Valuable information to help you get debt free and stay that way. What can help your personal finances and what can’t. World events as they relate to your finances. Comment, news, and general mayhem.One of the most common questions I hear from clients is whether they are able to keep their bank accounts while they are in bankruptcy, or to open new accounts after bankruptcy.   My usual answer to that question is that there is nothing under bankruptcy code that would prevent a

Excellent resources on debt relief. Overcome debt problems with a debt consolidation loan. Guides on choosing the best debt relief program for you: debt consolidation vs debt settlement.I have previously written about the requirements that a debtor must meet in order to file for Chapter 7 Bankruptcy.  As long as the debtor is able to meet the means test and disposable income test, the debtor can file for Chapter 7 Bankruptcy. However, there are a number of conditions

Excellent resources on debt relief. Overcome debt problems with a debt consolidation loan. Guides on choosing the best debt relief program for you: debt consolidation vs debt settlement.Periodically, I see debtors who have moved recently to Rochester, New York, or nearby, from another state who wish to file either Chapter 7 Bankruptcy or Chapter 13 bankruptcy. The critical issue in those situations is to determine what state’s bankruptcy exemption laws, if

We’ve started this blog to help others like us get out of debt. We ‘ll be talking about ways to get organized, cut spending and creating a budget. We want your comments and suggestions to help others around the world become debt free. With everyone forecasting doom and gloom for the economy, now, is the time to start preparing for your financial freedom.While bankruptcy appears to be a straight forward process, there are many pitfalls for the unwary.  Some actions taken by the debtor before filing Chapter 7 or Chapter 13 bankruptcy in New York, may result in serious consequences.  Here are some areas where mistakes are commonly

Get out of debt does what it says, it gives straight, honest and caring advice about how to beat debt and get out of debt. Here you’ll find the best deal with your debt.In these uncertain economic times, I am getting this question more and more from people considering filing for bankruptcy all over Western New York.   So can someone in Rochester making more than ,000 file for Chapter 7 bankruptcy?  The answer to that question is likely to be

Excellent resources on debt relief. Overcome debt problems with a debt consolidation loan. Guides on choosing the best debt relief program for you: debt consolidation vs debt settlement.One issue that periodically comes up in  Chapter 7 bankruptcy cases is unsatisfied tax liability.  As of late, the IRS and New York State Department of Taxation and Finance, have been aggressive in enforcing their claims with respect to unsatisfied tax liabilities.One common problem

Excellent resources on debt relief. Overcome debt problems with a debt consolidation loan. Guides on choosing the best debt relief program for you: debt consolidation vs debt settlement.When a potential client calls my office to ask bankruptcy-related questions, I usually suggest that he or she come in for a free initial consultation.  I also ask that when we meet, you bring  your bills, tax returns, pay stubs and any other documents that may be related to your

We’ve started this blog to help others like us get out of debt. We ‘ll be talking about ways to get organized, cut spending and creating a budget. We want your comments and suggestions to help others around the world become debt free. With everyone forecasting doom and gloom for the economy, now, is the time to start preparing for your financial freedom.In the last few months, I have received a number of calls from owners of small businesses who want to file Chapter 7 bankruptcy, primarily due to credit card debt, but want to continue to operate their businesses.  In most of these cases, the business owner have used personal credit

Excellent resources on debt relief. Overcome debt problems with a debt consolidation loan. Guides on choosing the best debt relief program for you: debt consolidation vs debt settlement.In Chapter 13 bankruptcies, it is not uncommon to see situations where the debtor, who owns a home, has both a first and a second mortgage, or even a third mortgage on that home.  In today’s real estate market, it is not uncommon for those mortgages to exceed the value of the home by a [...]

Get out of debt does what it says, it gives straight, honest and caring advice about how to beat debt and get out of debt. Here you’ll find the best deal with your debt.If you are in debt, does it always make sense to file either Chapter 7 or Chapter 13 bankruptcy?  If your only source of  income is Social Security or Social Security Disability, you can file for bankruptcy, but it may not be necessary.  Because of the exemptions under both federal