Category Archives: bankruptcy

10 Ways To Better Use Your Money Than Credit Card Payments

Although the title of this blog article is really tongue-in-cheek, have you every really considered how your life could change if you didn’t have the struggle of making your minimum credit card payments? As a bankruptcy paralegal, I’d have to say that at least 9 out of every 10 people I meet with have budgets…

Understanding Bankruptcy Basics

What Kinds of Bankruptcy Are There? There are two main types of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 11 is mainly for large companies like Chrysler and General Motors and for individuals who have too much debt to qualify for Chapter 13.  Chapter 12 applies to family farmers. Chapter 7 is what comes…

Envelopes: The Low-Tech tool that Helped Our Grandparents Get Through Tough Economic Times

I think my grandparents had some good ideas when they went through tough financial times and one of them was the envelope budget system.  There’s something about handling actual cash that makes you, well, it makes you want to keep holding on to it.  When times were tough, grandpa would cash his paycheck in smaller…

Putting Your Tax Refund To Good Use

December is traditionally a slow month for bankruptcy attorneys.  I have always assumed that this is because people want to “have a good Christmas” or not face their bill problems.  January on the other hand tends to be very busy, which is not surprising because getting out of debt often pops up on lists of…

Bankruptcy, Budgeting and Dieting – More Alike Than You Thought

At first glance, these 3 words would not seem to have much in common.  However, a closer look shows more of a connection than you might think. “If I could just be at the weight I want, I would be careful and never gain weight again. I just want a fresh start.” The truth is, money and weight…

Finding the Right Bankruptcy Attorney for You

Finding the right bankruptcy attorney for you is not an easy process. In the last several months, I have taken phone calls from 2 debtors that hired out-of-area attorneys only to be abandoned in the middle of complex Chapter 13 bankruptcy cases.  Both paid lots of money up front only to be left without an…

Stop Using Credit Your Credit Cards Before Filing for Bankruptcy

Even if you aren’t considering bankruptcy right now, you are probably reading this because you are in financial  trouble.  Stop using your credit cards!  If you do end up seeing an attorney, continuing to use your credit cards could make the purchases nondischargeable.  “Nondischageable” is fancy lawyer talk that means “you are stuck with this…