Avoiding Scams That Target the Elderly

Unfortunately, seniors are often the target of scams. Instead of enjoying life after working for years, people in retirement find themselves trying to figure out how to overcome insurmountable debt to no fault of their own. Although perhaps not the ideal situation, if you have been the victim of a scam and now all your retirement money is gone, consider speaking to a Watertown bankruptcy lawyer about Chapter 7 bankruptcy, Chapter 13 bankruptcy, debt consolidation, or credit counseling. To avoid being scammed, education is the key. Reverse Mortgage Scams While reverse mortgages are a...

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Starting Over with a Bankruptcy Attorney in Watertown, NY

Struggling with insurmountable debt while having no relief in sight is a terrible thing. If you are currently dealing with this type of situation, it is important to know that bankruptcy is a viable solution. Unfortunately, some people still believe that bankruptcy is the result of poor money-management skills or being downright irresponsible.   In truth, many people who hire a bankruptcy attorney in Watertown, NY, are dealing with very difficult situations that are out of their control. For example, people file for Chapter 13 Bankruptcy because of major health problems, tumultuous...

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The Truth about Credit Card Delinquency

What is Credit Card Delinquency? If you are ever late in making your payment to the credit card company, you become delinquent. Each month, you are required to make the minimum amount owed; if you fail to do so, the account goes into delinquent status. The number of missed payments is what determines the category in which your accounts stands. For instance, missing a single payment makes the account delinquent one day and missing two payments makes the account 30 days delinquent. The bottom line is that when you miss paying at least the minimum amount due on your credit card, the account...

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How Much Does It Cost to File Bankruptcy in Watertown?

Watertown Bankruptcy Costs Vary Like other people who file for bankruptcy, the biggest question you probably have is how much it will cost. There are actually two types of bankruptcy: Chapter 7 and Chapter 13, and because each is unique, the cost varies. Therefore, the amount paid will depend largely on which type of bankruptcy you file. By talking to a Watertown bankruptcy attorney, you will gain tremendous insight. For instance, filing fees are your responsibility, and they will cost somewhere around $300. In addition, bankruptcy laws changed several years ago, and, as such, you are...

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