Articles

  • Getting to the End of Your Money Before the End of the Month? Here’s Why… (And How to Fix It)
    I’ve prepared hundreds of bankruptcy petitions over the years, and one of the most common areas of discrepancy are household and personal expenses. Once I’ve calculated someone’s monthly income (using an average of the past 6 months’ pay stubs) I will compare it with their stated monthly expenses. Without fail, ... read more
  • Put Mo’ Money in that Itty Bitty Purse
    If you’re like most of the people I talk to, you get paid on Friday, pay your bills, and you’re broke by Monday.  If this sounds like you, please read on. No one wants to live paycheck-to-paycheck but it’s a reality for many hard-working Americans.  And when money is tight, ... read more
  • What is bankruptcy? …. Asking ‘for a friend’
    Bankruptcy sounds scary, but for an experienced practitioner like me, it’s a mundane occurrence.  There are so many people I meet who could benefit from bankruptcy;  I’m talking LIFE-CHANGING benefits.  Unfortunately, most people are too nervous or embarrassed to even ask.  The perceived stigma and a general lack of understanding ... read more
  • Stop Paying Overdraft Fees Now
    Over the past 8 years, I have met with hundreds of bankruptcy candidates.  While they each have a unique story, they also share many common problems.  On average, I would estimate that the average bankruptcy client spends about $3000-$4000 per year on overdraft fees, most of which could be easily ... read more
  • According to Business Insider, the average New Jersean can expect a refund of $2,943 this year.  How will you spend your tax refund this year? Here are some of the most popular ways that we Americans like to spend our refunds: Vacation You work hard all year, make it through ... read more
  • Tax Refunds Will Be Issued Despite the Shutdown (Best Ways to Spend it!)
    According to a recent Forbes article, the IRS will be accepting tax returns and issuing refunds in the normal course of business, despite the government shutdown.  Referencing a 132-page contingency plan issued by the IRS, Forbes reports that: Returns will be accepted. Refunds will be paid. The IRS website will ... read more
  • RESOLVE to Be Debt Free in 2019
      According to U.S. News, approximately 80% of New Year’s resolutions will fail by the second week of February.  So if you’re like most people, you may have resolved to a “new year, new me” attitude, but the odds (unfortunately) are against you. There are many reasons why experts believe resolutions fail ... read more
  • Do-Overs: They Aren’t Just for Kids
    When I was a kid, if something didn’t go my way I simply called a “do-over” and BOOM – second chance.  If I had been tagged out of the game, I was now bank in! Easy-peasy, right? Well I hate to admit this, but not much has changed since childhood.  ... read more
  • Bankruptcy Myths DEBUNKED
    MYTH # 1: I’ll lose everything including my home and my car. On the contrary, Federal Law provides very generous “exemptions” that permit debtors to protect their property from seizure or liquidation. Even if your property value exceeds the allowable exemption amount, you can still file for bankruptcy and benefit ... read more
  • Have a Merry (and Debt-Free) Christmas
    If history tells us anything, the average American will rack up over $1,000 in additional credit card debt this holiday season.  For those folks who already live paycheck-to-paycheck and are nearing their credit card limits, this could be the holiday to end it all (financially speaking, of course). I’m sure ... read more
  • Student Loans: Debt for Life (Or Not?)
    College students are graduating with an average of $38,000 in student loan debt after attending 4-year college.  That’s an astronomical amount of debt for someone in their early 20s especially when the average starting salary for a recent college grad is only $50,000. That means the average college graduate begins their life ... read more
  • Bob Ross Corrects His Mistakes. Be More Like Bob.
    Let’s face it.  We all make mistakes.  Whether you’re talking about a minor faux pas or a massive screw-up that will haunt you for years to come, it’s simply impossible to get through life without an occasional error here and there.  But if I’ve learned anything over the years, it’s the ... read more
  • Minimum Payments are the Devil’s Only Friend
    For most people, minimum payments on credit cards debt might mean  7-12 years of payments.  You read that correctly!  SEVEN to TWELVE YEARS. I’ve learned from my clients that the average consumer doesn’t understand how credit card payments really work or why their balance never seems to decrease.  So here’s ... read more
  • Brokedom Got You Down? You Need the Financial Trifecta
    If you’re the king or queen of Brokedom, search no further, your exile is waiting.  Three simple things can take you from your paycheck-to-paycheck existence to financial security and freedom from debt. #1  BUDGETING Most people never learned how to budget and don’t even know why it’s so useful and ... read more
  • Debt Free in 4 Months? It Sounds Too Good To Be True… But It Isn’t
    If you live in America in these modern-day times, you’re probably so busy making money that you don’t have time to take care of the little things. So what do you do? Like most of us, you spend on luxuries and conveniences to make life a little easier and perhaps ... read more