Its OK to Laugh

Skippy and Nacho were looking at a new living room suite in the furniture store. Nacho says to the salesman, “We really like it, but I don’t think we can afford it.” The salesman says, “You just make a small down payment… then you don’t make another payment for six months.” Skippy wheels around, hands…

Bankruptcy Mistakes to Avoid

When people are in financial trouble, they often get creative in trying to solve their problems. After all, nobody WANTS to file bankruptcy and most people are willing to do whatever is necessary to avoid it. Sometimes, this can just dig the hole deeper. The best time to consult with a bankruptcy attorney is when…

Do I Qualify for Chapter 7?

In 2005, the bankruptcy rules changed making it more difficult to for people to become eligible to file for Chapter 7. One key ingredient in determining what someone’s options are is to determine whether they are above or below the median income. If a person or family is below the median income, they most likely…

Bankruptcy: Strategic Default

The housing crisis has affected almost everyone. Homeowners have seen the values of their homes drop dramatically leading some to question whether continuing to pay their underwater mortgage is smart. I think in some situations, walking away from a home that you can’t afford is the best choice. However, banks and the government are making…