By choosing to be a bankruptcy lawyer, I conscientiously opted out of being a family lawyer. When I embarked on this journey to help people with their debt, I did not realize how much of an impact I could have on people’s personal relationships.
Eleven years into my legal career, I look back and remember a specific case I handled many years ago.
During the evolution of this seemingly “standard” chapter 7 bankruptcy case, I was introduced to “phantom payments” and to this day, I am still haunted by it.
In our modern, western culture, we use the symbol of a scale to define justice. This scale represents the importance we place on balance and equity in our legal system.
Unfortunately, way back in 2005 the attempt to balance that scale may have caused it to tip too far and topple.
The decision to (or not to) file bankruptcy, which could be a life changing one, should not be made based on the advice of an ill informed family member, friend, coworker or "expert" on social media.
As adults we no longer save our money in piggy bank. Our version of the piggy bank is our retirement savings. Too many people have none, but that is a discussion for another day.
Many are enrolled in mandatory or voluntary retirement plans through their employers. Others started saving early for retirement and have built up a decent portfolio.
According to financial reports, outstanding credit card debt is set to hit the $1 trillion mark in 2016 as banks loosen lending restrictions and push their plastic. Could we surpass the all time high of $1.02 trillion set in 2008 as the Great Recession hit?
Debt to income ration can and should influence your decision to file bankruptcy.
Slavery is a powerful word that invokes thoughts of a much darker time in world history. While certain forms of human trafficking and ownership exist in our modern world, these practices are not accepted and usually take place underground and in the shadows. Unfortunately, there is a modern form of slavery that pervades our society and shackles millions of American families.
Homeownership has become synonymous with the American Dream mindset but how far have we fallen down the rabbit hole. I have seen too many people living the dream and sacrificing reality.
It’s 2016 and carrying cash seems to be a thing of the past. It used to be that you had to physically exchange something you had (cash or coins) for something you wanted to purchase. I firmly believe that this “exchange” made people more reasonable consumers.
What do Abraham Lincoln, Henry Ford and Walt Disney have in common? Yes, they were motivated, driven, passionate individuals, each with their own vision. Without a doubt, these three individuals left their mark on the world we live in. However, the abolition of slavery, the affordable automobile and an enchanted world for children and adults almost never were.