Getting Control of Spending with Five Proven Strategies

Today, many people struggle with finances. While bankruptcy is one option for getting out of debt and enjoying a fresh start, unless bad spending habits change, people will find themselves in debt yet again. With excessive debt comes harassing phone calls from creditors and the overwhelming feeling of being out of control. Fortunately, you can get a better handle of your finances. Regardless if you have already filed for bankruptcy, are giving serious thought to filing, or perhaps you just want insight into how you can spend less, the following information will help. Learning to Control...

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Reasons to Be Wary of Subscriptions

While signing up for subscriptions may seem completely normal and safe, you actually need to be cautious. Unfortunately, many people lock into subscriptions or contracts only to realize when they try to cancel that they have to pay an outrageous amount of money. As an example, to enjoy a new phone, a great plan, and all the perks, many phone providers require customers to agree to a two-year subscription. However, if someone becomes ill, loses a job, or faces some other issue and needs to cancel, the contract stands, meaning he or she must still pay $200 or more to get out of it. Regardless...

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Fighting a Creditor Lawsuit with a Homer Bankruptcy Attorney on YOUR Side!

After multiple attempts to collect on a debt, some creditors will take the next step by filing a lawsuit. If you find yourself in that situation, the worst thing you can do is simply ignore it, hoping the problem will go away. In fact, ignoring a creditor’s lawsuit is the worst decision you can make since taking no action makes it easier for the creditor’s attorney to secure a judgment. Taking Preventative Measures Obviously, it is in your best interest to do whatever it takes to avoid having a judgment filed against you. Although calling the creditor’s attorney to discuss some type of...

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Credit Counseling Demystifies Credit After Filing Bankruptcy

You may be surprised to learn that after filing bankruptcy, your credit score may actually improve. After bankruptcy, you no longer owe money to unsecured creditors. In other words, rather than being over your head in debt, the bankruptcy erases your debt, which in turn increases your credit score. Remember that bankruptcy remains on your credit report for at least 10 years. However, that doesn’t make it impossible to secure new credit, although you can expect to pay subprime interest rates. Interestingly, a recent study involving people who filed bankruptcy shows that these...

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Will I Lose My Home in Bankruptcy?

Will I Lose My Home in Bankruptcy? If you live in New York and worry about losing your home in bankruptcy, please know that this is not always the outcome. By working with a Homer bankruptcy attorney, we can determine whether or not your home is at risk. We’ll start with some questions such as: Who is the owner of the property? Is there one mortgage or more? What is the outstanding balance? Are the payments current? Many people believe that their home will be paid off in bankruptcy and, as such, nothing will be owed by the owner. In truth, the value of the home has to be determined if...

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