within a few years they begin making the same mistakes and need to consider bankruptcy again. [...]

By | 2017-12-21T01:17:41+00:00 August 2nd, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: Making The Most Of Your Financial Fresh Start

Three “Financial” Products You Should Avoid

Financial trouble is a part of life, even after you have filed bankruptcy it's normal that you will have some rough times ahead. At least once every ten years, most Americans face at least one major financial issue. But how should you handle financial troubles when they come your way? There are a myriad of [...]

By | 2018-01-10T08:27:57+00:00 July 27th, 2011|Uncategorized|Comments Off on Three “Financial” Products You Should Avoid

Post-Bankruptcy Survival: Avoiding The Pit Falls Of Credit Card Balance Transfers

So you're out of bankruptcy for a few years now and you're ready to take your credit restoration efforts to another level. You already have a few low-credit, high interest rate credit cards; but you just qualified for new credit card with low interest and a high limit. Should you transfer the debt from your [...]

By | 2017-12-21T01:18:04+00:00 July 25th, 2011|Uncategorized|Comments Off on Post-Bankruptcy Survival: Avoiding The Pit Falls Of Credit Card Balance Transfers