In this week's episode, we interview Ryan Abremski, Director of Business Development for Executive Care, a home care company.
Health care costs are one of the main reasons that someone files for bankruptcy. As we age, health care becomes an increasing concern. But what if we're still "young" and need a bit of help around the house while recovering from surgery, or if we have some medical issue that prevents us from taking care of ourselves in the home.
Ryan's company helps to take of us in our home. He assists people with short term or long term care, for everything from assistance to people with disabilities, to surgery recovery.
In looking back on last year, I accomplished many of the goals that I set for myself. In this week's episode of The Crushing Debt Podcast, I lay out my system for setting and accomplishing those goals.
In this week's episode of The Crushing Debt Podcast, I talk about a few tips to help you budget.
As I've always said, there are two ways to get more money - increase income and decrease expenses. In this week's episode, I talk about ways to use your budget to do both.
- Tips to increase the amount of money you receive each payroll
- Tips to decrease monthly expenses
In this week's episode of The Crushing Debt Podcast, I have a return guest.
Rob Kellog is my guest this week. Rob is the host of the Brewin Up Business podcast. Rob and I, over a few adult beverages, discuss intellectual property law and at what point should you apply for a trademark and what that process entails.
One of the questions I'm asked most often, "What is the difference between a Chapter 7, Chapter 13 and Chapter 11?" This week's episode answers that question.
Chapter 7 is called liquidation. The Trustee will take any non-exempt assets, turn them into cash and pay off creditors. If all of your assets are exempt (protected) the creditors get $0.00.
Chapter 13 is called reorganization. The Trustee will pay your creditors based on any disposable income you have (or based on the value of any non-exempt assets, whichever is greater).
Chapter 11 is also a reorganization, but it is for businesses that want to reorganize, OR it is for individuals that don't qualify for Chapter 7 (because they have income or they have non-exempt assets), OR it is for individuals that don't qualify for Chapter 13 because they have too much debt (there is a limit to the amount of secured and unsecured debt you can have in a Chapter 13).
The main point of today's episode is to consult with a bankruptcy attorney in your area if bankruptcy might be an option. If you want me to help connect you to a bankruptcy attorney in your area, please contact me at www.yesnerlaw.com or firstname.lastname@example.org.