Archive for December, 2009

How to Respond to Debt Resolution Service Ads

By JENNIFER SARANOW SCHULTZ from the December 3rd New York Times
I recently received a “personal and confidential” notice in the mail from the “debt resolution department” at a California law firm offering to help me restructure a debt I don’t actually have (or hope I don’t have) to a lower monthly payment. The letter urged [...]

December 30, 2009   Posted in: Bankruptcy News  No Comments

Pay the Mortgage or Walk Away?

In Down Real-Estate Market, Homeowners Are Deciding to Abandon Their Loan Obligations Even if They Can Afford the Payments
The Wall Street Journal posted an article entitled Debtor’s Delima: Pay the Mortgage or Walk Away
By JAMES R. HAGERTY and NICK TIMIRAOS
PHOENIX — Should I stay or should I go? That is the question more Americans are [...]

December 29, 2009   Posted in: Bankruptcy News  No Comments

Life Without Credit Cards-It Can be Done Part (4)

Now as great as the cash free life sounds, in today’s world credit cards are often required. Instances such as hotel reservations, plane reservations, renting a car, or even opening a bar tab requires a credit card. For those of you whose credit isn’t so great, coming off of a bankruptcy, or do not qualify [...]

December 28, 2009   Posted in: Bankruptcy News  No Comments

Our Office is Closed

Just remember our office is closed in observance of the Holiday Season.
We will re-open the doors at 8 am on December 26, 2009.

December 25, 2009   Posted in: Bankruptcy News  No Comments

Warm Wishes

Wherever you may be,
Whatever you may do,
Hope the holidays
Are bright and shining
For you.

Best Wishes
From The Law Offices of Mayer & Newton

December 24, 2009   Posted in: Bankruptcy News  No Comments

Life Without Credit Cards-It Can Be Done Part (3)

The main two arguments for having credit cards are as follows:

What if I have an emergency, and I do not have the funds to cover it.
It is hard to build credit without a credit card.

First things first, there are ways to prepare for an emergency without relying on a credit card. You can start a [...]

December 23, 2009   Posted in: Bankruptcy News  No Comments

Life Without Credit Cards-It Can Be Done-Part (2)

Next we have to prepare- you must prepare for the un-prepareable. You can break this stage into two steps:

Start a rainy day fund- they call it rainy day for a reason, it can come out of nowhere and ruin everything. Creating this fund will allow you to have money stored up for those occasions when [...]

December 22, 2009   Posted in: Bankruptcy News  No Comments

Life Without Credit Cards-It Can Be Done

Now that you are about to start, are currently in, or have just finished your bankruptcy you most likely know all about credit cards. They are magical pieces of plastic that allow you to purchase what you need now, and pay for it later unfortunately you really pay for it later. To actually reinvent your [...]

December 21, 2009   Posted in: Bankruptcy News  No Comments

Christmas shopping: It really is the thought that counts

By Shelley Fralic, Vancouver SunDecember 10, 2009
If you are of an age, meaning you’re old enough to order expensive bourbon in a cheap bar, then you’ll know that the age-old ritual of buying Christmas presents has, like everything else in your life, evolved.
Whether you’re a practising Christian for whom Dec. 25 carries holy weight or, [...]

December 15, 2009   Posted in: Bankruptcy News  No Comments

Co-signing a Loan?

Cosigning a loan where the credit applicant takes on a co-applicant who promises to repay the debt should the primary applicant fail to make payments. Although this may seem like a nice gesture, it must be treated in a far more serious manner. When someone cosigns for someone else’s debt, they become entirely responsible for [...]

December 14, 2009   Posted in: Bankruptcy News  No Comments