Consultations are FREE
It’s no surprise that Americans lost overall wealth during the Great Recession. Jobs were harder to come by, investments faltered and housing prices stagnated. Though we are now on the upswing, the downturn affected how consumers make purchasing decisions, from buying fewer luxury goods to taking out fewer loans. A recent Federal Reserve study showed…
Comedian Toba Beta once said, “You get old faster when you think about retirement.” Ignore this. The more you think about your retirement, the more alive you’ll get to be once you do retire. And if, like some of us, that time is increasingly nigh—you should consider how to live as well off as you…
A recent bankruptcy case indicates there is hope for individuals filing for bankruptcy with student loan debts. A 9th U.S. Circuit Court of Appeals partially discharged the student loans of Michael Hedlund after a 10 year battle in court. Ordinarily, debt from student loans cannot be discharged through the normal bankruptcy process. For student loans,…
Need a little help keeping your budget within the “sane” range? Previously, budget tools included pens, paper and lists. These days, budgeting tools have gone high-tech and include a number of online options that are ideal for helping you track your finances and build the lush savings account you’ve always wanted. Check out five of…
Tax season is upon us again. For many, that means tax and other IRS debts. Those struggling to pay off tax-related debts may wonder, can you file bankruptcy on IRS debt? The answer depends on your individual circumstances, but in many cases, bankruptcy offers quick, lasting relief from tax debts. Read ahead to find out…
When you are struggling and have overextended yourself, the first step toward getting out of debt is taking action. But, what course of action is best? Should you consider debt consolidation or file bankruptcy? Understanding the differences between these options can help you determine which is best for your financial situation. What is debt consolidation?…
Declaring bankruptcy is never an easy thing, however it’s the first step towards rebuilding your finances and credit. At Deluca and Associates we are trained chapter 13 and chapter 7 bankruptcy lawyers that can help you during this difficult time and take the first necessary steps towards resolving debt. Check out a few tips for…
It is a common misconception that student loan debt is not susceptible to bankruptcy. The truth is that student loans, whether federally or privately held, can be discharged by filing for bankruptcy. The key to discharging debt that you owe for your education is proving that the debt causes you an undue hardship. While “undue…
Do you often find yourself in a financial crisis, not able to pay for simple things like your home mortgage or car payment? Are you unemployed or under employed and worried about how you’re going to make ends meet? Do you have a family to care for or a business to run and no idea…
Bankruptcy is a big step, even if you’re having difficulty paying off debts. It stays on your credit report for seven years and can impact your ability to get a mortgage, apartment rental, car loan, or even a full-time job. If you have debts but don’t want to declare bankruptcy, there are several other options…
Although people file for Chapter 7 bankruptcy everyday, many still have misconceptions and questions about what will happen to them if they file. With so much uncertainty in unclear financial situations, one of the most common questions people ask is: Will I lose all of my property if I file for Chapter 7 bankruptcy? Generally,…
When your debt is discharged, the amount of money owed is essentially wiped away, relieving you of your obligation to pay. But when filing for Chapter 7 bankruptcy, it’s important to know that not every type of debt is discharged. Read ahead and find out which obligations Chapter 7 leaves you with, even after declaring…