Has your job has been affected by the COVID-19 pandemic? Do you find yourself wondering how you're going to pay rent this month or next month? What happens when you don't pay rent? Will you be evicted? We've heard these questions from many of our clients and members of the community. Our leaders in the city, state, and federal government are working to find a solution to these problems. However, as of now, there are no free rides. If you, like many other Americans, find yourself out of work … [Read more...]
Bankruptcy-An End or a Beginning?
When most people think about bankruptcy for the first time, they associate it with failure. Failure can elicit a number of emotions, mostly negative, such as fear, depression, anxiety, and self-esteem issues. However, bankruptcy can't be encapsulated by that one word. It's much more complex. In this world, one's fortune can turn on a dime. A job loss or catastrophic illness can drastically alter one's financial health. Even when the cause of bankruptcy is human error, we all acknowledge … [Read more...]
Bank of America Files Foreclosure on Florida Couple That Paid Cash for House
Bank of America has not always enjoyed a stellar reputation and now we can see why. They've earned it. File this under outrageous and reprehensible. Florida residents Warren and Maureen Nyerges, were furious when their Bank of America branch threatened to foreclose on the home that they had purchased years ago. The bank threatened to take their home away, but the couple rightfully countered their threat. They had paid for their Collier County home in cash and the bank had no right to … [Read more...]
Bankruptcy Fraud Is Not Something to Dance Around
Lifetime's "Dance Moms" star Abby Lee Miller found out the hard way that you can't fool around with federal bankruptcy laws and get away with it. She has been sentenced to one year and one day in federal prison, followed by two years of supervised release, in addition to being fined $40,000 and ordered to pay a $120,000 judgment. Miller's problems began in 2015 when she was charged with hiding nearly $800,000 of income while going through Chapter 11 bankruptcy proceedings between 2012 and … [Read more...]
Money Issues-Dealing With Them Before You Lose More Sleep
Money problems can keep us up at night. It's a stress that many of us face at some point in our lives. I wrote about another source of stress, divorce, a few weeks ago. Financial stresses can be more difficult to deal with than any other type of stress in life because there may not be one solution to the problem. MarketWatch recently reported that 65% of Americans lose sleep over money worries. That's even higher than when the economy began to tank in 2007 (57%). The fact is while stocks … [Read more...]
