What are some of the most common myths about the bankruptcy process? Myth One: Filing bankruptcy is a personal failure The Truth: Most bankruptcies are a result of financial distress beyond the individual’s control. With foreclosures, evictions, and financial distress directly related to the pandemic, more people need a financial fresh start. Myth Two: Both […]
Student Loans Place Burden on Parents
Child’s Education, but Parents’ Crushing Loans Gretchen Ertl for The New York Times “Jenni feels the guilt and I feel the burden.” Michele Fitzgerald, in debt for the loans she took out for her daughter Jenni’s college education. By TAMAR LEWIN When Michele Fitzgerald and her daughter, Jenni, go out for dinner, Jenni pays. When […]
Reconsidering Flood Insurance After Hurricane Sandy
Reconsidering Flood Insurance By SUSAN STELLIN IN the aftermath of Hurricane Sandy, homeowners and renters who have insurance are discovering what it covers — and what it doesn’t — while those with minimal or no insurance may be recalculating their risks. Phil Marden As images of waterlogged houses continue to dominate the news, the biggest […]
The Impact of Hurricane Sandy
After the Storm: Your Homeowner’s Claim Tom Mihalek/Reuters Mark Baronowski shoveled sand from the living room of a beach front property in Bay Head, N.J., last week. Many victims of Hurricane Sandy are novices when it comes to catastrophic insurance claims. There is a sort of honeymoon period that occurs after a big storm […]
How Fair, Isaac & Co. Generate Credit Scores
The interview with Daniel Gross begins here: Many people have questions about the credit scores generated by Fair, Isaac & Co. Today on Tech Ticker, Aaron Task and I figured we’d take our questions straight to the source: Mark Greene, chief executive of Fair, Isaac & Co., creator and proprietor of the FICO score. “The […]
More members of middle class file for bankruptcy
By Christine Dugas, USA TODAY Staci Schubert’s career has taken her from New York to California, from graphic designer to website designer to sales executive. Most recently, she launched a business as a designer of handbags and accessories. At 40 and with such accomplishments, Schubert is Middle Class America. She and her counterparts have long […]
How To Talk About Money With Your Spouse
New Jersey bankruptcy Article New York Times By Carl Richards, May 14, 2012 Years ago, my wife and I had dinner with another couple, whom I’ll call Bob and Sue. During the meal, we discussed money, the market and our goals and dreams for our families. Then we started talking about retirement, and that’s when […]
$25 Billion Foreclosure Settlement Reached
New Jersey bankruptcy Article The $25 billion foreclosure settlement unveiled Thursday is expected to help many borrowers who are struggling to make their loan payments, owe more than their homes are worth or have lost their homes to foreclosure. But the rules of the deal are complicated and banks have three years to meet their […]
How a Financial Pro Lost His House
New Jersey bankruptcy Article Article printed in the New York Times, November 8, 20011 By CARL RICHARDS ONE night a few years ago, when the value of our home had collapsed, our debt was out of control and my financial planning business was shaky, I went to take out the trash. There was this enormous […]
Healing a Wounded Credit Score
New Jersey bankruptcy Article By TARA SIEGEL BERNARD Published: February 18, 2011 Millions of consumers have fallen out of favor with the credit scoring gods. Some lost their jobs or were just overwhelmed by mounting debt. Others got caught up in the real estate bubble or had major medical bills. Whatever the reason, the rising […]
