Student Loans Under the Bankruptcy Code

bankruptcy code

    It is frequently stated that you cannot discharge students loans by filing for bankruptcy.  While that is generally true, it is not always the case.  The frequently cited case of  Brunner v. New York State Higher Education Services Corporation, 831 F.2d 395 (2d Cir. 1987) does hold that a bankruptcy filing can discharge […]

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The New Year Brings New Credit Card Debt

The holidays are upon us and a desire to give to our friends and family often leads to credit card debt that can be daunting. As the calendar ticks over to January, we come that much closer to the day the mail carrier brings those credit card bills. Now what? 1.    Don’t panic! It is […]

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Giving Back When You Are Short on Cash

giving back, donations box

As we enter the holiday season, thoughts turn to ways of giving back to those who are less fortunate. However, if you are feeling like one of the less fortunate, it may be hard to wrap your mind around how you can help. The truth is, there are some very powerful ways that you can […]

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How Do You Handle Unexpected Expenses?

unexpected expenses

Most of us don’t have a stash of cash under the mattress. And yet most of us will be hit with an unexpected bill: Car repair? Medical expense? Dental disaster? Home repair? Education cost? Unforeseen travel for family emergency? So what do you do when life happens and then hands you a bill? 1. Pray.  […]

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Are We Preparing Our Children for Financial Success?

financial success, teaching children about money

Understanding how finances work should be a lesson we teach our children from a young age. We need to help them prepare for financial success. Today’s children see their parents pull up to a machine, push a few buttons and money spits out. It is almost an answer to the age old question “do you […]

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Reading and Understanding Your Credit Report

employment report, credit report, consumer reports

The credit report holds important information about your financial history, your ability to pay bills and your overall solvency. Most of the focus is centered on the score. However, there are several criteria that make up your credit score which you should understand. Credit Card Use The credit card companies total the amount of money […]

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What Are Your Financial Goals?

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financial goals

Money can be so hard to talk about; especially when it comes to setting a budget or determining  financial goals. One woman recently summed it up while talking with a financial investor: “I’d love to think about investing but I have to have money first.” If you are in that situation, living paycheck to paycheck […]

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How to Stop Robbing Peter to Pay Paul

What does it mean to rob Peter to pay Paul? In researching the origin of the meaning of this common phrase, we learn: “The expression refers to times before the Reformation when Church taxes had to be paid to St. Paul’s church in London and to St. Peter’s church in Rome; originally it referred to […]

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Low Income People: Are You Being Sued?

being sued

Bankruptcy Advocates has advice for low income people who are being sued. Assume that you are on limited income – for example $1000.00 per month in social security or disability benefits.  You pay $350.00 per month rent, your utilities run $200.00 per month, and with food and your other expenses there is no money left […]

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Unable to Find Work? Look at Your Employment Report

employment report, credit report, consumer reports

Did you know that you can request a copy of your employment report? Frequently, we  encourage our clients who suffer from a low credit score to get a copy of their credit report and check it for inaccuracies.  For example, a creditor may have placed a negative item on your report when you have a […]

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