Get a Fresh Start

Are you struggling with debt?  You are not alone, there are over 1.5 million bankruptcy filings each year in the United States.  Bankruptcy could be the way for you get get a fresh start.  Call us for a free consultation and we could advise you of your options.  We have 3 convenient locations to serve you.

Settlement Offers

When you fall behind on your credit card payments your creditors may offer you settlements to pay them a lower amount.  This may sound like a great idea at the time but what they may not tell you is that they can report this to the IRS as income, you could then be required to pay income taxes on this amount.  If you file bankrupcty on these debts you will not have to report them as income.  In the long run bankruptcy is much better for most people than settling with their creditors.

REINSTATEMENT FEES

Are BMV reinstatement fees dischargable?  Yes, may people do not realize that they can file on their reinstatement fees once in their lifetime and then re-gain their driving privledges as soon as they file their case.  This can help people get back on their feet and back to work in a timely fashion.

Gambling

Quick money sounds great and many people are obsessed with the idea. Instead of investing extra money on the month, that money is spent on lottery or some form of gambling. Chances of winning are slim and the amount of money spent can be damaging if there is not control on funds. There is nothing wrong with gambling. The issue comes from addiction and loss of control. Stay on top of it.

A Loan Is Not the Answer

When falling on hard times financially a loan may not be the answer. Just because you qualify for the loan doesn't mean the ability to pay is there. The loan officer isn't always diligent in determining if the ability is there either. Be mindful of exactly what the loan payment is and really budget out to see if it is something that can be kept up with.  Just accept the means that are available and take responsibility.

Responsibility

Remember who is responsible. Whoever has the contract, credit card, or mortgage on their credit or in their name is the one held responsible. It doesn't matter who it is that is supposed to pay the bill. Don't agree to to take on the responsiblity if you can't afford it.

Refinancing May Not Be A Good Idea

There is no guarantee with refinancing. It may cost more in the end than expected. There are fees and additonal costs to consider with a refinance. Not only this but it doesn't mean that budgeting skills will improve. Find out everything possible before moving forward with such a big decision. Don't trust commercials that tell you it is a good idea.