Bankruptcy

Think your debts will go away just because they are not on your credit report, or the calls have stopped? Think Again! Some people think you can “lay low” and wait out the collection attempts, but it is easy for …

When exactly does retirement happen? While the answer to that question for many is, “as soon as possible, please….” – the bottom line is that the current full retirement age to start receiving Social Security benefits varies depending on the …

While the latter isn’t likely to occur, there are two “lesser known” strategies that can help married couples maximize their Social Security benefits. Here’s how they work: Claim Now & Suspend. This generally applies to married couples where one partner …

Famed defense attorney F. Lee Bailey, best known for his defense in the infamous O.J. Simpson murder trial, has filed for bankruptcy in Maine in an effort to discharge an IRS debt of more than $5 million. Even though debts to the IRS aren’t …

Bankruptcy can provide a fresh financial start for honest consumers struggling with debt, and recent studies have shown that filing for bankruptcy has a generally positive effect on both the person filing as well as society as a whole. Many …

The creation of the federal Home Affordable Modification Program (HAMP) was intended to help homeowners keep their homes in the face of the mortgage crisis and the end of the nationwide housing bubble. A recent report on the program’s progress, …

The word “bankruptcy” may conjure feelings of dread, fear and shame in many New Yorkers – but it shouldn’t. In fact, those who file for bankruptcy do better financially than those who continue to struggle with their current debts, according …

By Steve Rhode June 30, 2015 I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to …

If your financial situation is such that you are considering bankruptcy or have recently filed for bankruptcy, chances are good that your credit score has slipped. That one little number can have a big impact on your ability to get …

The U.S. has 50 states, about 320 million people – and about 369,000 debt collectors, according to the Bureau of Labor Statistics (BLS). That’s an average of about one debt collector for every 870 people, and the number of debt …