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Bankruptcy

Manos Legal Services > Bankruptcy (Page 3)

How to Talk Money in a Relationship: Dos and Don’ts

[ad_1] My good friend Dave once went on a date with a woman who straight-up asked him which tax bracket he fell into. Taken aback by the woman’s lack of tact and transparent criteria for a partner, Dave swiftly changed the subject. After he paid for dinner, they went their separate ways. As you can imagine, there was no second date. While there are obvious faux pas with what money questions to ask while dating, it’s mission-critical to discuss finances when you’re coupled. Easier said than done, right? In the U.S., talking about one’s finances is typically considered more taboo than...

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Judicial Estoppel: Medical Malpractice Claim Survives Omission From Bankruptcy Schedule A/B

[ad_1] A chapter 7 trustee was allowed to pursue a medical malpractice claim that the debtor had failed to list in her papers, even where the trustee and the debtor had agreed to split the lawsuit proceeds. In this New Hampshire case, Alward v. Johnston, 2017-0080 (N.H. Dec. 21, 2018), the state’s supreme court disagreed with other courts that the debtor’s conduct in omitting the asset should be imputed to the bankruptcy trustee. The chapter 7 debtor had consulted with two different law firms before filing bankruptcy. Each firm declined to help her pursue a malpractice case based on failed back...

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Newbie Investing Mistakes and How to Avoid Them

[ad_1] You’re bound to make a few rookie errors when trying out anything for the first time, whether it’s making homemade greek yogurt, growing heirloom tomatoes, or learning to drive. After all, learning is a process, and trial and error is a large part of that painful—yet essential—process. And when it comes to investing, you might be afraid to take the plunge for a number of reasons. There’s simply so much to get your head around. Plus, you’ve most likely heard horror stories of those who suffered huge losses in stocks simply because they didn’t know what they were doing. That being...

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GasBuddy = Gas Savings

[ad_1] Now more than ever clients and ordinary people are trying to save money any way they can.  People will seek out obvious ways to save such as eliminating eating out or for me, stop coffee purchases. But what about looking for not so obvious ways to save money? Gas is one of those necessary expenses we think we have no control over the price we pay. But, that may not be true. There is a service called GasBuddy. It is a free application you may download on your phone or use through their website to check the lowest price of...

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Federal Workers: How to Protect Your Finances During the Government Shutdown

[ad_1] If you’re a furloughed government employee, you are likely feeling a good deal of stress and uncertainty about how to manage your finances during the government shutdown. While missing a paycheck is a financial moment no one wants to experience, there are many ways you can keep your financial health intact. There’s no need to panic just yet: use this time to take stock of the situation with these five steps. Determine your priority payments – and pick up the phone To start, take stock of your current financial responsibilities. Figure out what bills need to be paid now and what...

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Rescission & Bankruptcy

[ad_1] Rescission, what is it and what does it have to do with bankruptcy? 11 U.S.C. § 524(c)(4) outlines the basis for rescission but it really does not identify what rescission does for you. A rescission breaks or cancels a promise to pay and it is completely legal IF performed according to 11 U.S.C. § 524(c)(4). Clear as mud? Let’s break it down even further. When you file for Chapter 7 relief you may be asked to reaffirm on such things as a house or vehicle note. There are reasons you may or may not want to reaffirm those notes but for...

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Can Gratitude Fix Your Relationship With Money?

[ad_1] When you’re trying to get your financial house in order, it’s easy to get lost in the specifics. You might stress about how to adjust your budget, where to find some extra cash for the holidays or what funds to choose for your portfolio. But sometimes, making the right financial choices will only take you so far.  Many of us have deeper issues with money – issues that can’t be resolved with spreadsheets or budgeting apps. As much as we might like to think that our financial choices stem from cold logic, they’re more likely to come from emotion. It’s...

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Saving for College? Here’s What You Need to Know

[ad_1] The average student loan debt is currently $37,172, racking up over $1 trillion in student debt nationally — and this number is only expected to grow. As a parent, this may spark some worry about your child’s financial future. You want them to establish good money management habits like building credit and avoiding debt, but with so many financial hurdles, the prospect may seem insurmountable. The good news is that with some proper education and planning, you can start saving for college and set your child up for a quality education that won’t break the bank. Here’s how. Anticipate Your Savings...

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How to Reassess Your Spending Plan in 7 Steps

[ad_1] Just like how your needs and preferences change, so do your spending and saving patterns. In turn, budgets are living, breathing things. With that in mind, the end of year is the perfect time to take a deeper look at your money situation and make changes to your spending plan. After all, how can you get to your destination without an up-to-date roadmap? Here are steps to take to review your spending plan, and make tweaks accordingly: 1. Account for Changes in Living Expenses If you’re feeling a bit of a squeeze with your budget, there are greater forces at large. It...

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Top Tips to Save on Big Purchases

[ad_1] Living an ultra-frugal lifestyle can get exhausting. It feels good to save money, but some people take it to extremes that border on compulsive. When you find yourself scouring the internet to find a coupon for 10% off a tube of toothpaste, it’s probably time to reevaluate your priorities. But there are times when extreme frugality actually pays off, such as when shopping for a large purchase. The 10% coupon that seemed so silly to use on toothpaste could be worth hundreds if used on a couch from West Elm. Getting as little as 3% cash back on a new...

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