I am being sued! Should I file a response?

Most people do not like to think about their debt burden, which often leads to procrastination. We know that we owe payment on a medical bill or credit card, and we want to pay them but can’t. So far, they have only sent us threatening statements and phone calls. But...

Are you using tax refunds as a savings plan?

Financial advisors have long preached that receiving a tax refund simply means that the taxpayer has provided an interest-free loan to the government, and that you could instead be earning 2.25% on a 12-month T-bill investment.  Yet 65% of U.S. taxpayers say that they...

Bankruptcy basics: how to file bankruptcy

People often ask, “I have debt, how can I file bankruptcy?” While on its face, this is a simple question, it does require a number of things to be completed first. First, sit down with a knowledgeable bankruptcy attorney in your area. Making the decision to file...

The Meeting of Creditors

Preparing to file bankruptcy can seem to be an insurmountable task to accomplish. But once you’ve worked with your attorney to complete, sign and file the petition, you are presented with another hurdle to move past, the Meeting of Creditors. But don’t let...