Posted on February - 22 - 2011
Some things are easier said than done – and it looks like that might be the case when it comes to retaining the smart saving and spending behavior so many Americans adopted in response to the recession.
Last year, 63% of consumers said they had modified their money habits because of the economy, according to a poll by Citigroup. Just one year later, that number has dropped to 52%. Incomes are on the rise once again, and apparently so is consumer debt – one of the problems that led to our economic troubles in the first place. Could budgeting and avoiding debt end up like the majority of New Year’s resolutions – out of sight, out of mind? That depends, say Chicago bankruptcy attorneys.
It’s unrealistic to think that we’re all going to continue saint-like behavior when we have more money to work with – it’s just not human nature.
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Posted on February - 19 - 2011
A number of lending experts suggest their clients and even mention it on their websites and blogs that applicants of bad credit auto loans should always attempt to have a discussion with their lender before he/she takes a decision with the loan. The competition in the lending industry is such that the loan might get approved anyhow but chances are that the discussion which takes place can be good for the borrower in the present circumstances and even in the future. Moreover, it gives an opportunity to form a rapport of sort with the lender which makes the lender accept the borrower as a good client and makes him or her listen to the things which affected the situation.
However, just mentioning the woes wouldn’t help as the borrower also has to inform the lender on the things which are being done to ensure that the lending errors and debts are being cleared. M
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Posted on February - 19 - 2011
Can I gamble money right before bankruptcy?
Gamble Away Money Before Bankruptcy?
It is not illegal to gamble. You are certainly within your rights to gamble. However, we have been involved in a few cases in which the issue of funds gambled away immediately before filing for bankruptcy has been brought up. Can you lose otherwise non-exempt funds gambling and then file for bankruptcy right after?
Can You Prove Your Gambling Losses?
First, it is often difficult to show a receipt for a gambling loss, and you may need to prove that the money was actually gambled away, and not just hidden under your mattress. An additional objection by the trustee in your case may be that you have intentionally wasted assets. If the Trustee can prove that you wasted assets intentionally, this can be considered by the Court as a basis for denying a discharge. W
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Posted on February - 18 - 2011
It doesn’t interest me what you do for a living. I want to know what you ache for?
Will you dare to dream of meeting your heart’s longing?
That is what matters the most!
