You finally decide to file bankruptcy. I do not expect you to be a lawyer, or to even know the law. There are two things you should never ever do financially, especially in the lead up to bankruptcy. Each basically involves debt consolidation instead of bankruptcy. When should you do them? NEVER! The things you…
Why are seniors and Baby Boomers filing bankruptcy in record numbers? The Pittsburgh Post Gazette reported that the two largest increases in bankruptcy filings are seniors and Baby Boomers: 1. From 1991 to 2007 bankruptcy filings for people over 65 increased 150% 2. During the same period bankruptcy filings for people 75 to 84 years…
One of the saddest parts about being a Cleveland bankruptcy attorney is when retirees come to my office to file bankruptcy. I might never have the luxury of retirement. Not that I won’t slow down, but what I do is something that can keep me in the swing and on the cutting edge of technology. …
Do you know you can keep your 401k and file bankruptcy? Yes, all of it. The first post I did for this site cautioned against using your it as an ATM. Recently the news reported that record numbers of middle income families had tapped retirement funds for emergencies. Think about having a 401k retirement nest…
Have you thought of cashing out your 401k instead of filing bankruptcy? The plan says you can always take a loan, or get the money if it is a hardship. If stopping the bill collectors isn’t a hardship, what is? Need breathing room, don’t you? Put your foot on the brake! Your 401k is not an…