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If you know someone who is having financial difficulties, pass this along to them. It makes their lives a bit easier if they end up filing for bankruptcy: http://www.consumerhelpcentral.com/stop-before-bankruptcy/
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Donald Petersen's profile photo
 
Too many people follow their instincts and create one (or more of these traps for themselves).  I hated to break the news to them.  Many of the people who had these problems saw the light, told me about what they had done, and we worked out a plan to navigate through the bankruptcy process while meeting the disclosure obligations.   I suspect that many of the people who did not return to sign up for me to represent them did not tell their next lawyer what they had done and took a HUGE risk that the trustee or the court would object to their discharge.   The truth sets them free.   Lying, may get them a discharge but it can always be set aside later.
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Even damaged credit heals with time and attention.
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Although the IRS is a priority creditor, you can declare bankruptcy on tax debt in certain circumstances.
 
Those struggling to pay off #tax-related #debts may be wondering if you can file #bankruptcy on IRS debt. The answer will depend on your individual circumstances.
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While filing for bankruptcy brings some debt relief, bankruptcy fraud is not an option!
 
Check out our latest blog on bankruptcy fraud, what it is and the different types of fraud out there.
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Your One-Stop Guide To The Discharge In Bankruptcy

People go through bankruptcy to get a discharge. The problem is, most of them have no idea as to what that means.

In the real world, a discharge is grounds for a trip to the doctor.

But in the world of bankruptcy, a discharge is a legal release from personal liability for payment of a debt.

Doesn’t help? OK, how about this:

When the bankruptcy court discharges you from a debt, you don’t have to pay it back. Not now, not ever.

Of course, there’s more to it.

Here’s the guide (pass it along): http://bit.ly/1eBGGjA
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Success Is Found In Attaining Desirable Objectives.

When people are in debt, they consider the only success to be in payment of those obligations in full.

But if you've chosen a desirable or intended objective, then success is only in meeting that objective.

Is your desirable objective the $0 balance due, or is it your long-term financial stability?

Answer that question and you've got the bull by the horns.

My full thoughts are here: http://bit.ly/1dFlXYI
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Who do you think is most responsible for the rising amount of student debt in the U.S.?
A. Colleges and universities
B. Federal government
C. State governments
D. Students
E. Other
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Dennis Hampton's profile photoSteven Odom's profile photo
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Have you ever heard of the saying , "They are worth more alive than dead"?  I think this is the business decisions of major institutions.  Yes, I know....I'm making a conspiracy theory, but if I was greedy like them I'd do the same thing.

You're probably like, "Odom, get to the point!"  I think these institutions use the "worth more alive.." model with a twist.  They use, "They are worth more in debt than financially free".  Ok...let me explain.  There are 5 major institutions that control America:
1. Media
2. Education
3. Financial
4. IRS
5. Credit Bureaus

GUESS WHAT!  They are all kinfolk (that's cousins just in case you yelled WTF at the computer screen) and they work together!

You probably heard that 95% of the wealth is owned by BIG businesses and 5% is owned by investors.  Look at the history of colleges and universities.  We always hear major institutions "making a donation" to school programs.  If I drop $10 mil on something....I'm going to have some say how it's ran....indirectly.....behind the scene.  For generations the media has pump it in our heads that we should finish high school, graduate college, so we can get a good job with benefits.  Now it's part of society....if you think different...you are labeled as an "F".

So the little ol' student goes to college and finishes at the top of their class to only be in 10's of thousands of dollars worth of debt.  Now you have to go out and work the full 30+ years just to get ahead.

For those who get lucky and get paying....may pay off their loans in 15 years....now it's our children's turn.  now the extra money we have is going to our children's school loans,  Then we retire poor then die.

Nasty system my friends.  What system(s) do you have working in your favor? 

#LETSEMPOWEROURPEOPLE
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A lot of times bad things can happen to good people even when it comes to debt. They have done everything right but something has happened and it's thrown them off track and they are not able to afford their expenses. So at what point do you start to seek professional help? 

In part 7 of our Financial Literacy Trustee member's interview series, Jamie Johnson, a trustee with +Allan Marshall & Associates Inc, talks about the common triggers that can lead to debt issues and what a professional can do to help: http://bit.ly/1f5ClYr%C2%A0 #FLM2013  
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It blows my mind how many of my clients walk in the door without a clue about their own financial situation.  They know it's bad, but not why - or even how bad.

Anyone else have this problem if you counsel people about their financial situation?

Read the article here: http://l.egal.bz/1bc1SYN
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Can you be arrested for a debt? What can you do if you keep getting calls from an unknown number? 

http://goo.gl/UhBUcQ
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I wrote a blog post today.  One of those really raw ones that I just close my eyes and press publish.

It's never easy for me to reveal myself, but I hope that in this reveal I can make a difference.
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Sara Williams's profile photo
 
It must have been hard to write that.

A friend of mine has a motto "You owe them your money, not your life!"

For anyone in the UK who is desperate, call the Samaritans, any time of the day or night, 08457 90 90 90
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There is a reason this nation was prosperous on  the bi-metal standard, it is because these metals hold their value-
Not one paper currency has lasted more than 100 years- and this is the Federal Reserve Notes 100 + year of existance
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Nicholas Treyton Maynard's profile photo
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Find out if it's possible  to budget your way out of debt.  If not, you need a Plan B.
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Your Mortgage After Your Bankruptcy Is Over

Own a home and want to keep it after bankruptcy?

Better keep paying that mortgage because the bank can still foreclose if you don't.

Here's what we tell our clients: http://bit.ly/1dyg7YK

#bankruptcy #foreclosure #mortgage 
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Peter Mullison's profile photo
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#Studentloans, the next big threat to the U.S economy? http://goo.gl/BW9g25
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Hi from Australia!  I wanted to share a blog post I wrote this week in response to a media piece on Australian television. 
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Duke Henry – Your #Maryland #Collection #Agency that Collects with Compassion :- As a local Maryland collection agency that serves local clients we understand that you need a collection agency that can manage your accounts receivable with compassion. We understand the people that we are collecting from are your clients first, many of whom may continue doing business with your company after their delinquency has been cured.   Perhaps they are experiencing a short term cash constraint or perhaps there is a legitimate dispute about the product or service delivered.  Whatever the reason, you need a collection agency in Maryland that understand the local marketplace and is trained to efficiently and effectively recover the money owed to your business..  http://www.dukehenry.com/maryland-collection-agency/
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Taxes are a killer but a desire to minimize taxes should not guide the mortgage selection process or other decisions.  Especially in this interest rate environment.  
This math problem in this post attempts to provide some insight into how the deductibility of mortgage interest on federal and state income taxes impacts the mortgage choice decision.   Question:  Consider a person with a...
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3 Best things about #subprime   #loans  
1) Maintaining the repayment schedule
2) Credit Access through these loans
3) No hard verification
To know more visit http://bit.ly/HDTslT
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How can you convince a collection agency to send a written agreement?

http://goo.gl/NmXydi
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