Alexandria Legal Blog
America’s rising debt: A $14 trillion problem
Today, credit is something that most people have. Many people carry thousands of dollars in debt on their credit cards. In total, the United States population owes $14 trillion between mortgages, credit cards, student loans and auto loans. Debts rose by around .7% in...
Expenses you shouldn’t place on your credit card
If 2020 is going to be the year you get your credit card debt under control, it's essential to look at just what expenses you're using your cards for. These days, we can use credit cards to pay for just about everything. However, it's not wise to do that. When you...
What are the different kinds of personal bankruptcy?
It is never easy to concede that it might be time to declare bankruptcy. The American dream seems to be open only to people not weighed down with unmanageable personal debts. But this is far from the case. Bankruptcy is supposed to be a fresh start that lets people...
Don’t let medical debt ruin your chances of financial stability
If there is one thing that America is known for, it's high medical debt when people seek medical care. Medical costs are enormous, and many believe that they are out of control. Did you know that 137 million Americans are struggling with some kind of medical debt? On...
How to spend less this holiday season
If you're already dealing with credit card debt, this can be a frightening time of year. Virtually every time you log on to your computer or turn on the TV, you're inundated with ads for everything from pet toys to luxury cars. So how do you avoid going into the new...
What should you expect during your 341 meeting?
If you're considering filing for Chapter 7 bankruptcy, it's essential to know what the various steps are in the process. One of the most important ones is the 341 meeting. The name refers to a section of the bankruptcy code. This meeting is held with your...
Why more hospitals are suing patients over medical debt
Many Americans are dealing with medical debt they simply can't pay off. Even people with health insurance often have substantial deductibles, co-pays and large amounts of their bills that their plans don't cover. As medical debt increases, hospitals are more...
Tips for completing Chapter 13 bankruptcy
If you are at the point where you are considering filing for bankruptcy, you have likely found yourself in a significant amount of debt that you believe you cannot overcome without help. The good news is that bankruptcy may offer a way out, irrespective of your...
Two popular methods for paying off credit card debt
What's the best strategy for paying off (or at least significantly paying down) credit card debt on multiple cards? Where do you start? Two popular strategies are the "avalanche method" and the "snowball method." Let's look at how these two winter-themed methods work...
Why you need to avoid ‘zombie foreclosure’
If you don't understand exactly how foreclosure works, you're not alone. Most homeowners don't think about foreclosure until it becomes a possibility after they get behind on their mortgage payments. If you receive a foreclosure notice from your lender, it's essential...
