Many people who enter bankruptcy worry that they will lose their home. Since the intent of bankruptcy is not to leave you destitute, you stand a good chance of holding on to your house. But what if you have petitioned for Chapter 13 bankruptcy and you want to go ahead...
What should you know about the Chapter 13 repayment plan?
Even if you work and have a regular income, you may find yourself struggling with debt and considering filing for bankruptcy. Often referred to as the wage earner’s plan, you may decide that seeking Chapter 13 bankruptcy relief best suits your needs and circumstances....
What will likely happen following Chapter 13 bankruptcy?
You have probably looked into what you must do to complete your Chapter 13 bankruptcy, like composing a repayment plan and making payments to your trustee as your repayment schedule dictates. It is also important to keep in mind the events that will likely take place...
Bankruptcy court, step one: analysis
Your success in bankruptcy would depend on many things. Commitment, financial management skills, effective planning and taking full advantage of all available exemptions, to name a few. However, one of your first steps will probably be analyzing your financial...
What are the advantages of Chapter 13?
When you seek to file for bankruptcy protection, you have options in the different types of bankruptcy to file. One of those options is Chapter 13, which is known as the wage earners plan because instead of having the court remove all your debt, you create a repayment...
What is Chapter 13 bankruptcy and how can it help you?
Many of us have struggled with debt at some point, and may have even wondered what bankruptcy could do for us. Chapter 13 bankruptcy, made for towards those with a stable income who are looking to reduce their debt, can be a viable option for someone who needs...
COVID-19 financial worries? Are you Confused? Call a Consumer Bankruptcy Specialist
What will happen when: your employer gets its Paycheck Protection Program money, but your company has no customers? your $600 federal unemployment supplement expires?Coronavirus Economic Crisis: CARES Act makes Chapter 7 Bankruptcy Easier You have to stay home to...
Do you have enough income to file Chapter 13?
Chapter 13 bankruptcy is one option you have as a consumer. This type of bankruptcy requires creating a plan to repay your creditors. You will pay your creditors based on the priority level of the debt. You may not repay all debts in full, but as long as you follow...
Speak to a Bankruptcy Lawyer before you make the wrong pre-bankruptcy choices
In this time of financial uncertainty, EVERYONE is worried about the future. Instead of worrying, we invite you to call for a free telephone or video consultation to get THE FACTS from a BOARD-CERTIFIED BANKRUPTCY ATTORNEY. ARE YOU ELIGIBLE FOR CHAPTER 7 BANKRUPTCY...
Covid-19: Personal Financial Crisis
Can Bankruptcy be a solution? Are you eligible? What are the Risks? What are your personal options? What is the best Chapter for you? What is the best timing? Everyone’s situation is unique. A“cookie-cutter” bankruptcy filing without proper strategic planning may not...
What do monthly nursing home fees cover?
If you have an elderly parent who requires in-depth care or supervision, placing your mother or father in a nursing home may be advisable. After all, you may lack the skills, time and money to do the task without professional assistance. The average daily rate for a...
4 potential benefits of a revocable trust
A revocable trust is a legal instrument that can dictate how a person’s property is managed and distributed during their lifetime or after they have passed away. As with the majority of legal tools, there are both positive and negative aspects to a revocable living...
What do you know about discussing your end-of-life desires?
While you understand the importance of planning your estate and drafting all the documents, you may struggle to discuss your end-of-life desires openly. How do you bring up the matter with your family and friends? AARP offers tips for sharing your estate plans with...
Don’t overdo the “dead-hand controls” on your trust
Trusts have become an increasingly useful financial tool for people who want to safely pass their wealth onto the next generation. So-called “conditional” trusts, which impose certain obligations on would-be beneficiaries to receive their funds, are particularly...
A spendthrift trust may provide needed asset protection
A spendthrift trust includes specific provisions regarding how a trustee may use its funds on behalf of the named beneficiaries. As noted by SmartAsset, the trustee may exercise broad discretion to spend money on an heir's expenses so that he or she can maintain a...
Here’s why a DIY-estate plan is a bad idea
Creating an estate plan is one of the most important things you can do to safeguard your future, your assets and your loved ones. A well-written estate plan gives you peace of mind knowing that your wishes will be honored when you pass on, or if you become...
Is this a sign of nursing home neglect?
Hearing the many news stories focused on abuse or neglect at nursing facilities likely leaves you feeling concerned for your own loved one. Unfortunately, it is impossible to determine where or when neglect may occur. Noticing red flags can help you react quickly if...
What’s the difference between Medicare and Medicaid?
The “Baby Boomer” generation is getting older and starting to investigate their healthcare options. If you're among that group, you may be wondering exactly how Medicaid plays into your future plans -- and how its relationship with Medicare works. Since 1964, the...
Think of succession planning when starting your business
In the excitement of getting your new business up and running, it is difficult to think of everything you need to do. Succession planning may not be part of your checklist at this point. However, if you have partners, shareholders and employees, there is no time like...
Involve a professional during Medicaid planning
Most people overlook the need for planning for long-term care. Unfortunately, the problem with this kind of thinking is your health can change, especially as you advance in age. No one can project how their health will be in the future. That said, nearly two-thirds of...
