The recent change in economic conditions has forced many Americans to reevaluate their spending habits to prevent debt. In many cases, however, debt is inevitable. An increase in prices for everyday goods and the fact that many individuals have lost their jobs or are underemployed has led to an increase in debt such as credit…
Continue reading ›Once all the necessary information is gathered (discussed in a previous post), the petition and the schedules can be filled out. This is usually done by your attorney and his or her staff (note: while it is possible to file for bankruptcy without providing all the necessary information at the outset, you should consult an…
Continue reading ›The recent downturn in the economy has caused many in the Sacramento area to rethink what they do with their money. Many have cut down spending and created strict budgets. Many others have turned to various forms of debt relief to survive. One form of this debt relief is a tax relief on forgiven mortgage…
Continue reading ›Owning a home is the dream of many American families. For most families, a mortgage is necessary to achieve that dream. However, a mortgage is still a debt that, in difficult financial times, can put families in significant financial hardship. This can lead to the need for debt relief to try to save their home…
Continue reading ›Individual Americans are not the only ones feeling the pinch of the recent economic downturn. Cities throughout America are also trying to figure out how to make it work. Many cities, especially in California, are contemplating filing for bankruptcy as a form of debt relief. Bankruptcy can prevent creditors from harassing the individual who filed,…
Continue reading ›It is a tough decision to make, but sometimes bankruptcy is the only viable option to overcome a high debt load. Stockton, California, has come to this difficult conclusion: its city council recently voted to seek bankruptcy protection. Many Sacramento households can relate to the needs of the city and its decision to seek debt…
Continue reading ›Like the rest of the country, California residents regularly seek advice for reducing credit card debt and weathering other financial challenges. The plan is typically to pay back debt now in order to have a strong financial future. When looking at ways to pay down debt, the first piece of advice is to spend less.…
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