Ask Steve Show Topic – Jan. 28, 2017

Considering Bankruptcy but don’t know where to start? What it costs? What the impact could be to your credit and future financial health?

Join Attorney Stephen Foondos from the United Law Center this and every Saturday from 3-4:00 p.m. for the Ask Steve radio program on NewsRadio KFBK 1530AM when we discuss the pros and cons of filing Bankruptcy, what it can cost and how do you know if it makes sense. Make sure and check out Stephen’s new legal challenge series that runs every weekday morning at 7:30am on KQCA-MY58 TV. These weekly topics will extend into the radio show where we explore them in more depth. This week’s show will cover:

What is the most common cause of Bankruptcy filing? Per a report from the American Journal of Medicine last year, “As recently as 1981, only 8 percent of families filing for bankruptcy cited medical reasons. By 2010, when the Affordable Care Act was passed, medical bankruptcy was all-to-common. A 2009 study by Himmelstein et al, published in The American Journal of Medicine, revealed that 62.1% of all bankruptcies had a medical cause.” In a study by the Kaiser Foundation in 2015, “Workers’ share of health insurance premiums for their families rose 83 percent from 2005 to 2015, and the amount employees had to pay for deductibles for individual insurance increased 255 percent from 2006 to 2015. The increases are far higher than growth in workers’ wages,” especially in the first half of that period the country was in the worst Recession it had seen in decades. Continued healthcare reform is critical to helping stabilize the economy and help Americans weather medical storms in their lives without it devastating them financially.

What are the pros and cons of filing Bankruptcy? This article is a great resource and we will discuss it in more detail to give context to how it can work well in certain situations. If you are seriously considering Bankruptcy you want to also understand asset protection. Ideally you can start planning for asset protection now, before creditors begin to come after you. Check out this article to learn more about asset protection, including estate planning..

Join us each Saturday on 1530AM NewsTalk KFBK for the Ask Steve Show from 3:00-4:00 p.m. Past show podcasts are available here. Next week, we will discuss the legal impact of drunk driving ahead of the Superbowl. Did you know that the Superbowl is one of the highest days of the year for DUI arrests? Be smart and plan your ride before you celebrate!

Stephen Foondos United Law Center. Get out of debt! Sounds simple, right? No, we know it’s not so easy

Join Attorney Stephen Foondos

Get out of debt!

from the United Law Center this and every Saturday from 3-4:00 p.m. for the Ask Steve radio program on NewsRadio KFBK 1530AM when we discuss why it’s important to get out of debt and also what it means when you work with an attorney on contingency. Be sure and check out Stephen’s new legal challenge series that runs every weekday morning at 7:30am on KQCA-MY58 TV. These weekly topics will extend into the radio show where we explore them in more depth. This week’s show will cover:

Interest Rates just were raised again

Get out of debt! Sounds simple, right? No, we know it’s not so easy, but it’s important given the uncertain political climate and major transition happening in our country. Interest rates just were raised again, for the second time this year, and are expected to go up again at least once more in 2017. Rates for mortgage modifications alone have risen from 3.5% to 4.25% since December! The sooner you manage your debt, the better off you are to be ready for a rainy day. Check out this list of easy tips to get started. Think Bankruptcy may be something you should consider? We are here to help. Please call us at 916-367-0622 for a free consultation.

Hidden Costs of Contingency Fees – You know the old adage, “It sounds too good to be true?”, well contingency fees can sometimes fit into that category. In workers’ compensation and personal injury cases, like car accidents or other medical claims, attorneys get paid on contingency meaning they don’t charge you for their time spent litigating the case until it is settled in the client’s favor. Sounds great, right? However, in order to properly litigate your case, there could be hard costs, expenses and other fees charged to you for evidence gathering and expert testimony. Make sure you stay in close communication with your attorney so they aren’t incurring these costs, which will be charged back to your case, without your knowledge and buy-in. Otherwise your settlement could be greatly impacted by such costs once the payout for settlement is made. Moreover, if you lose your case, in some instances you could also be responsible for the other side’s attorney costs, in addition to our own. If you have further questions on this, please email us here.

Join us each Saturday on 1530AM NewsTalk KFBK for the Ask Steve Show from 3:00-4:00 p.m. Past show podcasts are available here.

 

Read the latest car news and check out newest photos, articles, and more from the Car and Driver Blog.

Stephen Foondos United Law Center. Get out of debt! Sounds simple, right? No, we know it’s not so easy

Join Attorney Stephen Foondos

Get out of debt!

from the United Law Center this and every Saturday from 3-4:00 p.m. for the Ask Steve radio program on NewsRadio KFBK 1530AM when we discuss why it’s important to get out of debt and also what it means when you work with an attorney on contingency. Be sure and check out Stephen’s new legal challenge series that runs every weekday morning at 7:30am on KQCA-MY58 TV. These weekly topics will extend into the radio show where we explore them in more depth. This week’s show will cover:

Interest Rates just were raised again

Get out of debt! Sounds simple, right? No, we know it’s not so easy, but it’s important given the uncertain political climate and major transition happening in our country. Interest rates just were raised again, for the second time this year, and are expected to go up again at least once more in 2017. Rates for mortgage modifications alone have risen from 3.5% to 4.25% since December! The sooner you manage your debt, the better off you are to be ready for a rainy day. Check out this list of easy tips to get started. Think Bankruptcy may be something you should consider? We are here to help. Please call us at 916-367-0630 for a consultation.

Hidden Costs of Contingency Fees – You know the old adage, “It sounds too good to be true?”, well contingency fees can sometimes fit into that category. In workers’ compensation and personal injury cases, like car accidents or other medical claims, attorneys get paid on contingency meaning they don’t charge you for their time spent litigating the case until it is settled in the client’s favor. Sounds great, right? However, in order to properly litigate your case, there could be hard costs, expenses and other fees charged to you for evidence gathering and expert testimony. Make sure you stay in close communication with your attorney so they aren’t incurring these costs, which will be charged back to your case, without your knowledge and buy-in. Otherwise your settlement could be greatly impacted by such costs once the payout for settlement is made. Moreover, if you lose your case, in some instances you could also be responsible for the other side’s attorney costs, in addition to our own. If you have further questions on this, please email us here.