About Me

Don’t Fear the Bankruptcy Boogeyman

When it comes to finances, most people think of bankruptcy as the monster hiding in the closet or under the bed. However, while it’s obviously beneficial to avoid bankruptcy if possible, the real boogeyman isn’t bankruptcy, it’s debt. Too much debt can be incredibly damaging, and it can cost you your home, your car, or even your business. As a financial planner, I tell my clients to think of bankruptcy as a weapon to use against the debt monster. Sure, it’s a last resort, but it’s effective – a bankruptcy can stop a foreclosure in its tracks and clear away debt burdens that you would otherwise have to carry for years. A good bankruptcy lawyer can be your knight in shining armor. I hope this blog will understand how to fight off debt, and when and how to use bankruptcy to banish debt for good.

Archive

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Latest Posts

2 Tips for Ending Your Car-Accident Case at Mediation

Posted on 11 November 2016

One of the more challenging times in life is sure to be when you're involved in a vehicle accident. This can cause you a great deal of stress and can cause a few problems in your life. The difficulties of being injured and suffering substantial financial loss are sure to create a hardship in your life. Being aware of tips that will help you through this situation by working to settle your case at mediation to quickly recover your losses may be your best choice.

Tip #1: Meet with your attorney

One of the things you can do that will enable you to feel more informed and less anxious about your case will rest in meeting with your lawyer. This is the time to discuss what may occur during mediation and will help you avoid some anxiety.

Listed below are some questions you may want to ask your attorney.

  1. How long does mediation typically last? It's a great idea to know about the amount of time you will need to be present at this essential meeting.
  2. Who will mediate the case? Having some information about the mediator is sure to be one of the ideal ways for you to feel more comfortable. Consider doing some research on this individual prior to mediation.
  3. Who will be present? Of course, being aware of all the parties that will be at your mediation is ideal, and you may be able to bring a person for your support.

Tip #2: Count your losses

One of the ideal ways to be as ready as possible for mediation is to be aware of your financial losses. Taking the time to create a professional report to present during this time can be critical to the outcome of your case.

Consider the items listed below and obtain an exact number for these.

  1. Recovery – If you've been severely injured, it's sure to cost a substantial amount of money for you to get well. Tally up your medical expenses and try to get these.
  2. Vehicle damage – If there is damage to your car, you will want to be sure to list this.
  3. Lost income – Not being able to work will cost you, and it's important to include this amount in your losses.

The ability to reduce the negative impact of a collision on your life will be left up to you. Be sure to consult with a car-accident lawyer to assist you in doing so today!


Share