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Saturday, October 16, 2021
Tuesday, July 6, 2021
Have you ever asked yourself - "How can I pay this debt down?!" Where do you start, it can be overwhelming and hard. But armed with these easy steps, you can pay your debt down and eliminate it.
First, you have to know the basics, how much money you have coming in, and how much going out! Or, in other words, a budget.
Second, change what you spend on. Most spending his habit spending, and those can add up. If you like coffee, avoid the high end coffee shops, and brew at home. If you eat out a lot at lunch during work, pack your lunch. It takes three weeks to effectively change a habit, you can do it, and save money.
Third, lock up those cards! Put them away, take them out of your wallet. This will take away your ability to use them on a whim.
Lastly, pay off your debt as quick as possible. A lot of advice out there says pay off the highest balances first, then move down. But that can be more counter productive, pay the lower ones first, and they will come off your "plate" quicker, and you will get gratification from seeing them lower ones go to zero, and eventually falling off the credit report. You will still pay on the larger ones, but you can eliminate the smaller ones quicker and get the euphoric feeling of accomplishment.
In sum, you can pay off you debt, it can be done, you just need some basic steps and habit changes and you can get there.
If all else fails, don't count out bankruptcy, it is a quick and legal way to do so, and will not hurt you as bad as you think. As always, contact me for a free, no obligation analysis. At 313-343-9930 or email@example.com
Monday, November 9, 2020
One of the most difficult decisions that you can face is whether or
not to file for bankruptcy. For individuals, there are two types of
personal bankruptcy - Chapter 7 and Chapter 13. Designed to give the
filer a fresh start in life by wiping out certain debts, a Chapter 7
bankruptcy will rid the filer of credit card and other unsecured
debt. A chapter 13 bankruptcy, on the other hand, is a court-approved
payment plan in which the filer is required to repay a predetermined
percentage of their debt. The determination of which chapter to file
will be based on the filer’s disposable income, if any, after
paying their necessary monthly bills.
When many people file for bankruptcy, their first thoughts are of their assets and whether or not they may lose their home. In a Chapter 13 repayment plan, the majority of filers are allowed to keep their property in exchange for repaying a portion of their debts. A Chapter 7, however, is designed to be a liquidation process that often results in the sale of non-exempt property. Which property is non-exempt in a bankruptcy proceeding? Each state has it’s own laws pertaining to the amount of property that an individual or married couple can keep without having to worry about it being liquidated.
The official bankruptcy process begins upon filing a petition with the local bankruptcy court. This can either be done without an attorney, also known as pro se, or with the help of an attorney. For most, hiring an attorney is the best way to make sure that every form is completed accurately and in order to make sure their assets are protected as much as possible. Upon the filing of a bankruptcy petition, the court will assign a trustee to the case and will set a date for a Meeting of the Creditors. Although creditors of the filer are invited to attend, they are not required to do so. The filer, however, is required to attend and will be questioned by the trustee, under oath, while having the meeting recorded. This meeting is typically the only appearance required of the filer unless special circumstances are present.
Following the Meeting of the Creditors, often referred to as the 341 meeting, the creditors will have 30 days to object to the filers property exemptions and another 30 days to object to the discharge if the filing is a Chapter 7 bankruptcy. In a Chapter 13 proceeding, creditors may object to the payment plan but the discharge will not be granted until the payment plan is complete. A Chapter 13 bankruptcy can last for up to 5 years before the payments are completed and a discharge is issued. Following the discharge, the bankruptcy case will be closed and the process will be complete.
Call today 1-313-343-9930 or email at firstname.lastname@example.org
Saturday, July 25, 2020
Friday, March 27, 2020
As of now, ALL aspects of filing can be done remotely via email, fax, and telephone.
Our Courts and Trustees have all switched to hearings via telephone conference with no person to person interaction. So all the protections are still there for those who may still be facing garnishments, foreclosures, repossessions and other issues.
In addition to bankruptcy, my office has been handling remotely for over 5 years now, wills, powers of attorney, and medical directives. You always could get these services remotely with my office, and now is no exception.
There is never a good time to put off estate planning, and I am here to help in this crazy time.
Call, 313-343-9930 or email at email@example.com
Charles L. Basch II
Wednesday, March 18, 2020
Wednesday, May 29, 2019
For more information, contact Charles L Basch II, directly at 313-343-9930 today for a free comprehensive confidential consultation.