Bank finance articles and tips

Culturally, the word cheap has some negative connotations if used in a certain context; that is not the case here. Learning how to be cheap and save money, will supply increased income to make money. The level of thriftiness exerted is dependent on several factors; some of which will require behavior modification if change is desired in this area. There are many articles on the internet about the ten top ways to save every day, the most common being eliminating that wonderful to go latte. This is not what this article will explain. What it will explain is how to develop a frugal mindset, put it into action, create savings, and invest them....

When a debtor files a voluntary bankruptcy, a change in circumstances may occur which justifies dismissing the case. While it is rarely recommended that a debtor dismiss their bankruptcy case, there are some issues which can arise that justify a dismissal. Let's take a look at a few:

Job Changes

If a debtor files Chapter 13 bankruptcy they are doing so because they earn enough income to pay some of their unsecured debts and hold onto property attached to loans. Under a Chapter 13 bankruptcy plan, a debtor's income allows them to make monthly payments for three to five years until the terms of the repayment plan is satisfied. However, if a debtor's income decreases significantly or they lose their job, they may want to dismiss their bankruptcy case. A dismissal may be the best course of action if a change in income occurs before plan confirmation or before the debtor has begun making payments. However, if the debtor has already begun making payments on their debts they might prefer a conversion to Chapter 7 bankruptcy instead.