Life After Divorce- Surviving Financially
In the first few years after divorce, more often than not, the standard of living of both spouses drops. Why, because the same cumulative income and pool of assets now has to support two households instead of one. Unfortunately, most people don't prepare themselves financially or emotionally for ... more...

Going Bankrupt in the World
It all starts by defaulting on an obligation: Money owed to creditors or to suppliers is not paid on time, interest payments due on bank loans or on corporate bonds issued to the public are withheld. It may be a temporary problem - or a permanent one.As time goes by, the creditors gear up and ... more...

Credit Counseling -- Why It Doesn't Work For Most Debtors
"Cut Your Payments in Half!" the headline screams. "Consolidate Your Bills into One Low Monthly Payment!"When you see ads like this, they are often from Credit Counseling firms. In this article, I'll explain the principles behind the Credit Counseling approach and discuss the main problem consumers ... more...

High Tension for the Buyer and Seller of Real Estate Can Be Reduced
Tensions can run high in both the selling and buying of real estate. After all, there is a lot of money and emotion involved! There are also time pressures and numerous privacy issues to deal with. The sale and purchase of real estate can be a lengthy process involving numerous professionals from ... more...

Debt Consolidation Secured Loans: A Race to Your Debt Free Future
A debt consolidation secured loan is particularly used for debt settlement. A debt consolidation process brings together or consolidates various debts and multiple payments like store, gas and phone bills, home improvements, medical bills, taxes, education, overdue rent etc. These are then repaid ... more...

Is Debt Negotiation Bad?
Educating yourself about the ins and outs of debt negotiation is a good first step. Please note that the term debt negotiation is also known as debt arbitration or debt settlement.For starters, a lender has little motivation to arbitrate anything less than the full amount unless the person is two ... more...

Taxation of Forgiven Debt: The 1099C & You
Often people fall on hard times and stop paying on credit cards. After a while the account may go to an outside debt collector who might offer a settlement of the debt for 30-40% of theoriginal sum. Once this is paid, the debtor often thinks the matter is closed, but it is not! It is very likely ... more...

Title Insurance Examples of Problems and Advice
What is title insurance and why should any buyer get it when purchasing a home (single family, townhouse, condo, apartment, or whatever format your home purchase takes)? Doesnt the attorney or settlement company handling the closing see to it that you have a clear title? Isnt this just another ... more...

Heads or tails? Either Way You Lose!
Some time ago a long-time friend well call George, called me late at night. I could sense his hesitation and braced for the worst. He described for me how the settlement from a job-related injury had enabled him to go to graduate school for retraining. Although he and his wife tried to be frugal, ... more...