As a bankruptcy lawyer, I promote living as debt free of a life as possible to avoid getting into the type of financial trouble which leads to bankruptcy.    However it isn’t enough to just avoid debts for buying luxuries, it is also necessary for people to plan ahead for necessities like medicals.  People must consider [...]

This blog is about Debt.  Our leaders in Washington are about to strap us with a bucket load of debt.  Debt that will be with our grandchildren, even though the Government anticipates making a profit.  Make no mistake there will be a bunch of arms twisted, and We Will Have A Bailout Bill soon.  The [...]

The Dow Jones Industrial Average fell over 777 points today.  This is the largest one day point drop in history.  However, the percentage drop is not the worst in history although it is significant.  I must admit that it was very difficult to work while history was being made.  While I was glued to the television [...]

Another online site, The Consumerist, recently ran an article about Andy Fanellie being dunned by AFNI, a debt collector, for an old Verizon bill. Andy Fanelli is a Lhasa Apso dog whose owners deny that a Verizon account was ever opened by him or on his behalf (on the other hand, an American Express [...]

A furious husband found out that his wife had charged over $60,000 on their credit cards and they weren’t in a position to repay them. I could practically see the steam coming out of his ears and the shame on her face as they sat in my conference room discussing bankruptcy.
But it only took [...]