Bankruptcy in the Era of COVID
September 28, 2020
Our Managing Attorney, Matt Herron, had the opportunity to discuss his thoughts on financial distress due to the COVID P...
Read More >Paying off costly credit cards has never been easy. However, it is about to get harder. The Office of the Comptroller of Currency has begun pressuring credit card companies to raise monthly minimum payments from 2% to 4%. Most credit card companies are falling in line. So, what do you do if you are struggling […]
In most cases a Bankruptcy is a better alternative to a home equity loan to get rid of unsecured debt. In a bankruptcy, you can protect $18,450 per person in equity in your home and eliminate your unsecured debt. Unlike bankruptcy, if you get sick, lose your job or can’t make your equity loan payment […]
(SPOILER ALERT) I recently watched the Oscar nominated film Blue Jasmine. In the film, the main character Jasmine French marries a very wealthy investment banker that ends up being a Madoff-esque fraud. Before Jasmine discovered that her husband was a fraud, she was living the typical life of a wealthy New Yorker, filled with clothing, […]
The fees for a bankruptcy are less than the costs associated with credit counseling or debt consolidation In a bankruptcy, the federal bankruptcy court orders your creditors to accept your best effort to pay your unsecured debts. In many cases you are required to pay nothing. In credit counseling or debt consolidation, you have to […]
I noticed on my last credit card statement that my interest rate had skyrocketed. I pay the minimum payment on time each month, and when I called to question the bank that issued me the card, I was told that because I had been late on other bills, I was considered a higher risk and […]