Posts Tagged ‘Finance’
Bankruptcy Questions : What Is a Secured Claim in Bankruptcy?
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A secured claim in bankruptcy means that the bankruptcy filer is secured to a specific item or items of the debtor’s property. Seek legal advice and safely file a secured bankruptcy claim with information from a lawyer in this free video on bankruptcy.
Expert: Andy Forman
Bio: Andy Forman, Attorney at Law, has been in bankruptcy representation for over two decades and has lead council in over 3,000 bankruptcy cases.
Filmmaker: Christopher Rokosz
Duration : 0:1:11
Bankruptcy Questions : What Is an Unsecured Claim in Bankruptcy?
An unsecured claim in bankruptcy means that the bankruptcy filer will not receive any money until all the priority and secured claims have been paid. Seek legal advice and fill out the necessary paperwork for filing an unsecured bankruptcy claim with information from a lawyer in this free video on bankruptcy.
Expert: Andy Forman
Bio: Andy Forman, Attorney at Law, has been in bankruptcy representation for over two decades and has lead council in over 3,000 bankruptcy cases.
Filmmaker: Christopher Rokosz
Duration : 0:1:9
Bankruptcy Questions : How to Claim a Student Loan on Bankruptcy
Student loans cannot generally be discharged with a bankruptcy filing, but a separate motion can be filed to claim a student loan if there are special circumstances. Consult with a bankruptcy lawyer to get help filing the appropriate motions to claim a student loan with advice from a family lawyer in this free video on bankruptcy.
Expert: Robert Todd
Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions.
Filmmaker: Christopher Rokosz
Duration : 0:1:58
Strategies To Get Out Of CREDIT CARD Debt: Billionaire Bill Bartmann Suggests Not Paying
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Billionaire Bill Bartmann, CEO of Bartmann Enterprises, appears on America’s News HQ on Fox News and provides successful strategies for how to get out of credit card debt.
Duration : 0:6:29
Debt Consolidation
When you go through a exhausting financial period, the monthly bills can be really overwhelming. This is the time when various people try to consolidate debt in order to reduce the monthly payments. In order to cover the existing loans and debt, you may have to borrow money against one of your assets such as the home or the car. This will allow you to reduce the number of creditors and make things simpler the management of your bank account. Moreover, you could get better loan conditions with a smaller interest rate.
It seems tempting to take care of the problem of existing debts, but you should not consolidate debt without a very careful analysis of your situation. Consolidation should be carefully researched in order to make a good financial decision. You may consider the following points under such circumstances:
Lower interest rates are a possibility if you negotiate with the lender.
When you borrow against the house or the car, you have to make sure that you can comfortably afford the payment.
Consider all the options. Other than official lenders, you can also borrow money against the life insurance policy or the retirement plan.
Work with a consolidator that you have confidence in because debt elimination services often hide scams.
Do not try to consolidate debt unless your credit score is at least decent.
Do not try to consolidate debt before talking to your lenders to check whether you can get lower rates.
Can you pay back the cash you lend?
Home owners have the best conditions to consolidate debt because home equity loans have better status than other types of loans. You can also benefit from tax deduction that results from home equity home interest. Even so, do not use your asset unless you have no option. The risk here is to lose the house you live in.
When you consolidate debt, you actually extend the life of your loans. When you want to make the payments sooner, you will have to pay an extra sum every month. You jeopardize the financial security when you stretch out the payments for too long.
Only a reliable consultant will be able to provide professional financial assistance for your situation. Do not borrow against the home before going through this stage. An informed decision is the proof that you are aware of all the implications of debt consolidation.
