Don’t charge more on your credit cards than you can pay off at the end of the month.  Revolving credit is the worst kind of credit.  Credit cards are designed so that you charge purchases and then pay them off, not so that you can charge purchases and keep charging.  Most of my clients can […]

What do Walt Disney, Donald Trump (on more than one occasion), and Mark Twain all have in common?  That’s RIGHT – they have all declared bankruptcy at some point in their lives. Can you believe these people have all filed for bankruptcy? 1. Benedict Arnold:   Arnold faced financial ruin, falling £16,000 in debt, with […]

Purchase quality health insurance.  Many bankruptcy clients have been hit hard by medical bills.  If you don’t have health insurance and don’t qualify for a government program (which most don’t), one hospital stay could easily reach upwards of $100,000 in medical bills.  Some of my clients who are currently healthy but have been sick in […]

#4. Bankruptcy filers just don’t want to pay their bills. MYTH! Contrary to the stigma surrounding bankruptcy, a vast majority of our clients would love nothing more than to pay all of their debts. Unfortunately, those who wind up in our office are typically the victim of some unforeseen circumstance that is often times beyond […]

Prepare your children to make smart financial choices.  It is a proven fact that a vast majority of self-made millionaires paid for a portion of their own education.  In order for young adults to become financially secure, they have to be aware of the value of the dollar.  Teach your children what a budget is.  […]