Across the United States, hundreds of billions of dollars are spent each year in wagers and gambling. According to the American Gaming Association, nearly $150 billion alone was spent on illegal sports betting. As a result of these statistics, many Americans find themselves in over their head in debt from gambling and gaming. One of…
In the United States, it’s said that 10 out of every 1000 people file for bankruptcy each year. Those who do file make this financial decision for several different reasons. Some of the most common include overextended credit, inability to make payments to creditors, and debts that outnumber the financial value of personal assets. If…
Credit is king in the modern age. It can affect your ability to borrow funds, invest in real estate, and whether or not you can add that fancy credit card to your wallet. Sometimes a credit burden can become overwhelming. When debt accumulates to the point where you have no other choice but to file…
You park your car before you head into the supermarket. An hour later, you return to where you originally parked to find your car is gone. Your heart races. You dial 911. “Help, I think someone stole my car!” Relax. More often than not, your car wasn’t stolen; your car was likely repossessed. Still, that…
There’s a lot of doom and gloom surrounding bankruptcy, but in reality, bankruptcy is a solution to a problem, not a problem in and of itself. If you’ve filed for bankruptcy, there’s still hope for your credit being repaired in the future; you just need the right plan to get back on track. A qualified…
Using a credit union is generally a positive experience. They were established as an alternative to traditional banks, serving their community with more affordable options. Credit unions offer lower interest rates along with membership status to everyone they serve. Being a member comes with the privilege of being a part of the one-person-one-vote system of…
Filing bankruptcy can be a tedious process to do on your own, which is why it is imperative to choose the right lawyer when seeking legal counsel. To ensure your case goes in qualified hands, you must show due diligence by making your selection with proper consideration, and not on a whim. There are many…
When filing Chapter 7 bankruptcy, you should avoid a few things to ensure the smoothest process possible. Bankruptcy is a legal decision a person makes when it becomes apparent that a debt situation is looking unrecoverable. It’s often one of the most challenging financial decisions in a person’s life; therefore, if you’re facing bankruptcy, you…
Spring cleaning often means getting rid of things in your home that you no longer need. The process can also include making sure your finances are in order. Use the time during spring cleaning your home to examine your budget, how much money you bring into your home, and how much money you’re spending on…
If you’ve filed for bankruptcy, there is virtually no need to hide assets. With a few exceptions, most property is protected from creditors under state and federal law. As such, there is absolutely no reason to be anything other than entirely transparent during the bankruptcy process. That said, it’s still a good idea to have…
