No Cookie-Cutter Cases!

In many consumer bankruptcy law firms, the overriding idea is to get as many people to “sign up” as possible.  And, with that approach, the bigger bankruptcy firms, especially in large metro areas, become “bankruptcy mills”.   The attorneys are mostly young, and the firms advertise
Read More

How Can Rap Star “50 Cent” be in Bankruptcy?

None of us “regular people” can relate to the amount of money that rapper 50 Cent (Curtis James Jackson III) makes on his songs, concerts and CDs.  If he makes so much money singing, and endorsing products, why is he in bankruptcy? In July, he
Read More

Bankruptcy Relief- Your Tax-Free Lunch!

Have you heard of the saying, “There ain’t no such thing as a free lunch”?.  Well, in the case of bankruptcy debt relief, there is! If you file bankruptcy, your debt is eliminated.  So, you have to pay tax on the debt you got rid
Read More

When do Debts Fall Off My Credit Report?

This is a common question.  Many people who fall behind in paying their bills end up having a long credit history full of unpaid debts that just won’t “go away”.   Or, a business owner may have a lingering debt from the past, and hopes it
Read More

Hello Old Debt– Why does it Stay, Just a Little Bit Longer?

How long does bad credit history stay on your credit report?  There’s a short answer and a long answer. The short answer is most negative information, such as Judgments, collection accounts, paid tax liens, and late payments, can stay on your credit report for 7
Read More

Will Winning the Lottery Fix Your Money Problems?

We have seen “Lotto Fever”. Millions of Americans plunking down their hard-earned money for over 1.5 Billion Dollars, or a share of that, before taxes. And, we do that in the hopes of solving our money problems, and being “set for life”!!! Did you buy
Read More

Warning! Danger! Loan Sharks Online!

Remember the good old days when, if you needed money, you’d go to your local banker?  Like in the movie, “It’s a Wonderful Life”, you’d go to the corner Savings and Loan, and borrow money from the Baileys to buy a home, and for whatever
Read More

If I File Bankruptcy, Should I Feel Guilty?

A while back, I wrote an article titled, “Is it Morally Wrong to file Bankruptcy?”   This is a question that many people wrestle with. Take a look at this blog on My Daily Finance “Should I file Bankruptcy? If I do, Should I feel
Read More