If you've ever seen David Letterman you know he's made the Top Ten list famous. The guy's been doing the same routine for more than 15 years and it's still the most popular part of his show.My list is different, and probably not what you'd expect from one of the most successful Financial Advisors and Retirement Coaches in the Houston area. These are the most common excuses I hear for NOT planning smart for retirement.Reason #10: "I'm too busy"I...more
The main purpose of this form of bankruptcy is to regain control of your financial situation and have a fresh start. Under this plan it is possible to get fractional payment to creditors. In many cases this will be equal to 50 cents on the dollar, or less. The payments will be arranged in a repayment plan that will be controlled by the courts with the assistance of a court appointed trustee.The first step to filing chapter 13 is to acquire the...more
As a private debtor, meaning your debt is not derived from business conduct but rather from your personal financial situation, you have two basic options to you, chapter 7 and chapter 13. There are numerous benefits to chapter 7 including the amount of time it takes to file. Chapter 7 typically only takes a few months whereas chapter 13 involves a repayment plan that can be spread out for as much as 5 years.When filing chapter 7 your unsecured debt such as credit cards will be liquidated (wiped out) and your remaining debt will be paid out of any income that exceeds your cost of living determined by the courts, this income will be divided by your creditors. If there is any outstanding debt after the end of the payment period then it will be discharged by filing chapter 13.The first step to filing chapter 7 is to see if you qualify for self filing. There is a test that will indicate if your situation is conducive to filing without an attorney. This test is known as a means test. This test will basically determine the level of your situation and see if you need to settle the situation before the courts with the assistance of an attorney.There is an extremely large amount of paperwork...more
It is abysmal and often very difficult to take see yourself being insulted for debt, to see your property repossession and face foreclosure or simply not being able to see yourself on the other side of all your debts. If you also find yourself in such a case of mounting debts and torturing creditors then perhaps you should take the first...more
Investment fraud is as old as the world itself. From the day we stopped trading livestock and produce and began using money as a means of exchange, dishonest people have been trying to cheat and swindle it away. Though it is an old problem, recently Bemie Madoff and now (allegedly) Allen Stanford have brought it back to our attention in a big...more
Finding a bankruptcy lawyer, San Diego, can be tricky. This area of law is very specialized. A regular attorney can mess it up if it is not done properly. You need a lawyer that works in this area completely or at least on a very regular basis. The first criterion for any attorney is your comfort level. They need to be someone you trust. They should answer questions in a way you understand. Legal mumbo jumbo will get you nowhere. You have every right to get a free consultation and walk away if you are not comfortable with that particular person. Take as much time as you can in finding the right bankruptcy lawyer, San Diego. You can get referrals from your local bar association. They have lists of what attorneys specialize in this area. You can also get referrals from others that have gone through the process. When talking with an attorney, ask how long they have been practicing in bankruptcy law. Ask what they think of your case. Do they see it as simple or difficult? Once you find a bankruptcy lawyer, San Diego, get everything written down. A good attorney will know that and be the first to insist on a contract. Ask questions as to what is being covered by the contract....more
Bankruptcy court, California, is the place of last resort for many people. Whether you are an individual or a business, no one wants to experience financial disaster. But a down turn in the economy or a personal tragedy can put you in that situation...more
I could not afford the rental property I purchased when I was making more money and was advised to short sell the property, after I short sold the property I received a 1099 from the lender and had to include the amount I was forgiven as income on my...more
I used to make great money but now the company I work for cut bonuses, overtime and my regular hours. I am unable to pay my credit cards, some which I have had for years and never missed a payment and the creditors are calling me. I know I owe the...more
Many people avoid getting themselves a bankruptcy lawyer on the basis of the argument that getting bankrupt is not what their future holds. What they need to understand is that bankruptcy is something that can hit anytime and the only way to avoid...more
Are you searching for adaptable investment mediums that you control from your collection? Like stocks? Then you should learn about ETFs. What are ETFs? ETF means Exchange Trade Fund. ETF binds stocks and other negotiable things that are traded the...more
Many people have been dealing with stocks as their line of work for years now. A good number had their fair share of losses and more or less of these people had made a few extras than their losses. A number of people had been dealing with newly...more