Author Archives for sperling

Credit Cards: the Good, the Bad, and the Ugly

May 22, 2019 8:20 am Published by Leave your thoughts

Do you have a love-hate relationship with your credit cards? Most Americans do. According to Experian’s latest State of Credit report, the average U.S. consumer holds about two bank-issued credit cards and carries a total balance of $5,551. That’s a lot of money, especially if you’re paying interest of 15% to 20%. Since so many consumers hold credit cards with...


Recovery After Bankruptcy

May 8, 2019 7:06 am Published by Leave your thoughts

Are you one of the 755,000 Americans who filed for bankruptcy last year? If you are, you probably found out that bankruptcy is not the end of the world. In fact, the relief from harassing calls from creditors and the onslaught of bills can be freeing. Now that you have a financial clean slate, it is time to start planning...


Baby Boomers and Bankruptcy

April 19, 2019 9:46 am Published by Leave your thoughts

In our last blog, we examined the millennial generation and the debt that seems to be putting their financial futures into question. This week, we are taking a closer look at the baby boomer generation and what may be causing debt for this group as well as how bankruptcy may be of assistance at this stage of the game. Who...


Bankruptcy and the Millennial Generation

April 8, 2019 12:10 pm Published by Leave your thoughts

The millennial generation is knocked quite a bit by the media with negative stereotypes about the kind of people these 22 to 36-year-olds are in our society. They get a bad rap for being cocky, lazy, or even impatient. The truth be told, however, that millennials have a number of amazing qualities that make them excellent employees and business leaders....


Employment Termination and Bankruptcy

March 19, 2019 9:45 am Published by Leave your thoughts

When it rains, it often pours. Being in financial trouble is one thing to have on your plate, but to fear for your employment status due to those troubles is another thing entirely. Our office is often asked if employment status can be in jeopardy due to bankruptcy. There are laws that protect employees around this issue, but there are...


Avoiding Bankruptcy

March 5, 2019 9:42 am Published by Leave your thoughts

Bankruptcy is never the end of the world. In fact, for many who have been struggling with debt,  it is the start of a new beginning. Medical debt, divorce, or loss of employment can be a harsh blow that can push many to consider bankruptcy. For individuals, Chapters 7 and 13 are viable options to get out from under crushing...