Financial Solutions

Bankruptcy Management – Chapter 7 or Chapter 13?

September 1st, 2010

In the face of overwhelming debts and rising costs, individuals sometimes find that best option may be to file for bankruptcy. Although it sounds to many like the end of the world, the bankruptcy laws in the U.S. allow many individuals and families to file and then move on with their lives.There are two basic types of bankruptcy filing for individuals: Chapter 7 and Chapter 13. The latter is more inclusive; almost anyone can file for Chapter 13 bankruptcy, provided that they owe no more than $360,475 in unsecured debts and $1,081,400 in secured debts. Chapter 7 filers, on the other hand, are “means-tested” and have to undergo a counseling session with a credit counselor. Read more…

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Accepting the Kindness of Strangers

August 31st, 2010

I’m often puzzled when, in an effort to help someone else save money, I’m looked at like some sort of criminal or crazy person.

Here’s an example. This week I had a coupon for $5 off at TGI Friday’s. The coupon explicitly stated that it could be used multiple times or given away to friends. So I printed one off and went for dinner. After we had eaten and paid, the waitress gave the coupon back to me and said, “You get to keep this. Come back tomorrow or give it to a friend.” Well, the coupon expired the next day and I knew I wouldn’t be back.

Rather than throw it away, I decided to be nice. On our way out the door I spotted a young family with three kids just coming in the door. I offered the

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Prudential has strategies to reduce Long Term Disability claim payments

August 31st, 2010

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Low Cost Health Insurance: What You Need To Know To Know What You Get

August 30th, 2010

What are you buying when you purchase health insurance, and how do you know if you are getting a good deal? The answers to these questions depend on your understanding a few basic health insurance concepts. Don’t worry, these are easy to grasp and well worth the time when you start shopping for the best, low cost health insurance. The point of this article is to help guide you through these basics so that you better understand what you are getting when you buy a health insurance plan.

One of the first things to understand is that when you purchase health insurance, just as with any kind of insurance, you are purchasing a sort of contract that guarantees you a specific set of benefits. I

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