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August 2015 Archives

Managing credit cards wisely

Credit cards can be beneficial in a number of ways but when they are handled unwisely, they can lead you into financial trouble. At Ammerman & Goldberg Bankruptcy Law Office, we are often asked for assistance in reducing credit card debt and advice on how to manage cards more wisely.

Should I file a reaffirmation agreement?

If you are looking at filing for Chapter 7 or Chapter 13 bankruptcy, you may have come across the term, “reaffirmation agreement.” This is essentially a document that states you are committed to paying a specific debt, despite your bankruptcy status. However, you should consider several things before deciding to file one.

Famous rapper files for personal bankruptcy

When people in Washington, D.C., find that they owe more money than they can pay back, they have the ability to start over again through bankruptcy. In personal bankruptcy, people can choose to file Chapter 7 and essentially sell off assets in order to pay their debt. The other option is Chapter 13, which allows people to keep their assets but restructure their debt so that it is manageable again. In order to be granted bankruptcy status, people must show their debts and assets.

Illegal credit collecting practices in Washington, D.C.

Suffering from debt is a real and prevalent problem in Washington, D.C., and across the country. According to NerdWallet, the average indebted household in the United States owes $15,863 in credit card debt alone. Student loan debt averages more than $33,000 and the average debt on mortgages is at $156,584.

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Phone: 202-559-1428

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Cabin John, MD 20818
Phone: 301-890-4500

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