Threats are the tools of the trade of debt collectors. Why not? Fear is effective to get people to do stupid things. That’s why debt collectors use it. Pay up or… Terror shuts down rational thinking and upends priorities. As a bankruptcy attorney, I meet lots of people because they’ve panicked. A debt collector has threatened […]
10 Reasons Why Bankruptcy May Be Your Best Investment
There are compelling reasons to file bankruptcy and invest in a better future. Spend money to go broke? Seems counter-intuitive, but it could be the best money you spend. People in serious debt resist using bankruptcy to get their financial life in order for many reasons, including Yet, as a means of regaining control of […]
Find The Right Cure for Your Debt Problems
Get-out-of-debt advice and sales pitches abound. But too few get-out-of-debt gurus tell you that you need a diagnosis of your financial ills before prescribing the cure. Is the stomach ache indigestion or appendicitis? Is it temporary upset or life threatening? The answer makes a big difference in how you treat it. No single prescription for […]
Eliminate The Tax Refund & Protect Yourself From Government Collections
We’ve recently heard sternvoiced threats from the federal government about collecting delinquent student loans and defaulted EIDL loans. One of their collection tools is the Treasury Offset Program. It allows the feds to take some or even all of money is owes you to pay money that you owe the government. So many people plan […]
The Biggest Bankruptcy Mistake You Can Make
The biggest bankruptcy mistake has nothing to do with choice of chapter, exemptions, disclosure, or attorneys. It has to do with timing. The biggest bankruptcy mistake is waiting too long to consider bankruptcy. Time is seldom your friend What’s wrong with letting time pass before making a momentous decision? Doesn’t time heal most wounds? No, […]
Why File Bankruptcy? It’s Your Life Expectancy
Increasing life spans and the demise of pension plans is why filing bankruptcy now makes sense. Old debt has a way of sucking the air out of today’s budget. You can’t make repairs to your car or see to needed health care or accumulate an emergency cushion because you’re still paying for stuff you bought […]
When You Can’t Pay The EIDL Loan
The COVID-era EIDL loans are coming due. But just because the pandemic is over doesn’t mean that business has returned to normal. Prepandemic, normal may have been difficult too. If yours is one of the many businesses can’t bear the additional stress of repaying EIDL loans, here’s what you need to know. What are EIDL […]
How To Defend Yourself Against the Weapons of a Debt Collector
Dealing with debt collectors requires that you understand their weapons. The real weapons of debt collection aren’t lawyers and lawsuits: they are fear, shame, and annoyance. Debt collectors want to get inside your head and use your emotions against you. Manipulating your emotions is quicker and cheaper than going to court to get a judgment. […]
The Bankruptcy Process, Step by Step To A Fresh Start
Let’s walk through the basic bankruptcy process and what’s required to wipe out debts you can’t pay. I’ll keep this simple and assume that you’ve decided to file. ( At each step, links will point you to a further discussion of each issue. ) If you are undecided about whether bankruptcy is the right decision, […]
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