In June, the president signed into law new bankruptcy legislation that expanded and simplified eligibility for Chapter 13 bankruptcy by changing and increasing the debt limits. In the bankruptcy world, this is incredible news, as it may be incredible news for you. Chapter 13 debtors now can have up [...]
The recession is coming.. the recession is coming!!! Can you all hear that? A vision of Paul Revere on horseback warning the people should be running through your head. If you watch the news, we should be afraid of the coming recession. The problem is, the news warns us, [...]
Have you said these words? I have – and I know you have. Inevitably, it means you made a mistake and would like a redo. We all say it, but we know there are no “re-dos.” I most often say this to myself when I think back to the [...]
Check out his headline from the Consumer Financial Protection Bureau from Wednesday: CFPB Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020 Largest credit card issuers expected to hike fees further The article goes on to indicate that current first-time late fees have increased to [...]
Debt collection has arrived to the 21st century. It was bad enough when you were behind on your bills and debt collectors were calling you day and night; now, they have technology on their side. New rules just approved by the Consumer Financial Protection Bureau allow lenders to email, text, [...]
I always reflect during the holidays. While I often assess – the holidays are a time where I look at where we stand as a nation and do a self-assessment as to personal and business goals. I watch some of my favorite movies; Dave, The American President, Remember the [...]
The father of a friend of mine passed away. His father was a wonderful guy, but organization was not his thing. My friend was stressed over his death and went into panic mode - sifting through endless stacks of documents. Instead of looking at the documents, he was just [...]
I’m anticipating our first blast of snow for the season. Can you guess the relationship between snowflakes and credit card debt? Think about the first few flakes that fall. They are inconsequential. Soft fluffy crystals ranging from .2 to 5 mm in width. It is safe to say that [...]
Clients often ask me this question and I always ask myself the same question. Sometimes it is in the employment context. Should I accept the offer or ask for more money? In this case, my advice is usually, “Go ahead and ask.” My reasoning is that if they have [...]
Here we go again. The U.S. will default on its debt obligations if Congress does not act by Thursday. TV coverage makes it sound like we are about to go into the abyss – with the stock market taking a hit once we default. Does this sound familiar? – [...]
