Alberto Hernandez Bankruptcy Attorney Miami, FL Blog
Florida Bankruptcy Without An Attorney – Part II of III
You have met with a bankruptcy petition preparer, you have paid them, and now you have questions. For starters, you want to save your house and you want to know what chapter of the bankruptcy code you can file. You also want to know if you can lower the interest on your motor vehicle and keep paying your motor vehicle while in bankruptcy. It is also important for you to know if you can keep some of your credit cards when you file. You turn to your bankruptcy [...]
Millennials Are Not Saving Money
According to a study conducted by Moody's Analytics, those under 35 are not saving their money. As a matter-of-fact, the savings rate for people under 35 has declined to negative 2%, this means that millennials' expenses exceed what they earn. Not surprisingly, millennials are the only age group that has a negative savings rate. People from age 35 – 44 on the other hand, have a positive 3% savings rate. Unfortunately, millennial are struggling financially even though the country's unemployment rate declined to [...]
What Do Miami Residents Spend The Most Money On?
As many of us know, Americans love to spend money. The question that should be asked is where do you find yourself spending the most money? Is it buying tickets to sports/entertainment events like Miami Heat games? Is it buying music, books, or even tickets to the movies? Better yet, is it waiting in a long line on Wednesday for the next lottery ticket for the upcoming drawing? If you guessed buying lottery tickets, you were right! A recent survey conducted by the [...]
What Hialeah Residents Really Need to be Better off Financially
Although residents in Hialeah and in Miami-Dade County are rejoicing at the end of the recession, there is an even larger crisis that can cause yet another economic plight. The United States and cities like Miami and Hialeah are facing a financial education crisis; it is increasingly difficult for us to understand the intricacies of finance. Fortunately, the Consumer Financial Education Bureau is addressing this matter by making important financial documents more legible, Putting new rules in place to protect consumers from people looking to profit [...]
Radio Shack Bankruptcy Closing in Hialeah, Miami area
Radio Shack is best known as the neighborhood electronics store. For many years Radio Shack hailed at the top of electronic stores internationally having had locations as far as Australia, the UK, Canada, and currently Mexico. Radio Shack, the company, was founded in 1921 by Theodore and Milton Deutschmann in Boston, Massachusetts. In the 1960's the brothers and their small store were having problems operating the store and maintaining enough revenue to keep the company going, essentially placing them in a bankruptcy situation. However, the brothers were saved by entrepreneur Charles [...]
Hialeah is one of the toughest places to find a job
In a recent study, Hialeah is considered one of the toughest cities to get a job in. For residents of Hialeah, this may not come as a surprise. The city has had a lot of growth over the years but it still has an unemployment rate of over 7%. Although that percentage may not seem like much, with a population of 234,451, it actually translates to about 1,000 people of the "employable age" range without work. Unemployment is a major reason why our clients [...]
Your Elderly Parents and their Finances
For many of us, the time has come for us to assist our parents with some day to day activities to help them lead more full and rich lives. One of the most common ways that we are asked to help is with managing their finances. Sometimes, they may come out and directly request the help and other times, you might have to intervene due to some changes in their normal spending and saving habits. Individuals who reach retirement age often have to adjust to a lower, fixed income [...]
Money issues are still really stressing Americans
"Despite an improving economy, nearly 90% of Americans surveyed by the American Psychological Association said the level of stress they are feeling about money has either remained the same or gotten worse in the last year, according to the group's annual Stress in America report." Almost 75% of the people surveyed by the American Psychological Association said they stressed about money at some point during the past month, and more than 25% said they stress about money all the time. The majority of these people were low-income people or [...]
Tips to Improve Your Credit Score
We all know that our credit score is very important in the United States. One of the main concerns after filing for bankruptcy is reestablishing good credit again and improving your credit score. After years of failed payments and negative reports, your credit rating is at a less than stellar number than before. A FICO score of 800 is something most individuals strive to achieve. However, according to a 2012 FICO study, only about 18.4% of the population has achieved that kind of [...]