05.15.2014 | by Kenny Steinberg
Filing bankruptcy is a major decision and one that can understandably cause considerable stress. Your well-intentionED friends might even be telling you that you will lose everything when you file.
04.04.2014 | by Lauren Lamb
01.28.2014 | by Lauren Lamb
I vividly remember sitting around in my apartment as a college junior discussing finances with a few friends one day. All of us in the room had student loans except one person, and most of us had credit cards. Chad was kind of bragging about the fact that he didn't need to take out student loans, didn't have a credit card and paid cash or used his debit card for everything. He thought this meant that he had good credit, because he wasn't in debt at all. Even as a 20 year old, I realized his logic was flawed. Maybe this is when I should have realized I was destined to be a bankruptcy attorney. I chimed in, “It’s great that you don’t owe any money, Chad, but you have no credit history, no way of a lender proving that you have a good track record of paying things. That is not a good thing.” The conversation moved on and Chad brushed off my comment.