AllmandLaw

Do I Have to Appear in Court if I am Being Sued for Credit Card Debt?

Reed Allmand — Fri, 18 May 2012 20:50:06 +0000

Being sued by a creditor gives them legal means to collect from you when you haven’t paid toward your debt. If you receive a summons you may wonder whether or not to appear in court. Many debtors assume that if they don’t have the money, what is the point in showing up in court? While [...]

Refinancing May Now Be More Appealing to Homeowners

Reed Allmand — Fri, 18 May 2012 13:48:04 +0000

The Wall Street Journal (WSJ) recently did a report about interest rates in the housing market. Many homeowners have been reluctant to get refinancing but new data suggests this may be a good time to look into the option. It looks as if more banks are giving incentives to those refinancing since mortgage rates have decreased. According [...]

Octomom Bankruptcy Tossed after Failing to Complete Petition

Reed Allmand — Thu, 17 May 2012 20:39:23 +0000

Nadya “Octomom” Suleman filed a bankruptcy claim that recently was tossed by the court for failing to complete and file proper paperwork. Filing completed paperwork on time provides proof that a debtor is unable to pay their outstanding debt. In this case, since Suleman failed to provide complete documentation, creditors may move forward with their [...]

Am I Eligible for Unemployment if I Quit Due to an Injury?

Reed Allmand — Thu, 17 May 2012 14:36:58 +0000

Unemployment benefits are made available to those who lose their job at no fault of their own. Since each state has regulations regarding eligibility, it’s important to review requirements upon applying. Some states may only pay if you lose your job involuntarily. Employers make contributions to unemployment insurance programs that help make benefit payments to [...]

Can I Consolidate Credit Card Debt while Unemployed?

Reed Allmand — Wed, 16 May 2012 20:29:06 +0000

During a period of unemployment you have some serious decisions to make regarding outstanding debt. Debt consolidation is often an option consumers may use to help manage their debt. This includes combining outstanding loans with a new loan that pays off what was owed, leaving just one payment to be made each month instead of [...]

Is There a Way to Protect Assets During Divorce?

Reed Allmand — Wed, 16 May 2012 14:26:22 +0000

It’s common to feel as if certain assets are in danger with a pending divorce. Couples set to end their marriage have several important decisions to make. Reviewing information regarding assets can determine how they are divided as well as how they can be protected. Depending on the assets in question, you’ll want to review [...]

Be Aware of Con-Artists Claiming to be Debt Collectors

Reed Allmand — Tue, 15 May 2012 20:14:58 +0000

With a struggling economy, more scammers are trying to take advantage of people who are unable to make payments on their bills. Recent news reports alert consumers about scammers calling and claiming to be debt collectors in order to get personal details and even money from unsuspecting consumers. Scammers claim to be debt collectors but [...]

What Are the Consequences of Not Filing an Income Tax Return?

Reed Allmand — Tue, 15 May 2012 14:11:53 +0000

The Internal Revenue Service (IRS) often imposes stiff penalties for unfiled returns. Many taxpayers don’t realize that the IRS has ways of learning about income and other financial information when taxpayers fail to file. Most often, a federal income tax return won’t be filed if a taxpayer cannot afford to pay the liability. Since the [...]

Most Common Questions about Chapter 7 Bankruptcy

Reed Allmand — Mon, 14 May 2012 20:52:30 +0000

Chapter 7 bankruptcy may be the most common chapter filed but it is common to have questions about the process if it is being considered as a solution to help handle overwhelming debt. Discussing questions and concerns with a qualified bankruptcy lawyer can help determine if the process if right for you. The following questions [...]

How to Borrow After a Personal Bankruptcy

Reed Allmand — Mon, 14 May 2012 13:50:05 +0000

You may think that filing for a personal bankruptcy is like declaring a death sentence for your credit score. However, there is no denying that there certainly are ways you can borrow after filing for a personal bankruptcy. Ultimately, you can borrow the smart way – or you can take the path that puts you [...]