Most of the best bankruptcy attorneys have blogs which contain a wealth of information that folks with debt issues should be paying attention to more than ever. We’ve gathered together a few of these articles to get you up to speed on some important bankruptcy-related topics.
Articles from Some of the Best Bankruptcy Attorneys Across the Nation
It’s crucial to understand what bankruptcy can and can’t do for you if you’re considering it as a way to eliminate debt. This article by USAttorneys.com examines a few of its benefits and limitations. The point below is important to note. You’ll need to examine your debt to see where your primary sore spots are. If they’re in these areas, bankruptcy may not be the best option for you.
“Certain kinds of debts like child alimony and spousal maintenance alimony, other divorce related debts, student loans, restitution orders issued by court, most taxes and criminal fines cannot be discharged.”
This concept may seem counterintuitive at first, but depending on your financial situation, bankruptcy can actually help you purchase a home. For example,
“Bankruptcy can improve credit scores and other creditworthiness metrics. It’s avoiding bills and creditors that causes problems. In this sense, filing bankruptcy is the mark of a responsible person accepting the consequences of his or her actions. A bankruptcy discharge eliminates the attributes that bring down credit scores.”
Check out the post by Rosenberg, Musso & Weiner, L.L.P. for more tips!
Tip #2 in this post by attorney Paul Staley is AWESOME! They advocate that you start treating your personal finances as though you were running a business:
“The most successful businessmen and businesswomen develop the ability to emotionally detach from their business’s circumstances. This enables them to make more objective and sometimes difficult decisions.”
This is so true in the people we deal with. It’s often a simple shift in thought-process that can get people on the right track.
The golden years in life should be just that- golden. Retirement should be a time when you can enjoy yourself after a lifetime of working. Unfortunately more and more Americans are facing bankruptcy at a time when they ought to be kicking back and focusing on family and fun hobbies. This article by bankruptcy attorney Andrew Bellinson outlines the ways we’re leading ourselves into a tight financial situation in our later years.
"We’re all living longer, with women in the USA creeping towards an average lifespan of 80 years. Not clearly understanding how much their retirement will cost, and not preparing for inflation and the rising costs of living, leaves many senior running out of money at a time in their lives where working is no longer an option."
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