Here are eight ways to cut your monthly expenses… Sell household items you don’t use/want/need. Once a month, do a walkaround of your home and car, to spot needed repairs that could become costly ones if gone unnoticed. Comparison shop – always, always, always compare prices, online and in stores. Learn which stores have the […]
Can I Keep My Car If I Am In Bankruptcy Proceedings?
If you are considering filing for bankruptcy, you likely have certain assets that you want to keep during and after the proceedings are completed. Most states allow bankruptcy exemptions. Exemptions are those assets that are allowed under state and/or federal law to be withheld from the bankruptcy estate, and therefore are untouchable by the creditors. […]
Cities Filing Bankruptcy
The CEO of JP Morgan has recently stated that municipality bankruptcies (cities filing bankrutpcy) are on a rise. This is yet another effect of the recession – with income on the decline and foreclosures on the rise, cities are losing precious tax revenue and having to cut necessary services. Analysts are looking to these cities […]
Credit Repair Companies – Are They A Scam??
Every time the economy cycles down, businesses taking advantage of the downturn arise. The recent recession (or what some economists have actually labeled, “Depression”) and resulting credit crunch have resulted in credit issues for many consumers, and a related dip in their credit scores. Here come Credit Repair companies to the rescue, right? They can […]
DO I HAVE TO BE A U.S. CITIZEN TO FILE BANKRUPTCY?
You do not have to be a U.S. citizen to file bankruptcy. You do have to be a resident of the state in which you file your bankruptcy case and have lived there for the last 180 days. Filing bankruptcy without being a U.S. citizen does raise one complication. Most debtors who file bankruptcy are […]