Considering Bankruptcy but don’t know where to start? – Ask Steve

Considering Bankruptcy but don’t know where to start? – Ask Steve

Written by  in category 
January 20, 2017

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!


Here is a collection of places you can buy bitcoin online right now.

92 Responses

  1. winter care says:

    Hi there, I enjoy reading through your article post.
    I wanted to write a little comment to support you.

  2. Pretty nice post. I just stumbled upon your weblog and
    wished to mention that I’ve truly loved browsing your blog posts.
    After all I’ll be subscribing for your rss feed and
    I am hoping you write again soon!

  3. I like it when individuals come together and share ideas.
    Great website, keep it up!

  4. Hello to every one, as I am actually eager of reading this web site’s post to be updated on a
    regular basis. It consists of nice data.

  5. I couldnít refrain from commenting. Exceptionally well written!

  6. IsoHunt says:

    Hello mates, how is all, and what you wish for to say about this
    paragraph, in my view its actually remarkable in support of me.

  7. Your means of describing everything in this article is truly good, all can effortlessly understand it, Thanks a lot.

  8. Hal penting yang semestinya anda pahami dengan bagus,
    anda sebagai anggota wajib lebih disiplin dalam memilih web bermain poker online,
    seandainya kalian salah menentukan salah satu tempat untuk bermain, banyak kerugian yang akan di temukan di
    dalam sana. Maka anda mesti dapat memilih salah satu daerah yang ideal.
    Ketika kalian akan memilih web bermain judi online, lihatlah fitur
    yang mereka berikan, pastikan kalian kapabel bermain dengan bagus dan menerima lebih banyak kemujuran. Dalam website bermain poker online
    yang terpercaya banyak kalangan yang membuktikan sekiranya tempat bermain judi ini
    akan senantiasa menyediakan daerah tanpa memiliki kesusahan dalam
    bermacam-macam variasi keadaan sulit.

  9. Terrell says:

    I’ve been exploring for a little bit for any high-quality articles or weblog
    posts in this kind of space . Exploring in Yahoo I eventually stumbled upon this website.
    Reading this info So i am glad to express that I’ve a
    very excellent uncanny feeling I came upon exactly what I needed.
    I most unquestionably will make certain to don?t overlook this site and give it a look

  10. 유로247 says:

    Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of
    spam remarks? If so how do you stop it, any plugin or anything you can advise?
    I get so much lately it’s driving me crazy so any assistance is very much