Having an attorney assist you in creating a separation agreement is optional. Some states may not require a separation agreement be created. Having legal assistance may depend on your financial situation. Some couples opt to create an agreement on their own if they can't afford legal services. Others feel that because of assets and the [...]
Credit card companies can initiate lawsuits against debtors who owe them money. In so doing, they are attempting to seek a judgment against the debtor in order to use more aggressive tactics to collect their debt. This can include asset seizure, garnishment of wages, or levies on your bank accounts. For those who own real [...]
The Wall Street Journal (WSJ) recently did a report about interest rates in the housing market. Many homeowners have been reluctant to get refinancing but new data suggests this may be a good time to look into the option. It looks as if more banks are giving incentives to those refinancing since mortgage rates have decreased. According [...]
Nadya "Octomom" Suleman filed a bankruptcy claim that recently was tossed by the court for failing to complete and file proper paperwork. Filing completed paperwork on time provides proof that a debtor is unable to pay their outstanding debt. In this case, since Suleman failed to provide complete documentation, creditors may move forward with their [...]
Unemployment benefits are made available to those who lose their job at no fault of their own. Since each state has regulations regarding eligibility, it's important to review requirements upon applying. Some states may only pay if you lose your job involuntarily. Employers make contributions to unemployment insurance programs that help make benefit payments to [...]
During a period of unemployment you have some serious decisions to make regarding outstanding debt. Debt consolidation is often an option consumers may use to help manage their debt. This includes combining outstanding loans with a new loan that pays off what was owed, leaving just one payment to be made each month instead of [...]
It's common to feel as if certain assets are in danger with a pending divorce. Couples set to end their marriage have several important decisions to make. Reviewing information regarding assets can determine how they are divided as well as how they can be protected. Depending on the assets in question, you'll want to review [...]
Con-Artists Claiming to be Debt Collectors With a struggling economy, more scammers are trying to take advantage of people who are unable to make payments on their bills. Recent news reports alert consumers about scammers calling and claiming to be debt collectors in order to get personal details and even money from unsuspecting consumers. Scammers [...]
Borrowing After a Personal Bankruptcy You may think that filing for a personal bankruptcy is like declaring a death sentence for your credit score. However, there is no denying that there certainly are ways you can borrow after filing for a personal bankruptcy. Ultimately, you can borrow the smart way - or you can take [...]
No matter how much you think you may know about personal bankruptcy, there's no denying that there's a great deal of misinformation you might be falling for. However, this "misinformation" might do more than lead you astray - it might even prevent you from filing for bankruptcy when you need it most. So what are [...]
