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Monthly Archives: February 2013

Combating Medical Debt Disasters

February 27, 2013 | Posted in Medical Bills

It is now estimated that medical debt accounts for nearly 40 percent of all personal debt burdens, and represents over 60% of bankruptcy filings. With one in three Americans describing their medical bills as a “financial burden”, the slope becomes even more slippery as the economy continues to challenge the workforce. Medical illness and job […]

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The American Airlines, US Airways Merger

February 25, 2013 | Posted in News

The conclusion to the near 15 month American Airline bankruptcy case has been anxiously anticipated. After steep job cuts and contract re-negotiations, continued customer service reductions, and a roller coaster of potential buyout discussions, it seems as though the newly merged airline will emerge financially healthy. SoaringĀ  Into The Future A deal has finally been […]

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Before Bankruptcy Considerations

February 22, 2013 | Posted in Filing Bankruptcy

The bankruptcy process is guided by some very specific guidelines. In order to get the most out of your bankruptcy case, it is important to take time to consider a few aspects about your situation before you file. Reviewing The Details While your mounting debt burden may seem like an emergency situation, remember that bankruptcy […]

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Benefit Checks In Bankruptcy

February 20, 2013 | Posted in Filing Bankruptcy

Many people are under the impression that receiving any type of assistance or benefit checks makes them ineligible for bankruptcy. There is actually no rule against qualifying for bankruptcy based strictly on the receipt of benefit checks. Rather, your entire financial situation is taken into account to determine eligibility. Income Determination In order to be […]

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FTC Continues Debt Collection Crackdown

February 18, 2013 | Posted in News

In today’s economy, debt burdens are rising and so are the number of debt collection or debt relief scams. For many unsuspecting consumers, becoming victim to the hands of a scam artist over their debts is a growing problem. Luckily, the Federal Trade Commission is working hard to prevent such abuses, prosecute violators and educate […]

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Dealing In Debt While Unemployed

February 15, 2013 | Posted in Debt

The economy has been a challenging one for many families in recent years, and many people are still feeling the effects of a less than fruitful job market. For the unemployed, daily living expenses become a huge burden and past due debts are simply out of the realm of payment possibility. The key to gaining […]

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Winning Wage Garnishment Wars

February 13, 2013 | Posted in Wage garnishment

Wage garnishment is not a pleasant experience. In fact, many people find out the hard way just how difficult the process can be. Further, you could have your wages garnished without any warning. While creditors must follow a certain protocol to obtain a garnishment order, there are plenty of instances in which your debt accounts […]

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Congress Considers Student Loan Debt Troubles

February 11, 2013 | Posted in News

The student loan debt debate has been circling the floor of Congress for some time, as many are pushing to find a solution to the near $1 trillion problem. Since the change in bankruptcy laws in 2005, the rate of student loan debt default has continued to grow exponentially and many graduates are ending up […]

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Understanding Chapter 13

February 8, 2013 | Posted in Chapter 13

Many people looking for help with their debts assume that the bankruptcy process can grant them a quick and easy out for their debt payments. While the Dayton bankruptcy process is designed to be a tool for protection for the debtor, there is more to the process than a simple banging of the court gavel. […]

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Bankruptcy Dismissal: The Basics

February 6, 2013 | Posted in Bankruptcy

Anyone filing for bankruptcy is looking for one outcome, a debt discharge. However, the bankruptcy process is guided by some strict guidelines, and failure to follow these rules could lead to a case being dismissed. Here is what you need to know about a dismissal: Reasons For A Dismissal There are two types of bankruptcy […]

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