Tag Archives: bankruptcy
Why millennials shouldn’t count on bankruptcy for student debt
According to a report by the Federal Reserve Bank of New York, Americans owe more in student loan debt than all the credit card debt combined. That is a huge financial epidemic. One that is felt heavily by millennials, many of whom are facing the harsh reality of the job market. While credit card… Read More »
How much can creditors take with wage garnishments?
If you’re deep in debt and behind on your payments, you could also be facing a lawsuit from a creditor. This lawsuit is likely to seek judgment against you, which, if granted by a judge, will give a creditor the ability to then garnish your wages for the purposes of paying off debts. If… Read More »
Financial windfall may not keep you out of bankrutpcy
Money problems that lead to the need for bankruptcy protection usually do not occur overnight. A sudden cash influx is a dream of many facing dire financial issues. While it may provide immediate relief, spending habits must change. Many lottery jackpot hopefuls believe that the right numbers will end their stress over finances. For… Read More »
The stress and fear that come with out-of-control student loan debt
If you have significant and unmanageable student loan debt, you are not alone. A growing number of post-secondary education attendees and graduates face the same financial stress. In spite of government programs created to improve management of monthly payments, defaults are at record levels. The number of borrowers defaulting has reached its highest levels… Read More »
The statewide economic impact of home foreclosures
While foreclosure of your home brings uncertainty, options exist as you face a lengthy and stressful process.Florida is one of a handful of states that requires foreclosures to take place before a judge in a courtroom. Defendants can raise legal defenses to the action without the cost of filing a lawsuit. Referred to as… Read More »
Delinquent payments big or small cause huge issues
There are many reasons why people fall behind on bills, and many of them are no fault of borrowers. Unfortunately, however, creditors throughout the state of Florida and beyond are typically unconcerned about why people fail to pay off debts or how small those debts actually are. Understanding how and why delinquent payments can… Read More »
The facts about inheriting financial challenges
Adults with aging parents are often confronted with a number of financial and emotional difficulties, as adult children may have to take on the role of caregiver as well as manage their parents’ personal affairs. The situation can become even more difficult when elderly parents have accumulated unpaid bills and/or a considerable amount of… Read More »
Putting consumer debt into perspective
Because different areas of the country are affected by regional and national economic conditions in unique ways, it’s important to analyze issues like bankruptcy and foreclosure rates on a smaller scale before making generalizations about state of the national economy. And when it comes to credit cards and personal debt owed by individuals, determining… Read More »
Innovative approaches to debt relief
There is no denying that residents throughout the state of Florida are facing serious financial challenges. And while many struggle with unemployment and/or the prospect of bankruptcy, countless people in the state and across the country are losing their financial footing under the weight of mounting student loan debt. That is why one state… Read More »
Holiday credit card debt can lead to financial challenges
With the approaching year’s end and the holidays winding up, many people in Broward County may suddenly find themselves facing a large amount of credit card debt. This is not uncommon since retailers often pull out all the stops to entice shoppers with end-of-year sales and fabulous discounts. Sometimes, people find that they have… Read More »