The clumsy program, the Home Affordable Modification Program, created in 2009 by the Obama administration, known as HAMP, is now over, as is that administration. Back in 2009, the government, in a nod to help ease the struggling homeowners, created this program to try to
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Archives for Financial Planning
Listen to My Radio Interview-Aging Well in Chicago
It’s a pleasure when I can get the word out, and give practical advice on the financial challenges of middle age and beyond. When Jeff Bechar of ComforCare Chicago reached out to interview me for his new weekly radio show, “Aging Well in Chicago”, I
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Bouncing Back After Foreclosure
Fixing Your Money Problems – Makes You Stronger!
Today, rather than write a typical article on money strategies, like, “Why Having an Emergency Fund is Important”, or “How to Save Money Every Day”, or “Don’t Buy a Car You Can’t Afford”, I’m going to explain why having money problems is not only normal,
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You Lose Everything in Bankruptcy, Right? Wrong!
Bankruptcy is the “game over” of your financial life, so people say. You will lose everything! You will lose your house, your car, and never be able to get credit again! Have you heard these things? They are all WRONG! In fact, Bankruptcy is more
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What do you have in Common with Pro Athletes? They Can Have Money Problems Too!
Believe it or not, you and I have a lot in common with the multi-million-dollar earning athletes. We all have to follow the same rules of money health. Pay attention to the amount you spend, keep track of your expenses, and spend less than you
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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
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Parents of College-bound Students- Prepare for YOUR Test- The FASFA! Avoid Crushing Debt!
One of my jobs as a bankruptcy attorney is to counsel people on how to handle student loans. The first line of defense is to borrow as little as possible. Plan ahead, and you can get more financial aid for your child, and less student
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Call Me Maybe? Hey I Don’t Know You, and This is Crazy! IRS Phone Scam!
Carly Rae Jepson sings, “Hey, I just met you, and this is crazy, but here’s my number, so call me maybe”. Do you see the trouble? She gives her phone number to a total stranger! That’s exactly the trick—you don’t know them, but somehow, they
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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
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