In part 1 we learned how this “ordinary guy” made a decent income. It was enough to afford a condo, a used car, and the expenses of everyday life. In part 2 we will see how credit cards got him into trouble, and how we were able to help. Ordinary Problems...
Just a Garden Variety Bankruptcy Part 1
If you’ve been reading about bankruptcy for a while, you’ve probably seen lots of stories about unusual circumstances that forced people into bankruptcy. You might have read about a guy who got into some kind of accident, or someone who contracted a tragic disease...
Is iHeart Radio on the Verge of Bankruptcy?
Have you ever wanted to just listen to whatever radio station you felt like at the time? What if you could search for radio stations by genre? One minute you might want some rock, the next minute it could be sports talk. How about creating a custom radio station to...
You Are Just Asking for Trouble if You File Bankruptcy Without an Attorney Part 2
In part 1 we learned that filing bankruptcy without an attorney is risky business. Now let’s take a look at more reasons to run out and hire an attorney ASAP. A Good Attorney’s not Free, and a Free Attorney’s not Good Still want to try it on your own? Here are some...
You Are Just Asking for Trouble if You File Bankruptcy Without an Attorney Part 1
They say a man who represents himself in court has a fool for a client. But that only applies to life-or-death situations, right? We are talking about bankruptcy, not the possibility of death row. This isn’t the O.J. Simpson trial or some episode of Law and Order....
Filing for Bankruptcy? Rack Your Brain! Part 2
In part 1 we learned about one of our old bankruptcy clients. He didn’t put too much effort into telling us about his financial situation. We learned that if you forget to disclose income or assets, you could be in serious trouble. We left off with him right in the...
Filing for Bankruptcy? Rack Your Brain! Part 1
When you file for bankruptcy, your attorney will painstakingly go through every single detail of your financial life. Make sure you feel comfortable enough with him or her that you can disclose everything. Your attorney is your advocate. He or she represents only you...
Bankrupt 50 Cent Still Spending Money Like the Millionaire He Is
Not all that long ago everyone was blogging about rapper 50 Cent’s bankruptcy. We all used terms like “broke” and “bankrupt,” implying that he was dirt poor. But that’s fair, because you have to be completely out of money in order to file for bankruptcy, right? Not...
So How Much Does it Cost to File for Bankruptcy? Part 2
In Part 1, we learned about the common complaint that if you could afford the fees to file for bankruptcy, you wouldn’t need bankruptcy in the first place. We also saw how this is entirely wrong. In Part 2 we will see how there actually is some validity to this...
So How Much Does it Cost to File for Bankruptcy? Part 1
We hear this statement from clients all of the time; “If I had the money to pay for bankruptcy, I wouldn’t need to file in the first place!” Let’s see if this is actually a true statement. Considering how many people file for bankruptcy every year, they are either...