Category Archives: Debt Management


Avoiding Debt Settlement Scams

We are all facing uncertain times after the COVID pandemic. Some people may have had their hours reduced or perhaps have lost their jobs entirely. As it stands, there are plenty of companies out there that people who are struggling financially can reach out to in order to file for bankruptcy or help get their……
Read More

Minimum Payments Delay Improving Your Financial Health

When addressing the financial strategies of my clients, one recurring issue that presents itself is the practice of only making the minimum payments on credit card balances. It is imperative to understand why this approach can be detrimental to one’s financial health. The interest rates associated with credit cards are typically much higher than other……
Read More

Bankruptcy Attorney Joel R. Spivack Shares Why Debt Settlement is Not the Best Option for Everyone

When confronted with the overwhelming burden of debt, it’s natural for people to seek relief from any source possible. Debt settlement, a strategy in which a third party negotiates with your creditors to reduce or eliminate your debt, often presents itself as an attractive option. However, like most financial strategies, it’s not without its pitfalls. ……
Read More

Why Debt Consolidation Isn’t Always the Best Solution: A Bankruptcy Attorney’s Perspective

Financial distress can feel overwhelming, and finding the right path toward resolution can be challenging. Two common strategies that individuals consider when addressing this crisis are debt consolidation and bankruptcy. Both options present potential advantages and disadvantages and must be approached with a clear understanding of the individual’s unique financial circumstances. In this post, we’ll……
Read More

Know Your Rights: Fair Debt Collection Practices Act

You applied to a loan or a line of credit and, based on your credit score and past payment history, the lender took a chance on you. Since then, your financial world has collapsed. Perhaps you lost your job or got into a car accident and now have mounting medical bills. It doesn’t matter why……
Read More