Blog Posts in June, 2010
Posted on Jun 30, 2010 By Jacoby & Jacoby
Janet Bodnar, Deputy Editor of Kiplinger’s Personal Finance answers the following questions about kids and spending: At what age should I start teaching my children about money? How can I teach my ...
Continue reading "Watch Me Wednesday: Kids and Spending" »
Posted on Jun 29, 2010 By Jacoby & Jacoby
Gather information regarding the tenant who was evicted. You will need the full name, Social Security number and address. Additional information such as a driver's license number is also helpful. The ...
Continue reading "How Do I Add Eviction to a Tenant Credit Report? " »
Posted on Jun 28, 2010 By Jacoby & Jacoby
Most credit card penalties will be limited to $25, and fees for customers who don't use their cards will be eliminated under rules released last week by the Federal Reserve. These rules, which ...
Continue reading "Fed Limits Card Fees to $25 " »
Posted on Jun 25, 2010 By Jacoby & Jacoby
An automatic stay gives the debtor protection from his creditors, and brings all of the debtor's assets and creditors into the same forum, the bankruptcy court, where the rights of all involved can be ...
Continue reading "What is a Bankruptcy Stay?" »
Posted on Jun 24, 2010 By Jacoby & Jacoby
After strong gains in March and April, sales of previously built homes dropped in May. This is a sign that the federal tax credit introduced last year to energize sales may have sputtered out early. ...
Continue reading "National Home Sales Decrease in May, Dashing Hopes of a Quick Recovery" »
Posted on Jun 23, 2010 By Jacoby & Jacoby
ABCNews.com recently did a segment about the six things bankruptcy court won't tell you and we wanted to share it with our readers:
Continue reading "Watch Me Wednesday: Bankruptcy Secrets The Court Won't Tell You" »
Posted on Jun 22, 2010 By Jacoby & Jacoby
How the bankruptcy Trustee treats an inheritance in your case depends on when you became entitled to receive it and what type of bankruptcy you are filing. If you've filed for Chapter 7 bankruptcy, ...
Continue reading "How is an Inheritance Treated in a Bankruptcy Case?" »
Posted on Jun 21, 2010 By Jacoby & Jacoby
We recently came across this article on CNN.com discussing the best way to save money for big purchases. The article brings up some great points and we wanted to share it with our readers. Click here ...
Continue reading "Not Sure How to Save Money? 3 Ways to Build a Nest Egg" »
Posted on Jun 18, 2010 By Jacoby & Jacoby
A forgiven bankruptcy means that the debtor's debts have been discharged (forgiven). Credit card accounts and medical bills are types of debt that are forgiven in bankruptcy. Unfortunately, not all ...
Continue reading "What Does a Forgiven Bankruptcy Mean?" »
Posted on Jun 17, 2010 By Jacoby & Jacoby
Everyone has bills they have to pay on a monthly basis. These are things you can't live without, but that doesn't mean you have to pay more for them. We came across this article on CNN.com with great ...
Continue reading "3 Easy Steps to Lowering Your Monthly Bills" »
Posted on Jun 16, 2010 By Jacoby & Jacoby
Debtors are strongly encouraged to find competent legal counsel. Even if you cannot afford to pay an attorney, you may be able to qualify for free or discounted legal services.
Continue reading "Watch Me Wednesday: Legal Assistance" »
Posted on Jun 15, 2010 By Jacoby & Jacoby
If your spouse has passed away or your are the executor of the estate or have the power of attorney for the deceased, then you may obtain a copy of the credit report. Write a letter to the 3 major ...
Continue reading "Can I Obtain a Credit Report for Someone Who has Passed Away?" »
Posted on Jun 14, 2010 By Jacoby & Jacoby
We recently came across this article in the Wall Street Journal discussing the advantages of credit unions over banks. The article brings up some great points and we wanted to share it with our ...
Continue reading "Credit Unions: A Better Bet Than Banks?" »
Posted on Jun 11, 2010 By Jacoby & Jacoby
The number of college students who go bankrupt varies from year to year, however, each year, approximately 19% of those who file for bankruptcy are college students. In the United States in 2009, ...
Continue reading "How Many College Students Go Bankrupt?" »
Posted on Jun 10, 2010 By Jacoby & Jacoby
Now that your 2009 taxes are filed, you may be concerned that you will be audited. CNN.com came up with guide on what to do if the IRS audits you this year. Click here to read the story. Even if you ...
Continue reading "5 Things to Know About Getting Audited" »
Posted on Jun 9, 2010 By Jacoby & Jacoby
Debtors are usually able to discharge most or all of their debts. Once a debt is discharged, a creditor may not attempt to collect it from the debtor.
Continue reading "Watch Me Wednesday: The Discharge" »
Posted on Jun 8, 2010 By Jacoby & Jacoby
If you are being harassed by a creditor for a debt that you don't think you owe, you have the right to demand proof of its legitimacy. There are several federal laws that require either creditors or ...
Continue reading "What Happens When a Credit Card Company Can't Validate the Debt to the Consumer?" »
Posted on Jun 7, 2010 By Jacoby & Jacoby
Credit card spending and overdraft fees may seem like a tough topic to tackle with your children, so Time.com suggests starting with broader ways of teaching your kids about money. Click here to read ...
Continue reading "8 Ways to Teach Kids About Money" »
Posted on Jun 4, 2010 By Jacoby & Jacoby
First, request a credit report from all three major credit bureaus, TransUnion, Equifax and Experian, and document anything you find that is incorrect on the reports. Record what the negative item is ...
Continue reading "How do I Erase Potentially Negative Items from a Credit Report?" »
Posted on Jun 3, 2010 By Jacoby & Jacoby
Shopping for a new bank? Most people just go for convenience when looking for a bank, but there are so many other questions you should ask yourself when switching banks. We came across an article on ...
Continue reading "Which Bank Deserves Your Money?" »
Posted on Jun 2, 2010 By Jacoby & Jacoby
In some cases, a debtor may be required to appear at hearings before a bankruptcy judge.
Continue reading "Watch Me Wednesday: Court Hearings" »
Posted on Jun 1, 2010 By Jacoby & Jacoby
In general, debts incurred through contract by a minor are voidable. They do not hold in court because most states, including NY, do not hold minors legally capable of a binding contract, unless it is ...
Continue reading "Are Minors Responsible For Any Debt They Incur?" »