So many people are living paycheck-to-paycheck, it is easy to just make a generalization that it is just plain expensive to make ends meet and to live and support a family. If you are living paycheck-to-paycheck, you might as well just throw up your hands,
Read More
Women and Money– Don’t be Left in the Dark!
A large percentage of my clients are single women. And, many of the women have very little knowledge about their own finances. There are many reasons for their lack of knowledge. Sometimes, if they were married before, their husband “took care of” all the finances.
Read More
What Credit Score Do You Need to Buy A House?
When most people think of financial success, they think of having a nice house, a reliable car and a good job to be able to pay for those things. So after years or working, and renting, people start thinking of moving up to the next
Read More
Is it Morally Wrong to File for Bankruptcy Protection?
When people are thinking of bankruptcy, most often, they have tried everything else. They tried to consolidate bills; they tried to call their creditors to work out a payment plan. They borrowed all they could from their friends and family. They withdrew all of their
Read More
What is an “In Rem” Judgment of Foreclosure?
In the last few years, as the volume of foreclosures has slowed in Illinois, the foreclosure courts have been processing the cases faster. Foreclosure cases that used to take one to two years have been speeding through the court at a more regular speed of
Read More
Entrepreneurs’ Common Money Mistakes to Avoid
Are you a contractor, builder, cabbie, realtor, mortgage broker, beautician, or barber? Do you run a restaurant or professional practice such as a dental, law or medical office. Then, you are an entrepreneur. That’s a fancy word, and, you are working for yourself, acting as
Read More
Here’s One Easy New Years’ Resolution for your Money
I could give you many lists of things to do with your money in the New Year. I could also rattle off lists of different ways to track your spending. Those are all great, wonderful ways to get a handle on your financial life. You
Read More
What to do to help Your Credit Score After Bankruptcy- Send Your Discharge Order to the 3 Major Credit Bureaus.
For so many years, you’ve been working to keep your credit score high. If you end up having to file for bankruptcy protection, there are ways to help increase your score, and to have the credit report accurately reflect the bankruptcy. Why would you want
Read More
House Sold Short in 2014? You may get a tax break!
In 2013, the U.S. Congress extended the tax break for people who sold their houses at short sales, or gave up their houses, and were forgiven the balance of the loan. But, so far, in 2014, they let that tax relief expire. See my blog
Read More
Life after Bankruptcy– Estate Planning
The best event of any bankruptcy case is when the Bankruptcy Court issues the Discharge Order. This means that the Bankruptcy case is done, and the debtor has finished it successfully. In a Chapter 7, that means that all of the unsecured debt is eliminated,
Read More
