A wage garnishment can be a financially devastating issue. It stems from a debtor not being able to make good on a debt they owe and as a result the creditor pursues further action including lawsuits and wage garnishments. A wage garnishment is a legal directive that requires your employer to send a portion of [...]
When one spouse holds an individual credit card account and runs up significant credit card debt, they may wonder how this will affect their spouse. In some cases, a husband or a wife will maintain a credit account on their own to keep a private account or to hide excess spending. Whatever the reason for [...]
For some extreme cases of debt and financial instability, bankruptcy may end up being the only answer to one’s financial struggles. Credit repair is possible after bankruptcy but it certainly is not an easy task to rebound once bankruptcy has been filed. Bankruptcy is not an easy decision to make nor is it one that [...]
When you owe a creditor any money, you may be leaving yourself open to having your paycheck garnished as recourse for your owing a debt. The reality of the wage garnishment is that the law regarding a creditor’s rights to your paycheck is governed by the state you live in. Different states hold different laws [...]
The struggle with debt sometimes takes a turn down a dead-end street and as a last resort bankruptcy must be considered. In years past, people often used bankruptcy as a way to make a ‘clean slate’. In essence, it was an ‘easy’ way out for people with too much financial burdens. Now bankruptcy is a [...]
The recent economic depression has pushed millions of people into a deep and dark financial hole. In their quest to get out of debt, people often resort to debt relief programs. Debt settlement and bankruptcy are two of the more popular programs, but people often get confused when it comes to choosing between the two. [...]
In The Bankruptcy Process: Stage 4 – The Deliberation, we reviewed what your day in court would be like and some time lines for when things will occur. If your bankruptcy has been approved, you’ve officially been granted a “do over” – and this is where things get tough. Your Financial Future Can’t Wait, Talk [...]
In The Bankruptcy Process: Stage 3 – The Documentation, we reviewed all that’s involved with the documentation you’ll need, how you’re going to feel emotionally to this point, and the education you’re required to have by the court. In my experience, that was somewhat of the easy part. The Court Appearance While I can only speak [...]
In The Bankruptcy Process: Stage 2 – The Determination, we discussed how to find a good lawyer and how he/she would make the determination as to whether you are eligible to even file. At this stage, nothing has gone to the court so it’s not even “official” that you’re in bankruptcy. Since your first meeting [...]
In The Bankruptcy Process: Stage 1 – The Decision, we talked about how you would make the decision about which way to move with your financial road. However, even though you have decided that the bankruptcy process is the right path for you, the actual decision is not yours. Finding an Attorney Your next step [...]
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