May 23, 2020 | Frequently Asked Questions, Frequently Asked Questions About Small Business Bankruptcy
Filing bankruptcy personally under Chapter 7 or 13 will not jeopardize your business. Properly filed Chapter 7 and 13 cases are always done to preserve your business — your source of income. The purpose of any bankruptcy filing is to stop collection actions, preserve assets and provide a fresh start with better future income. Business cases, however, are somewhat more complicated than strictly personal financial problems. Get the expertise your business case requires.
Sound solutions can improve business profitability while protecting you personally. Our experience in the field can help you make the right, informed decision to implement the strategy that is best for your particular situation.
To Learn more about Small Business Bankruptcy, click here
May 23, 2020 | Frequenlty Asked Questions About Rebuilding Credit Score, Frequently Asked Questions
Absolutely, Although bankruptcy is on your credit report for up to 10 years, with proper advice, you can begin to reestablish your credit immediately after your bankruptcy discharge. In fact, it is likely that pre-approved credit cards will arrive within weeks of a bankruptcy filing. We know how to help you improve your credit, get good rates, and avoid future problems.
Read more about What Happens After Bankruptcy
May 23, 2020 | Frequently Asked Questions, Frequently Asked Questions About Bankruptcy, Frequently Asked Questions About Debt Collection, Frequently Asked Questions About Debt Relief
Consumers can sue creditors who have violated consumer protection and fair debt collection laws. Unlike other attorneys, we are not afraid to file suit against creditors who violate your legal rights.
Read more about How You Can Prevent Debt Collectors from Harassing You
May 23, 2020 | Frequenlty Asked Questions About Improving Credit Score, Frequently Asked Questions
Your credit score, or FICO score, is essentially a calculation used by lenders to determine your eligibility for a loan, how much you can borrow and the corresponding interest rate.
Previously, your credit score was a mysterious, hidden computation that was primarily based on your payment history. Today, the breakdown of your score is a more clear-cut computation based on numerous important factors.
The five different factors used to calculate a score range of 300-850 need to be carefully examined and understood:
- Payment history
- Amounts owed
- Length of credit history
- Credit mix
- New credit
To learn more about the FICO Score Calculation, read here
May 22, 2020 | Frequently Asked Questions, Frequently Asked Questions About Foreclosure, Frequently Asked Questions About Foreclosure & Divorce
Yes, but only if you have full and documented authority to act on behalf of your ex-spouse. While Divorce Decrees often call for the transfer of marital homes to one spouse or the other, this does not separate the transferring spouse legally from the mortgage holder. That legal connection still continues with the bank, regardless of the Divorce Decree, meaning that the bank won’t adjust or address any mortgage problem without the consent and active participation of the ex-spouse – A condition that can be fatal to any efforts to speak with or modify your mortgage after your divorce.
To properly protect your future, obtain a fully documented Power of Attorney before the end of your divorce action. This will allow you complete authority to control the full interest of y our house and negotiate with your mortgage holder far into the future without any consent or involvement from your ex-spouse. Read more about Divorce and Bankruptcy Proceedings
May 22, 2020 | Frequenlty Asked Questions About Credit card debt consolidation, Frequently Asked Questions
In our many years of experience, we’ve found that there are two types of credit consolidators: bad and really bad. These companies are essentially collection agencies for your creditors. They make empty promises to people facing overwhelming debt obligations, often promising to settle their debts for pennies on the dollar. They then collect monthly payments from struggling Connecticut residents who can ill afford to lose them to plans that offer no true solutions, led on by false promises and mirage solutions.
Make sure you fully understand all the steps of any debt consolidation program. They often take too long to avoid lawsuits or a full solution to all your debt problems. Your financial situation may actually grow worse. Amounts go unpaid, and you can end up facing lawsuits by creditors, as well as owing larger amounts than you started with before debt consolidation. If it’s not done right, a credit debt consolidation program can quickly hurt you more than it ever helps you.
