If you fail to plan, you plan to fail: Most bankruptcies are a result of an unforseen event such as divorce, illness or the loss of employment. The problem with that statement is that “unforeseeable” events are all but unforeseeable. Yet, most people fail to plan for life’s “What Ifs,” i.e., “What if I lose my job?” or “What if I get sick and can’t work?” and that’s the real problem. One of the most common mistakes we encounter in our office is people’s tendency to spend mo
Is filing Bankruptcy bad for your credit? Seems like a simple question with an obvious answer. The truth of the matter is that it all depends. If you are paying all your obligations, meeting all your necessities and actually reducing your credit card balance, maybe bankruptcy is not for you. If however you are not able to meet your necessities, or maybe you are just paying the minimum due but the amount you owe is increasing or even staying the same, bankruptcy may be the f
Most people just think about their mortgage when they hear the word "Refinance". Refinancing your mortgage could be a good idea, but several factors should be looked at. Although the interest rate being charged is certainly one of the primary factors, you must also consider whether there are pre-payment penalties on the existing mortgage and whether you expect to actually keep this new mortgage long enough to make back the closing costs involved in obtaining the new mortgage.