Archive for the ‘General Bankruptcy’ Category

How to Survive on a Tight Budget

12 April 2013 by jacksonwhite  |  Bankruptcy Process, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Filing for Bankruptcy, General Bankruptcy, Money Saving Tips, Types of Debt  |  No Comments

Since most people in this world are not drowning in a bunch of extra cash lying around, we have to learn how to save and budget our money.  The following five tips will help you enjoy the pleasures of life while saving some dough. Plan out your life.  Decide what is most important to you.  Do you want to have the latest technology?  A decent amount of toys, such as, boats, cars, and quads?  Or do you want to live in a nice home, located in a safe neighborhood?  Whatever the case, you need to learn to have a balance…

Should I use a credit card after bankruptcy?

5 April 2013 by jacksonwhite  |  Bankruptcy Effects, Bankruptcy Process, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Score, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy, Types of Debt  |  No Comments

You might be thinking it is a bad idea to have a credit card after bankruptcy.  However, even though credit cards could have been your reason for filing bankruptcy, they are essential to use after this process in order to begin restoring your credit. Lenders, landlords, utility companies, insurance companies, and employers can look at your credit score to determine the amount you will be paying for loans. Since bankruptcy can destroy your credit score, it is necessary for debtors to restore their credit score.  If you don’t have a card, it will be impossible for you to score points. There…

Save Money on Vacation

29 March 2013 by jacksonwhite  |  Filing for Bankruptcy, General Bankruptcy, Money Saving Tips  |  No Comments

The last thing you want to be thinking on your vacation is: “I’m sinking in an ocean of debt.”  This will only create more anxiety for yourself.  Here are five tips that will help you save money on vacation. Skip the Hotel.  Paying for a hotel or motel is usually the biggest chunk of change you spend on a vacation.  If you will be in the same location for several days or weeks, renting a home or cabin could end up being cheaper than paying the daily rate at a hotel.  It is even more beneficial if you have a…

How to Save Money at Home

20 March 2013 by jacksonwhite  |  General Bankruptcy, Money Saving Tips  |  No Comments

It might seem impossible to save money when prices are continuously shooting sky high.  The following are five easy tips on how you can save money at home. Cut back on electric bill.  Since electronics absorb energy even when they are off but still plugged in, unplugging your devices when they are not in use can save 5 to 10 percent on your electric bill.  To save power, plug your cords into a power strip and switch it off when your appliances are not being used. Consider a home warranty.  If you are purchasing a home or live in an…

Credit Tips after Bankruptcy

20 February 2013 by jacksonwhite  |  Credit Score, Debt Collection Issues, General Bankruptcy, Money Saving Tips, Types of Debt  |  No Comments

Even though bankruptcy will lower your credit score, utilizing these helpful credit tips can aid you in restoring it. Review your credit report.  Know where you currently stand and what direction you are headed.  First, get a copy of your credit reports to ensure there are no errors. Pay bills on time.  Your payment history makes up 35% of your credit score.  Therefore, the simplest way to improve your score is to pay your bills when they are due. Carefully apply for credit.  After your bankruptcy has been discharged, it is wise to open a major credit card account.  It…

Money Saving Tips to Remember

13 February 2013 by jacksonwhite  |  General Bankruptcy, Money Saving Tips  |  No Comments

Saving your money is not always the easiest thing to do.  There are several small ways to save money that can be disregarded.  Here are some money saving tips you might not have considered when it comes to saving some dough. Don’t use the thermostat.  During the winter months, set your thermostat to 68 degrees Fahrenheit.  Once you are used to this temperature, turn it down more.  You could turn it down to 55 or 60 degrees when you are not at home to save even more. Bargain Shop.  Avoid buying brand names.  These types of clothes usually aren’t any…

Sticking to Your Budget

8 February 2013 by jacksonwhite  |  Bankruptcy Process, General Bankruptcy, Money Saving Tips  |  No Comments

Making a budget can be difficult, but sticking to it can be even harder.  Being able to budget can improve your financial situation, and in turn, help your marriage.  Here are some tips for saving and managing money. Focus on Savings.  Figure out how much of your income you are able to put into savings each month and hold it in a savings account or mutual fund. Use Cash.  Take out cash that you will use on frivolous items one week at a time.  It will be easier to decline a pair of $60 shoes if you don’t have enough…

Avoid loading credit cards before filing bankruptcy

4 February 2013 by jacksonwhite  |  Bankruptcy Process, Chapter 7 Bankruptcy, Filing for Bankruptcy, General Bankruptcy, Types of Debt  |  No Comments

Chapter 7 bankruptcy filings usually remove all credit card debts and other unsecured obligations.  So why not load up on merchandise before filing for bankruptcy?  There are several reasons why this is not the best idea. If you charge more than $1,150 within two months before filing, your trustee and the bankruptcy court may prohibit you from getting rid of that debt—even if it is unsecured—since those moneys appear to the court to be wasteful debt.  However, the court could pardon credit card purchases that were for medical bills or other urgent, nondiscretionary purchases. Try not to hide secured or…

Bankruptcy: Walt Disney

30 January 2013 by jacksonwhite  |  Bankruptcy Process, Business Owners, General Bankruptcy  |  No Comments

Before hitting it big with the Magic Kingdom, Walt Disney was the owner of an animation company called Laugh-O-Gram Studios.  It was located in Kansas City, where he brought animated fairy tales to life in local theaters.  When Laugh-O-Grams became more well-known, Disney had to find a financial backer to support the enterprise.  With the shadow of misfortune, the backing firm went broke and forced Laugh-O-Grams to go bankrupt.  Disney fervently tried to rescue his business by living in his office and eating beans, but that was not enough to save Laugh-O-Grams.  He eventually had to close it down.  However,…

Hardware Store Files for Bankruptcy

23 January 2013 by jacksonwhite  |  Bankruptcy Process, Business Owners, Chapter 11 Bankruptcy, General Bankruptcy  |  No Comments

A Houston-based company, Handy Hardware Wholesale Inc., filed for Chapter 11 bankruptcy after starting a second distribution center during the U.S. recession. The company was founded in 1961 by hardware retailers who wanted to discuss lowering the price of inventory.  Handy Hardware has 1,000 members who own the company completely.  They are over 1,300 outlets which consist of retail hardware stores, lumber yards, and home centers.  The decreased inventory prices made it easier for the members—mainly family owned, independent businesses—to challenge other companies like Home Depot Inc. and Lowe’s Cos. In 2009, Handy Hardware constructed a 460,000 square-foot warehouse in…

« Previous Entries

Contact us for more information

(480) 426-8397

Fill out the form and a member of our team will contact you within 24 hours.

We will only use this contact information for a one-time consultation unless you request otherwise. Read our privacy policy.