Category Archives: Bankruptcy

The Wrong Way To Declare Bankruptcy

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Here’s a hilarious video clip from The Office (one of my favorite television comedies), demonstrating the wrong way to declare bankruptcy: Related Posts:Bankruptcy Basics VideosClose Your Bank Accounts Before Filing BankruptcyDo I Make Too Much Money to File for Chapter 7 Bankruptcy?Watch Out For Cheap Bankruptcy Firms

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Close Your Bank Accounts Before Filing Bankruptcy

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Here’s a valuable tip that I offer to my clients during our bankruptcy consultations: Close your checking and savings accounts if you also have outstanding loans at the same bank. Now, you may be thinking, “But I love my bank!  I’ve been with them for years and they’re so friendly.  They gave me a free…

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Bankruptcy Basics Videos

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I love documentaries.  It’s easier (and more entertaining) for me to learn something new by watching a video than by reading a book. So if you’re a visual learner like me and you’re interested in learning more about bankruptcy, check out my new video page.  On the page you can view a series of nine…

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Do I Make Too Much Money to File for Chapter 7 Bankruptcy?

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Here’s a great bankruptcy question sent to me on Facebook.  My reply was too long to post directly to my Facebook page, so I made it a blog post instead: Q:  Is there a debt ratio used when filing bankruptcy… meaning can I make too much money to file a Chapter 7? A:  Most people…

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Watch Out For Cheap Bankruptcy Firms

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  Here’s an MSN Money article by personal finance columnist and author Liz Pulliam Weston that is well worth a read.  The article isn’t new, but its report on the risks of hiring a low cost “Bankruptcy Mill” to handle your bankruptcy case is still relevant today.   According to Ms. Weston, there are 2…

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