Defining a Debt Settlement

March 16th, 2012

Money is an aspect of life that makes the world go round and round. We rely on money to not only take care of our necessities such as food, gas, and bills, but also the things that might be seen as wants. However you look at it money is not only a want, but also ultimately a need. When money is lacking it not only impacts our lives now, but also our future with our spending and saving ideas. However, we are all not perfect and bankruptcy is now a financial aspect that individuals are becoming more and more familiar with each day.

When individuals are down in the financial dumps with bills needing to be paid, and food needed to be on the table many people begin to turn to bankruptcy. While a bankruptcy is a good avenue to take, many individuals do not truly understand the multiple aspects of filing bankruptcy.

Turn on your television set for just a moment to your favorite program. When the commercial portion of the program comes up count how many times you see commercials that deal with money and how they can get you out of debt, “Right now!” If you are like most Americans you see maybe 5 or 6 ads in a single sitting.

While most people can differentiate that of facts and fiction with these advertisements, some cannot. A debt settlement is basically an immediate agreement that helps the present problem at hand. It gives you a little leeway and time to properly get your finances in order. However, do not be surprised when a letter from the IRS comes stating that you owe taxes, because this avenue of help does not completely include all aspects of your finances into it’s solution.

Individuals who partake in these quick plans of action cannot only get themselves into trouble now, but they can end up completely messing up any chance of getting to the light at the end of the tunnel of finances anytime soon.

When you are having money problems and are considering filing for bankruptcy you need the advice and experience of a bankruptcy attorney in order to get the facts and figures you need.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Social Media and Your Bankruptcy

March 12th, 2012

Today, whether you choose to accept it or not, we as Americans are within an economic recession. From individuals simply saving more versus that of spending less, to people actually loosing their jobs and not being able to find another the recession can be seen from all walks of life. However, it should come to no shock thanks to news programs and the internet that individuals are actually having to file for bankruptcy simply to make sure they can keep their head above the flood of debt. Yet, can your social media websites affect your bankruptcy?

Technology is an active part of the life of an American today. One thing that you probably do at least once everyday, or even more is log on to your Facebook account and interact with your friends and family all over the world. However, what you might see as an innocent post on a friend’s wall or a status update could easily compromise your file for bankruptcy in an instant.

Many bill collectors and prosecutors today are beginning to check into social media websites more and more. This is not only bringing the true nature of situations to light, but also easily making an individual’s file for bankruptcy more difficult. Bill collectors can easily pose as “friends” on Facebook and go through all of your posts, pictures and interactions with others and see if you are really living the life of an individual who has just filed bankruptcy, or if you are just taking advantage of the system.

Those bill collectors posing as friends not only run into answers and truth when becoming friends with these individuals on Facebook, but also run into a gold mine of evidence that can be present in court to prove the individual who filed for bankruptcy is living well above their means.

At the end of the day you need to make sure to consider who truly adds you on Facebook, especially when you have filed for bankruptcy. Make sure to set your privacy settings on your account accordingly in order to make sure that your bankruptcy is not compromised in anyway.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

The Housing Market V.S. The Economy

February 15th, 2012

The United States stands as many different things to people not only as Americans, but also all around the world. To those that are citizens of the country it stands as their home, a place that they can always find themselves back at with familiarity and comfort. To those from outside the boundaries of the country it stands as a beacon of hope, and equality that they one day may be able to be involved and participate within. However, is everything running and going as smoothly within our fair country as it may seem to some?

An economic recession impacts individuals, businesses and the government in many different ways. With individuals it may decide whether or not they keep their employment status or if their pay will be cut. With business, it can decide what products will be available to it’s consumers, its availability, and the amount of workers that will be employed in order to complete such things. However, the government is something a little different. As we all know, taxes come and go and come back and are still expected to be paid whether or not you have debt.

The housing market has plummeted over the past few years as a result of both high debts, taxes being required in more than one area, and the eventual file of bankruptcy being done by individuals, and families alike. However, many studies and sources have come to state that the housing market is going to take a turn for the better in the upcoming year. Many banks and other crediting businesses have come to jump in on the bankruptcy and foreclosure of homes and have been selling them back to consumers at a lower cost. With low costs and nice homes being available people would think that everyone is jumping to buy.

However, due to the economic times we are currently in many people are still saving versus spending and not ready to take on the task of such an investment. Today, with the recession becoming lessened and lessened each day many business journals have begun to state that people are finally starting to get back on their feet. Hopefully in the coming year we can begin to see more individuals beginning to buy intelligently over spending frivolously.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Bankruptcy Court Addressing Your Debt Issues

February 10th, 2012

Today, money is a matter that we are all familiar with in one way or another. Whether it is the money we are doing for chores, our income that we so diligently work for, or our hard earned retirement plans we are use to money have to pay for necessities and luxuries alike. Although, in the past individuals have had more leeway to spend money on simply whatever they want, and have the option of paying someone or something back thanks to the option of the magical credit card. However, everyone does not make sure to read the fine print that it starts and ends with when you are agreeing to borrow and use money that you simply just do not have.

When an individual is considering bankruptcy they are considering a few factors such as what it will do to their financial state now and later, how it is going to help them especially over the hurt they are feeling at the moment, and even what investments they will be able to make in the future. Although bankruptcy is made out to sound like a negative aspect that individuals face or companies have to file due to their supply being greater than their demand.

Bankruptcy is really there to help individuals get back up on their feet from the depths of debt the light of their income and what they are truly getting. Courts primarily make sure that bankruptcies go through properly meaning that payment plans are done accordingly, individuals are keeping track of the money that is needed for various aspects, and also keeping creditors off their back in order to pay back what is necessary. Many creditors attempt to hassle individuals that are in serious debt with them. If this occurs courts can help institute the laws and rules that are associated with whatever chapter of bankruptcy they decide is more necessary to file for.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Personal Injury V.S. Bankruptcy

January 17th, 2012

As it has become common knowledge today the United States is currently in a state known as a recession. Many individuals feel the recession in different aspects. A consumer/citizen feels the impact of a recession in their pocket and has to differentiate what is a need and want when spending. A company might feel the recession in their sales if it is a luxury item, or priced high that individuals simply do not need. Basically, people have finally come to terms with the value of a dollar and what all can truly be done with it especially when saved.

However, sometimes your dollars and cents can easily be impacted. Let’s say for example that your walking in a department store looking for a toaster. As you see the aisle marked “Toasters” you then begin to make your way to it only to find yourself on the ground in the next instant thanks to an unmarked puddle of water on the floor. As a result from the fall you just broke your shoulder. This is known as a personal injury, which people can easily fight for the damages sustained from the incident in order to make sure medical bills and lost wages are accounted for.

Yet, does a bankruptcy impact your personal injury claim and case? Usually in a bankruptcy, the stipulation that an individual’s possession are repossessed comes to mind to many. One then can easily jump to the idea that a personal injury lawsuit could end as a result of such occurrence. However, depending on most state laws a personal injury suit can be exempt only up to a certain amount of money, or damages received.

When you file bankruptcy it is highly important that an individual list a personal injury past, or present case taking place as an asset so that they may file for their exemption of such instance occurring in order to make sure that their damages are not completely taken. It is very important to make sure that when fighting for your personal injury case while in bankruptcy to let all parties associated with the case whether it is your lawyer, or another parties lawyer aware of you and your circumstances.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

 

Credit Cards, Necessities and Bankruptcy

January 13th, 2012

In this day and age money is needed from a small and large scale. For instance, our country is in an economic recession and even our national debt is at a record high. Individuals today are feeling both of these in many various aspects from employment, to income, to even what bills they are paying for and what food is being put on the table. Many individuals are not only fighting for their jobs and staying afloat in the job market, but they are simply trying to make sure they are just on their feet still standing at the end of everyday.

However, sometimes individuals are faced with situations that luck is not on their side that results in their employment termination, or having to take out money in order to pay for something that was unexpected. Credit cards are there in the minds of individuals as a lifeline to help them climb out of a hole with money that they might not have available in their banking account, or income at all.

Necessities have evolved over time to having to pay for electrical bills, buying food for your family, having clothing, and shelter for themselves and family. However, if you are currently in bankruptcy and you charge necessities to a credit card such as clothing, food, and shelter will you be prevented from filing bankruptcy?

The correct answer is no. Within bankruptcy stature, Section 523(a)(2) states basically that individuals can still file bankruptcy if charges were made on necessities that are within the reasonable spending limit of $500 that are not luxury items. Although the government may sometimes be seen as something that is not always on everyone’s side individuals can rely on the care and help that bankruptcy laws state in order to make sure that they are still living with things that they need for themselves and their families.

Bankruptcy is a real action that many individuals today are coming to face. When your facing a potential bankruptcy, individuals are advised to seek legal consul of a dedicated, determined attorney that is there to fight for their rights and needs.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Creditor Problems: Before, During, AND After?

December 21st, 2011

Today, the United States of America is known to all countries as one that gives the power, and liberties to an individual of any nationality and background, as well is a beacon of hope to those in other countries seeking freedom. However, one thing that those people do not usually get is that a recession is currently within the country, which can easily break down individuals as well as increase economic hardships on individuals from all different parts of the country. However, is there ever a shining ray of sun light at the end of the dark never ending tunnel?

Before the recession was truly deemed, “the economic recession of our time” people were generally already in debt. Debt is not completely bad it does keep money circulating and pushes people to keep employment status and work ethics, but debt at an extreme level in a recession is completely different. Usually, people end up using credit cards here or there to pay for some clothes, bills, or maybe even just food. However, when they say it is time to pay they are not playing.

At first creditors simply just say you have an extension, but at a inflated rate, or maybe they are just completely lenient. However, as time progress so does the hassling. Many people not only yearly, but weekly report of creditors hassling them and even scaring them in order to pay the amount they owe. However, one interesting fact is that even after your debt is paid creditors apparently still seem to hassle you for no apparent reason.

Some creditors act like individuals still owe an amount of money that was not properly disclosed with the set debtor, or say it was yet another additional fee of extensive debt being owed, but most of this is simply just a  ploy in order to keep the money coming to them.

Whenever you’re in debt you should not only seek the financial advice of others, but also seek law advice after the first phone call from a credit hassler. We all fall short of money every now and then, but make sure when it happens that you have a plan in place with an experienced, compassionate lawyer.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Progression or Recession?

December 14th, 2011

As history is taught throughout of years of education we learn that with time comes change. Over the years many aspects within life have changed minor to major ones. In prior civilizations we have seen religions change, gender roles change, and even the overall ideas of society change throughout the entire world. Change usually brings many different things to the table for most such as triumph, financial gain, hardships, and even death but inevitably the phrase “Change is good” applies to most people. However, some change is not a step forward, but yet a step backwards that seems to be pushing society back as a whole.

Today, history has progressed greatly when it comes to the technological innovations that can be seen in almost every household world wide from televisions, to the coveted cell phone that many have grown to not only love, but need with daily tasks within a person’s life. However, we have take a huge step back in the United States in recent times thanks to the financial state the country is currently in. Similar to that of the 1929 stock market crash Americans are financially unstable within their overall budgets today.

From spending too much and not saving, to using credit cards versus the money that the have as disposable income people are not financially conscious of what are wants and needs. People who once lived in beautiful, large homes are now in small apartments, or maybe living with their parents. People, who were once executives of companies, now have to ask the question “Can I take your order?” at fast food restaurants. Those who had money to spend frivolously now have to scrap of the pennies that they hope to find in the grocery store parking lot.

Most families today have been impacted by the recession by cutting back their costs, saving, and shopping smart, but are not having to make drastic changes like some are throughout the country. Change is an inevitable part of life that challenges people on a daily basis. However, people are not defined by what problems they encounter, but more or less how the deal with them and their overall success.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

Personal Property and Homestead Mix-Up

November 16th, 2011

It has been ruled that homestead exemption pertains to the profits that come from personal property that has been sold with a house with the exception that the money was set apart from the sale or it was used to repay creditors. This means that money that comes from personal items is classified under a homestead exemption, while a house is not exempt. This ruling alters a decision that had previously been made by a judge who realized that the earnings from the individual property were not connected to the homestead.

Thus, the judge agreed that the exemption was not applicable. The person in debt sold his home along with several items of personal property and combined the money. He paid off the first mortgage and the rest was placed in his savings account. When he filed for bankruptcy, the declared homestead exemption in order to keep the remaining money that was left in his savings. There was an objection that they money in the savings account was mixed in with the profits from the personal property that was not exempted through the law. The objection was sustained, and the court found that a small portion of the savings came from personal property, and thus, the decision was reversed.

The U.S. Bankruptcy Appellate Panel established that the man in question had proven that there was enough evidence to warrant an investigation regarding the intent to change his non-exempted funds to homestead property. This was because he combined the money in one account without any separation between the two. The only error was that they were not able to find evidence of a definite conversion of money.

There was also an error when the BAP said that the person in question had meant to convert the property funds that were not exempt, because it had not proven it as a fact. The court agreed that the decision had to be reversed. However, the court said that the trustee did not show that the money from the house and personal property were ever truly divided or that the proceeds of the homestead were used to reimburse the mortgage. It was decided that the trustee did not show the man’s money that was put in savings came from the profit of personal property that was not exempted, and the case was returned to court for continued arrangements.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.

 

Student Debt On The Rise

November 15th, 2011

In this day in age, people are desperately looking to education to secure their future and ensure job security. They look to colleges as a way to move up in the world and to start a new life. Due to this increasing competition, college students have to specialize more and receive higher degrees. Employees have to go back and take classes to be able to compete with the others entering the workforce. Because of this, more and more people have resorted to taking out student loans in order to pay for college, and college isn’t cheap.

They have the intention of paying the loans back once they have a job and are financially stable. This idea has caused student loans to rise to an all time high. Last year, the student loan debt rose to $100 billion for the first time. The total loan expenses are expected to go even higher. The Federal Reserve Bank of New York projects that loans will surpass $1 trillion this year. College students are now taking out two times what they were borrowing a decade ago.

The outstanding debt has doubled over the past five years. The credit card debt has an inverse relationship student loans. Credit card and home loan debts are going down while student loan debt is steadily increasing. It is important to be aware that home loans and credit card debts are not like student loans. Mortgages and credit card debt can be removed if bankruptcy is filed. That is not the case with student loans. Lenders now have the permission to make student loans less likely to be erased through defaults. This is important because it affects the future of our economy.

Other areas such as new car sales and home sales are being put on hold so that people can pay off student loans or other loans that cannot be discharged. The numbers of people who are defaulting on loans are increasing. That number has increased to 2.1% in the past two years. Many of these defaults are coming from the increase of for-profit schools that are online based. One example of this type of school is the University of Phoenix. The University of Phoenix gets 88% of its profits from governmental student loans. With more of these types schools coming into being, debt will continue to grow and our economy will be what suffers.

Rosenstein Law Group has the experienced staff that knows your struggles, and they are ready and waiting to help you find a solution. Their answers are straightforward, and their solutions are effective. At Rosenstein Law Group, they have people waiting 24 hours a day, every day to take your phone call. Their number is 480-248-7666. They are knowledgeable, skilled, and waiting for you to call so that they may help you through this time of hardship and back on the path to prosperity.