What Should You Do If Your Paycheck Is Being Garnished for Child Support?


If your wages are being garnished due to unpaid child support, you might be having a hard time dealing with a smaller paycheck. Luckily, there are things you can do to help the situation. Here are some ideas to consider. 1. Argue the amount owed. Legally, in many states, paychecks can be garnished for child support as soon as the courts decide on the child-support payment schedule. However, in most cases, your paycheck will not be garnished unless your child-support payments are in arrears, meaning late.

1 August 2016

Deciding When To Throw In The Towel And File For Bankruptcy


Just because you think you can't pay your debts doesn't mean you really can't pay them and should file for bankruptcy. Bankruptcy gives you a way out of a financial quagmire; it does have its disadvantages. For example, it remains on your credit record for many years. Therefore, it's advisable to analyze your situation carefully and only file for bankruptcy if it is the last resort. Here are three strategies to analyze your financial situation:

14 March 2016

Understanding Your Bankruptcy Options


If you are in a position such that you are considering bankruptcy, then it is very important that you consider all of your options very carefully. Making the wrong decision can make a bad situation even worse. To help you out, here are some things that you should consider before making a commitment. Could you pay back your debts eventually? The best option for debt relief will almost always be a repayment plan over several years.

27 August 2015

4 Things to Consider Doing before You File for Bankruptcy


When you're having a hard time financially, it can affect every area of your life. You may be thinking about filing for bankruptcy, but before you do that, it's important to take the following actions to see if there are other options for you.  Negotiate with Those You Owe You might be avoiding calls from your creditors, so it may surprise you to learn that talking to them might help you in the long run.

29 June 2015

SSDI And SSI: What Is The Difference?


If you are interested in applying for Social Security benefits, you may be confused about the differences between SSDI and SSI, or Social Security Disability Insurance and Supplemental Security Insurance. Both of these government-run programs assist people who are disabled to receive payments. These two programs do share some similarities, such as being administered by the Social Security Administration (SSA) and having the same requirements for the determination of a medical disability.

24 June 2015

What Does The Recent "Conversion Leftovers" Decision Mean For Your Chapter 13 Bankruptcy?


If you're currently making regular payments to a trustee in conjunction with a Chapter 13 bankruptcy, you may be looking forward to the projected end date of your Chapter 13 plan. However, if you're instead looking to convert this plan to a Chapter 7 discharge and begin rebuilding your credit more quickly, a recent decision by the U.S. Supreme Court may affect what happens to your case -- and this decision could even mean some extra money in your pocket.

29 May 2015

Why Chapter 7 Bankruptcy May Be Better For You Than Chapter 13


If you are getting ready to file for bankruptcy, it may be very confusing deciding which method you should use. While each method has their own benefits, here are two reasons you may consider filing under chapter 7 bankruptcy instead of chapter 13. You Will Have A Financial Fresh Start The main appeal of chapter 7 is how it lets you start over by eliminating many of your major debts. This includes a car payment, mortgage, credit card bills, hospital bills, and even payday advances.

25 February 2015