rreese's blog

How important is being completely forthcoming about your finances and debt when you meet with an attorney to discuss Chapter 7 bankruptcy and Chapter 13 debt consolidation?

The first college football game of the 2015 season is 18 days away and for many fans, it cannot get here fast enough. According to NBC news in 2013, somewhere between $60 and $70 billion dollars is wagered on college football each year. The figure has more than likely increased with the new playoff system now in place and there are estimates that $8 billion dollars alone is bet on the Super Bowl each year.

A client I met with today was behind 2 months on his car payments and very concerned about the finance company repossessing his car that is his only source of transportation. He also owed a few medical bills, child support, and credit cards.

The iconic firearms maker, Colt, recently filed for bankruptcy protection on June 14,  2015. Colt hopes this will allow for the restructuring of its debt while remaining open for business. This not the first time that Colt has run into financial difficulties. Sam Colt opened his first firearms plant in 1836 but it closed 6 years later because of poor sales.