As the credit card bills pile up near the holidays, I often hear questions about personal bankruptcy as a way out. In a recent question posted on Investopedia, someone asked what will happen if you have secured debt in bankruptcy. What happens to secured debt in bankruptcy depends in large part on your income and asset situation before the bankruptcy and which type of bankruptcy you ... Read More
bankruptcy
Financial Planning Tips for Market Basket Employees
Paychecks will be a lot lighter over the next few weeks as the Market Basket employee protest continues. Now more than 25,000 employees will be feeling even more wallet pain as their hours get reduced and quarterly bonuses shrink. As a loyal customer, former part-timer (Store #18 in Methuen) and now financial planner, I'm offering these financial planning tips for Market Basket employees to help ... Read More
Top Financial Mistakes of Divorce in Boston, Massachusetts: Part 1
1. REAL ESTATE - KEEPING THE HOUSE Have you watched the award-winning TV drama "The Good Wife" that revolves around a scandalized politician and his humiliated wife who leaves her comfortable suburban lifestyle to resume her legal career in order to take care of her family? The couple eventually sell the property as part of the divorce but in a plot twist later end up vying for buying the home ... Read More
