The Dos And Don’ts Of Bankruptcy

Many people will agree that having to file for bankruptcy signals the end of the line. They can’t imagine how it is possible to overcome such a major financial blow, especially as you will no money left at all. But thankfully, bankruptcy doesn’t have to always be so devastating for you. As long as you follow these dos and don’ts, you will find that it can actually be quite easy to bounce back from it.


Don’t Leave Assets Off Bankruptcy Papers

To file for bankruptcy, you will need to fill in some bankruptcy papers. You will be required to fill in a lot of information and details on these papers, including details of all your assets. Some people fail to mention certain assets for various reasons. However, it really isn’t advisable that you leave any assets off these papers. If you do leave something off, it will not be protected, and you might lose it to pay off some of your debt. You are also legally obliged to mention all mortgages and car loans on your papers as well.


Do Tell Your Lawyer Everything

It is crucial that you get help with bankruptcy from a lawyer who specializes in debt and other financial situations. They will be able to uniquely assess your situation and tell you what your best course of action is. When you do meet your lawyer for the first time, it is important that you tell him or her everything that there is to know. Don’t hide anything out of embarrassment – they will need to know your whole situation so that they can help you as best they can.


Don’t Continue To Use Your Credit Cards

If you have any credit cards, you need to stop using them straight away. You should also stay away from convenience checks for the time being as well. Wait for ninety days after you have filed for bankruptcy to use these kinds of payment methods, as excessive use of them could affect your overall claim. In the worst-case scenario, you might even be required to pay back this debt you have built up on your credit cards before you can continue with your bankruptcy claim.

Do Leave One Bank Account Open

It is often recommended that individuals who are going through a bankruptcy claim close down as many bank accounts as they can. You should go ahead and close accounts, but always make sure that you leave one open. This account will be the one you can live out of on a day to day basis while you are waiting for your claim to go through. Be aware, though, that the bank will be able to access this and withdraw funds to pay off some of your debts.


Do Be Cooperative

The best thing you can do during a bankruptcy claim is to be cooperative. It is against the law to hide anything or lie while you make this kind of claim and, if you do, it will only hold up proceedings. So, be sure to always cooperative is you want this whole saga over and done with.

Good luck!

How to Get Promoted

Whatever industry you work in, gaining a promotion can be tough. However, in many cases, your future depends on it. Not just in terms of work satisfaction or ambition, but also financially. Many of us put things off until we’re earning more. We don’t take that holiday, we can’t get a mortgage, or we put off having a family until we’ve done well at work and are financially stable. Unfortunately, now most workplaces are unimaginably competitive and promotion or career advancement can be tricky. Here’s a look at a few things that you can do to help yourself take the next step at work.


Check Your Record

Unfortunately, things from your past can hold you back. Even if they are incorrect. Check Your files and fix anything you can. This could be something like using an affordable criminal defense attorney to expunge an unwarranted conviction, or having a long-lapsed disciplinary removed from your company records. Do whatever you can to make sure you are presented in the best light, but be honest about any past indiscretions.



One thing that holds many people back is that while being great at their jobs, they don’t network. Get to the office parties, make sure you push for new clients, learn to pitch and get to know people. Often, it’s these social endeavors that get you remembered and make all of the difference. If you struggle in social situations, find ways to boost your confidence and present yourself well.


Go Above and Beyond

Going above and beyond doesn’t necessarily have to be about work. You could remember your boss’s favorite drink, or to ask about their family. You could spot a work mate struggling and offer your help. It’s all about finding small ways to get yourself noticed and build a solid reputation as a member of staff they can’t afford to lose.


Smarten Up

Check your appearance. Over time we can let things slide and stop making an effort. So, take a good hard look at yourself and find ways to smarten up.


Avoid Gossip and Drama

Being the center of office drama and gossip will soon get you known. But, not in the right way. A gossip can be a risk. Your boss wants someone that is trustworthy, loyal and dependable so steer clear of the water cooler gossip.


Do Your Job

Know your job inside out and make sure you are doing it. Sometimes when we’re focused on pushing ourselves forward or learning new skills, we let the other stuff slide. Check yourself. Write a checklist of everything your basic job entails. Read the job description if necessary, so you are sure what is expected of you. Then, do it and do it well.


Ask for Advice

Talk to your manager. If you’re not due an appraisal, ask if you can have a chat. Then, ask them what you need to do to go further in the company and make a plan together. Sometimes just asking is enough. It lets them know you are interested.
If you are really struggling with promotion and seem to have hit a standstill, you could always consider a career change. Remember, it’s never too late.

Development Plans Are Plummeting In The US

With everything that’s going on in the US at the moment, with Trump causing chaos around the word, and terror attacks are a daily threat, it’s hard for people to understand that there are smaller threats. Such as the fact mortgage rates have risen by 3.83% recently, and development companies are struggling to build do to the lack of people being able to buy. Yes homelessness is becoming a crisis in the US. People simply aren’t able to afford the cost of living.

One state that is falling victim to the is San Francisco Bay. The crisis is so bad there, people are trying desperately to sell and move. But with people having little money due to mortgage rates and living costs being so high, it’s proving difficult for them to do. Those are fortunate enough to have a lot of money, are choosing to leave state, or even countries through companies like Enness International. Although you can get some incredible real estate in the US, the constant threat and financial issues just aren’t worth it to some, some countries are just much more stable.

With US housing creeping up to a 12 month low, it’s no surprise the US housing and urban development secretary is being put under enormous pressure by the rest of the government to try and get it under control. With the recent tragic hurricane Harvey, this might prove easier said than done. Thousands have been left homeless, with many family homes being completely destroyed. The financial rebuild of this will be exponential. Despite this, the people of Houston have been warned to expect housing prices to become more expensive due to the devastation this caused. This will be crippling for most families, as beforehand the state was reasonably afford to. It’s estimated a large amount of families will be relocating out of state in the hope for better living costs.

Cash is being flooded into some developments to try and salvage developments that are financially drained. In a lot of cases, a housing development will begin, the prices of mortgages keep rising, nobody puts offers on the property, so the development falls through. This in turn costs companies hundreds of thousands. However, this has all changed for a development company in Detroit. Mayor Mike Duggan has finally chosen a team of developers, and flooded $6M into a development of an old school into a block of apartments. He has stated cost of buying will be around 60% of the general income per person of the area. This is a huge drop from other states in the US, with states such as Miami’s living costs being a considerable amount higher.

So, the housing development issues in the US are really at an all time low at the minute. With many factors listed above contributing to this. Many people are looking to the secretary of housing and development to at least improve the situation rather than watch it crumble. Hopefully the coming years will see a drop in mortgage rates and living costs, and a rise in development plans to help the homeless crisis, and the natural disaster crises that keeping shocking the country.