They promise ‘hassle-free cash’ and short term money to help you through a rough patch and a fast answer to all of your personal cashflow issues. What these predatory payday lenders don’t tell you is that they take advantage of low and low-to-middle income individuals by luring them with easy access to cash packaged with...
There are a lot of misunderstandings about filing for bankruptcy which lead to a tremendous amount of confusion and heartache if you don’t understand your rights from the beginning. Why does this happen? Some of these myths are perpetuated in the media. Other times, people are often too embarrassed to tell a neighbor or relative...
[caption id="attachment_262" align="alignleft" width="180" caption="Rising healthcare and decreasing insurance coverage mean tough choices for many families."][/caption] A recent report came out a few days ago linking federal bankruptcy court records with cancer survival rates. For many Americans the findings were shocking, but for those of us who work in bankrupcty, the numbers were not all...
Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ's Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be...
[caption id="attachment_84" align="alignleft" width="300" caption="Welcome 2010"][/caption] Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx). Many of the issues presented are ones we witness every day in our Salem, NH office. Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential...
[caption id="attachment_69" align="alignleft" width="197" caption="U.S. senior citizens are facing an unprecedented spike in bankruptcy filings"][/caption] While the news media focuses most of its efforts on covering the economic downturn and its effect on the young and middle aged populations, there is a silent yet growing contingent of Americans who are facing financial hardships and the...
[caption id="attachment_40" align="alignleft" width="210" caption="U.S. Bankruptcy Courts Still Seeing an Increase in Filings"][/caption] U.S. bankruptcies increased 35% over the last year with 1.3 million bankruptcy cases filed between July 2008 and June 2009 as the recession took a steep toll on households and businesses, said the Administrative Office of the U.S. Courts on Thursday. Leading...
[caption id="attachment_51" align="alignleft" width="385" caption="Bankruptcy filings still on the rise"][/caption] A recent LA Times blog (August 10, 2009) by Tom Petruno* highlights the highly controversial and divisive issue being debated in today’s bankruptcy circles. The problem surrounds homeowners with upside-down mortgages (i.e. those whose homes are worth less than they are mortgaged). The current mortgage...
[caption id="attachment_28" align="alignleft" width="413" caption="A growing number of foreclosure signs are appearing in neighborhoods across the country."][/caption] The real estate boom of the late 1990’s and early 2000’s caused a super inflated valuation of both property and the attached mortgages. Many individuals and families anxious to assume their place in the American Dream became homeowners...