Tag Archive: human interest

The Modern Rules Of Family Finance

  How to avoid filing bankruptcy? We should revert to the old rules of family finance, even guru Suzie Orman agrees. Remember, those Depression era folks?  Some are still around, like my in-laws. They considered it damn near a sin to borrow money. Pay interest?  No way. Never had a credit card or a car…

Planning For Hard Times

Short term advice is difficult to give, unless you are off the cliff and flailing in the sky already. Assuming you are not there, let’s look at some long range tough times Plan B advice. One, of my dozens of cousins, budgets for what he made at his last job, or before his last raise,…

Michigan Bankruptcy Mortgage Options (Part Two)

This is the conclusion of a two part series, part one on bankruptcy mortgage options can be found here. Now, you cannot force the mortgage company to foreclose, or take your house back. They might agree to a short sale, but, as with a modification, you cannot force it on them. They might accept a…

Who Will Know If I File Bankruptcy?

Many clients ask me who will find out if I file bankruptcy?  Does my boss have to know? I don’t want my relatives and friends to find out. All court proceedings are matters of public record, unless the Judge orders the records sealed at the request of a party, and it must be for special…

Top Ten Reasons To Hire A Lawyer For Bankruptcy

1.  You want to keep your house. As with all these points, hey, if you know how, by all means, DIY. Do you need to reaffirm your mortgage?  Is there equity in your house that should be exempted? 2.  You want to get rid of as much debt as possible. Which debts can you get…

Is Your Main Squeeze A Spender Or A Saver?

Don’t let financial incompatibility kill your relationship! Or, maybe you should, sooner being better than later. If you are a spender and she is a saver, something’s gotta give. Apparently, we are more reluctant to talk to our partner about finances than almost anything else. The potential problems of a financial spender-saver mismatch are covered…

Ten Reasons Not To File Your Own Bankruptcy

I always tell people, if you are an electrician, go ahead and rewire your house, if you are a plumber, put in that new sink, but, if you are not, get someone who does know how to do those things. Same with filing bankruptcy. 1. It is easy to flub a procedural requirement, not file…

But, I Have To Have A Credit Card!

Those poor banks can hardly make an honest buck any more! They had contracts, which their lawyers wrote that allowed them to change the terms any time they felt like it. So, Congress said, hey, no fair!  and passed a law against it, the CARD Act. As their lobbyists squawked while the law was being…

Hang Onto Your Cold Cash

So I read this idea in Reader’s Digest decades ago. So goofy it stuck with me. Now, this was in the days before debit cards existed, and there weren’t 50 million Capital One cars floating around. So, people paid with checks or cash. Now, this tip only helps if you have stopped using credit and…

Beware Debt Collectors – on Facebook!

Over 250 million people are on Facebook. My own use of Facebook has changed. I used to check my friends every day, update my status at least that often. I changed my birthday after my brother told me he used the wrong one to thwart identity thieves. Everyone should all be careful about what information…