Category Archives: Personal

Preparing to Buy Your First Boat

When you are in the market for your first boat, your laser focus on being free out on the waters often clouds your ability to make rational decisions early on. If you are not taking the time to carefully consider this purchase, it could cost you more than you might imagine in the end. Here are a few things you should consider before rushing out to get your first boat.

Boats for SaleConsider New vs Used – While the allure of a new boat is certainly justifiable, take a deep breath and consider all the benefits of buying used. many boat owners rushed into their buying decision, loading up on a ton of accessories like fishing gear, trailer, safety equipment, and for whatever reason must get out of the deal quick. These anxious sellers will throw everything in one package, and you get a slightly used boat for a deal.

Storing Your New Boat – Don’t just assume you will be docking the boat at the local marina. Call and inquire about availability, storage costs, maintenance costs, and come up with a monthly fee. Now compare than to the price of a trailer and bringing the boat home after each trip on the water. It may be a real eye-opener as far as cost difference.

Taking a Safety Class – One thing you need to come to terms with is that when you are driving your boat and take family or friends out for a trip on the water, you are responsible for their safety. This doesn’t mean supplying them with life vests only, it means being able to think fast and treat them in the event anything goes wrong out on the water. If a passenger gets hurt or goes overboard, you need to know how to treat them until help arrives.

Take In a Show – Before you buy a boat, go to a local boat show and take it all in. Here you will see a huge variety of boats, see people in that industry that can answer all your questions, and get a real feel for what it takes to be a boat owner. Immersing yourself in the boating world will allow you to see things you may not have considered before buying your boat.

The key here when buying a boat is just slowing things down. There are plenty of boats for sale, you just have to make certain you know what you’re getting involved with. Once you gather all the information and make an informed buying decision, you will certainly enjoy the boating lifestyle more easily. For more info visit Boatmo.com

Myrtle Beach Attorneys Say Bankruptcy’s Are Down and Expected to Continue to Get Better

Attorney Myrtle BeachPositively affected (or possible negative if your a bankruptcy attorney) by an improving market and reducing unemployment all across the country, the down(ward) tendency of consumer insolvency and bankruptcy’s that we found before few years is likely to continue using a proposed continued spiral down of 8 to 10 percent per year said a spokesperson for MyrtleBeachAttorneyGroup.com where you can find Myrtle Beach Attorneys that have more information and help for you and your legal needs there.

Personal bankruptcy filings are anticipated to fall for the fourth straight year in 2015, according to a Fitch Ratings report on bankruptcy trends. A year ago, personal bankruptcy filings fell by 12.6 percent.

Some of the variables leading to the continuing decline are contained an enhancing home market and falling unemployment and economy that is trending upward. This might not be great news for Bankruptcy Attorneys that seemed all of a sudden have expertise in the matter of bankruptcy law over the last few years. But, the seasoned pros are ready to move onto better endeavors with their clients that can now get back to building businesses and purchasing real estate and using legal assistance for much more enterprising things.

“Fitch considers the rate of development will moderate as banks continue attempts to facilitate underwriting standards and revert accessibility to bigger credit lines to consumers. U.S. health care prices are an area of focus that could possibly have a substantial impact on bankruptcy filings,” according to the report.

Annually, between 2011 and 2013, bankruptcy filings fell by more than 10 percent.

There were fewer insolvency when compared to each month in the year 2012 reported in 2013.

Insolvency caused by outstanding mortgages or charge card statements are outpaced by insolvency as a result of outstanding medical bills. The number in 2013 was somewhat significantly less than previous years, but health care-associated insolvency continue to signify almost three out of every five filings.

To read the full report – visit them here.

Real Estate Attorney Atlanta on How to Find Legal Help

  • Filing for Bankruptcy?Atlanta Real Estate Attorneys
  • Scheduling a Real Estate Closing?
  • Damage in a vehicle mishap?
  • Confronting a court action of any kind?

In these scenarios, you should think about hiring an attorney represent your personal interests or to guide you. Contemplate a few of these helpful hints for locating an attorney  from a real estate attorney Atlanta that can represent you, before selecting the very first lawyer which you come across.  Feel free to check them out at: http://atlantaattorneygroup.com/lawyers-in-atlanta-ga-real-estate-litigation-business/

Many attorneys focus on a specific area of regulations. Be assured your lawyer has expertise in the region you want help with. If the problem is a vehicle mishap a lawyer which regularly drafts wills is not most likely the greatest representative in a court. If friends, family or coworkers have hired a lawyer to get a motive that is similar, ask these individuals for recommendations. Check using a local and state bar associations. Some groups give attorney referral services for her or his members.

Just before you choose the one in order to represent you make an effort to talk with several attorneys in your community. Learn if that first consultation is free or in the event that you are going to find yourself billed to get a simple assembly. Be prepared to describe your issue in an extremely short, clear outline. Request the attorneys about their expertise that is unique, their price, what your choices might be, your opportunities regarding success, when the issue may be worked out, and that will work the work.

Comprehend the Facts
Make sure to realize that which you have both chosen for when you decide to engage the services of an attorney. How frequently may the attorney update you? Can you comprehend your alternatives that are entire? Just what will the entire price be? Should you unclear on the attorney is discussing, require clarification. Although your chances of success can not be guaranteed, discuss consequences that are potential to your case. In writing, you need to get the deal by means of your attorney.

Prices and Extra Fees
Before any work begins, ask whether you are going to find yourself responsible for additional fees and prices and exactly what the price is going to be with the attorney. State ethos guidelines require a fee that is fair to charge. The Bar Association states that attorneys certainly lay their fees, preferably written out, after starting to represent you, inside a reasonable time. Your attorney may ask you for additional for making using research services, court filing fees, or copies. Make sure to comprehend for how much and what’ll you be billed.

More about AtlantaAttorneyGroup.com:

Do Bankruptcy Alternatives Work to Keep My Real Estate?

The Federal Government of the United States is active in protecting debtors from bankruptcy proceedings and they are discouraging people to take this route. However, there are instances in which the debtors declare bankruptcy even if they do not want it. Talking with bankruptcy lawyer is necessary so that you can obtain legal assistance or advice.  A great source for information on bankruptcy and the effect on real estate go here.

real estateBefore reaching bankruptcy, it is necessary to look for other alternatives that can spare you from financial failure. There are several alternatives to consider before filing for bankruptcy. Some alternatives are simple while other requires good skills in money management. It is important to search all other possible alternatives before jumping into bankruptcy. You should consider how it will affect your financial health in the coming years. Likewise, your debt management technique should also be considered. Here are some bankruptcy alternatives to consider:

Proper Budget Management

In running a business, it is essential to have a budget plan that will guide you in all your expenses. However, even if you create a budget if you are not able to manage it, then it will cause some problems. Managing your budget properly is equally important as managing your debts. Otherwise, you may end up to bankruptcy.

Sale of Assets

A business or an individual swamped in debt most likely ended up selling the assets. Being stuck into a pit of debt can be embarrassing and declaring bankruptcy can aggravate the situation. That is why businesses in this financial situation preferred to sell their assets voluntarily or impose the Chapter 7 bankruptcy. The proceeds from selling assets can be used in paying off outstanding debt.

Settlement/Negotiation

In worst scenarios, the debtors declare bankruptcy before the creditor files a suit. On the other hand, the borrower and the lender may come up to agreeable circumstances and reach an agreement beneficial to both parties. The lender can reduce the amount of the money the borrower owed to pay. Through debt settlement or debt negotiation, both parties agreed for a lump sum that will be paid to the creditor.

Debt Restructuring

Debt restructuring is another alternative that can be considered instead of filing for bankruptcy. A debtor who wants to maintain decent credit score should maintain properly the balance of the monies owed. Thus, restructuring the balance of your debt can help in preventing bankruptcy.

If you find that you need to liquidate your property or real estate in Myrtle Beach SC. This might be a good place to start.

Counterclaim/Affirmative Defense

A lawsuit is usually filed by a creditor if the debtor is unable to pay the financially obligations. In this situation, the debtor has no right to contest the claims, but can do other alternative to defend in the proceedings. The debtors can file separate claim such as argument ancillary that can contest the original claim. The legal representatives or tactic defendants can employ affirmative defense that seeks dismissal of the suit including inappropriate claim documentation and failure to file statute of limitations.

Bankruptcy is not the only route to resolve debts. Considering other alternatives can help people with larger amount of debts to end up for bankruptcy. Through proper management of debts you can ensure that you can repay all your debts without going the route of financial failure.

Bankruptcy Alternative – The Basics

If your business is financially bind, paying the monthly dues can be difficult. That is why the first thing that pops up in the mind of business owners is to declare financial failure or bankruptcy. Filing for bankruptcy is not the sole option to resolve insolvency because there are other alternatives available. Though bankruptcy can provide financial relief, but before making your decision you should first try to study other alternatives.

Talk to Your Creditors

Real Estate ForeclosuresCalling your creditors and discussing the problem with them can be intimidating, but it should be the first thing that you should do if your business is facing financial issues. Your creditor can offer other payment options that can alleviate the difficulty of repaying your debts. Most creditors are not favorable to bankruptcy that is why they instead offer a plan that will be beneficial to both parties.

Credit Counseling

Looking for a credit counseling firm can also help in determining the right way or alternative that can help you in resolving the insolvency. The agency will be the one to contact your creditors and discuss a repayment option based on the salary of the filer and the debt. Likewise, the agency will distribute the payment to the creditors until the debt is repaid completely. However, you need to be careful in finding the best credit-counseling agency particularly in terms of fees.

Debt Consolidation

Debt consolidation is one of the effective alternatives for bankruptcy. This option allows borrowing money from a financing company and use the money for repaying debts from different creditors. This may sound strange, but many business owners facing financial trouble are using this method to solve the insolvency.

The concept of debt consolidation allows you to repay few debts while borrowing for one larger debt. The good thing about this alternative is that you can apply for debt consolidation loan from a bank in a lower interest rate and use the money repaying for few debts carrying higher interest rates. If you will use your home as collateral, the interest rate of the debt consolidation loan is even lower.

However, before considering for debt consolidation makes sure that it will work to your financial needs. You should consider this alternative only if you have several debts that have higher interest rate such as finance company loans and credit cards. You can qualify for debt consolidation loan if you can prove to the lender that you are employed and have good job. Likewise, you should also prove that your income is more than enough to repay the loan.

Defaults

Another alternative for bankruptcy is to default your debts. This means that if you do not have any exemptions in terms of income or property, the creditors can take nothing from you. Likewise, the Fair Debt Collection Practices Act, the creditors cannot harass or force the debtor to repay. However, the disadvantage of debt default is that it remains on your credit history for several years that eventually may affect your credit rating.

Discover more information about mortgages here:  Columbia Mortgage Information

Therefore, if you are facing tough time in your finances, you should consider getting advise from an expert bankruptcy lawyer.

Why Choose Alternatives to Bankruptcy?

Bankruptcy offers new platform for individuals or businesses that are trapped to debt. However, it is important to be careful in choosing the best alternative for bankruptcy. There are luring loan schemes available that can help in balancing the expenditure and monthly income. Filing for bankruptcy is one of the options that business owners commonly do once they are get stuck to debt.

Filing for bankruptcy may not be the best option. In fact, it can affect your financial situation adversely. It also poses disturbing effects on professional and personal life. It will impact your borrowing capacity and credit rating in the future. Thus, declaring for bankruptcy should be the last option to take.

Reasons for Getting Bankruptcy Alternatives

There are several alternatives that can help you out in a difficult financial position. As much as possible, you should avoid getting into bankruptcy because it will cause negative impact to your credibility. Here are some of the reasons why you need to look for alternatives rather than filing at once for bankruptcy.

  1. Filing for bankruptcy can damage the credit history in the future. Once you have poor credit rating, it will be difficult to apply for mortgage or loan if ever you are planning to start a new business.
  2. If you will choose bankruptcy there is a great possibility that you lose your assets. It is because the court may sell your assets just to clear off your debts.
  3. Bankruptcy can damage your career opportunity. No one will trust you to lead a business or a company once they know that you are a bankrupt.

That is why as much as possible, before you decide filing for bankruptcy you should first look and consider other alternatives.

Judgment proof

This is the simplest alternative that you should take instead of filing financial failure. Once the creditor knows that you have nothing to pay for them, they will give you judgment proof. The creditor may write off all your debts, but once your financial situation improves, you will be obliged to pay for your debts and you will not be deemed as judgment proof.

Call Creditors

Once you know that your business is failing, you should not run away the situation. Instead, you should inform the creditor about your situations and try to discuss them so that you can rule out the best alternative that you can take.

Balance Transfer

Another alternative that you can consider to save you from bankruptcy is by transferring your loans from the one with higher rate to the lower ones. Considering balance transfer is necessary and applying for new credit card with lower interest rates is a good option.

Refinancing Loans

Applying for a refinance is another good alternative for filing bankruptcy. However, you should ensure that you will qualify for credit so that you can clear your previous debts.

Finding the best alternative for bankruptcy should be considered as it will save you from damaging your credibility and credit history. Those alternatives will also save you from losing your assets.

For more on this subject: http://money.usnews.com/money/blogs/my-money/2012/05/16/5-ways-to-avoid-filing-for-bankruptcy