As a bankruptcy lawyer, I see people every day who are working hard every day, just to earn money to pay the bills, and to keep their lives afloat. Today, I’m taking a step back to talk about why we work, instead of banging on
Read More
Archives for Money Tips and Help
Student Loan Cheat Sheet—New Program Starting Soon!
If you are burdened by student loans, help is on the way! The U.S. Department of Education is revising the Pay as You Earn program (PAYE) to be REPAYE. (Clever, get it?). This new program, based on the President’s executive order last year, is meant
Read More
US Dept of Education to Expand Pay as You Earn Program, and Help Borrowers
Student loan repayment can be a huge burden. The Obama Administration recently announced its plans for a Student Aid Bill of Rights, and now, it is also trying to rework and make the Pay as You Earn Program available to more students. The US Department
Read More
Illinois Bankruptcy Court: You Can Give up your Car in a Chapter 13 Case, Even if you can’t Deliver it
A Judge in the US Bankruptcy Court for the Northern District of Illinois just ruled that you don’t have to give back a car to “surrender” it in a Chapter 13 Plan. Let’s look at the facts: A person finances a car at 24.99% interest, and
Read More
Save Your Assets- File for Bankruptcy Protection!
This headline doesn’t make sense, does it? When most people think of bankruptcy, they think of “throwing in the towel” and losing everything. In many cases, it is just the opposite! Lately, I’ve met more and more senior citizens who run into financial troubles. It
Read More
New College Grads, Hit a Home Run with These Money Tips
Congratulations! You worked hard, studied hard, and came through in the clutch! You aced those exams, and turned in all the papers! Now, you are lining up that first job out of college! You are getting ready to really strike out on your own! But,
Read More
Spot the Credit Repair Scams! Don’t Fall for them!
Your credit score is very important. A credit score helps banks and other lenders determine whether you can borrow money to buy a house or a car, and, what interest rate you get when you borrow money. One percentage point difference on a mortgage for
Read More
Can I Buy Another House after Bankruptcy and Foreclosure? Yes You Can!
Back in 2008-9, when the foreclosure crisis started, foreclosures soared. People lost their houses after losing jobs and not being able to afford their mortgage payments. People then, forced to file for bankruptcy protection, asked me: will I be able to buy a house again?
Read More
What to do if You are Served with Foreclosure Papers- Is all Hope Lost? No!
If your mortgage has been in foreclosure recently, no doubt you have heard of programs such as MHA (Making Home Affordable), HAMP, HARP, (Home Affordable Modification or Refinance Programs) and others in the alphabet soup of programs that the Federal government created in response to
Read More
Money Management Tips for Business Owners
Every business owner, from the “Mom & Pop” restaurant to the Franchise Owner has to wear many “hats”. The most important “hat” to wear is that of the Chief Financial Officer. Even if you are just a sole proprietor, you have to keep your finances
Read More
