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The Riskalyze Report: Advisors Buy the Energy Dip!

December 22, 2014 by The Reformed Broker   Comments (0)

My friends at Riskalyze share the stocks and funds that advisors all over the country have used in their clients’ accounts each week. This data has been aggregated from across the client accounts of the thousands of advisors who use the software. Most of it comes directly through the third-party custodians where advisors’ assets are held. I hope we......

Can I Sell Some of My Assets Before Filing Bankruptcy?

December 22, 2014 by Reed Allmand   Comments (0)

The idea behind bankruptcy is to assist a person in resolving debt and learning better financial management. Being able to start again is not just about leaving the past behind, it also requires a person to protect their remaining assets. The benefits of this can be maximized by NOT borrowing, selling or depleting these assets […] The post Can I Sell Some of My Assets Before Filing Bankruptcy? appeared first on Allmand Law Firm PLLC.

Can You File Bankruptcy While in the Military?

December 22, 2014 by Reed Allmand   Comments (0)

While serving in the military, individuals have the same rights as regular civilians to file bankruptcy protection in order to save their valuable assets. However, individuals should keep in mind that certain high-ranking positions require security clearances that may not be available to people who have filed for bankruptcy. Nevertheless, there are no legal restrictions […] The post Can You File Bankruptcy While in the Military? appeared first on Allmand Law Firm PLLC.

Personal Bankruptcy and Business Ownership: What You Need to Know

December 22, 2014 by Reed Allmand   Comments (0)

If you file personal bankruptcy, it can take a significant toll on any business ownership in your name, depending on how the business was legally organized and the type of bankruptcy petition filed with the court. Under United States bankruptcy code, there are two types of filings for individuals; they are indicated by “Chapter” numbers, […] The post Personal Bankruptcy and Business Ownership: What You Need to Know appeared first on Allmand Law Firm PLLC.

I Just Received a Motion for Relief from Stay: What Do I Do?

December 22, 2014 by Reed Allmand   Comments (0)

A consumer facing a insurmountable financial burden many times pursue either a Chapter 7 or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy provides a consumer relief in the form of what is known as a discharge from a good portion of his or her debts. On the other hand, relief in a Chapter 13 […] The post I Just Received a Motion for Relief from Stay: What Do I Do? appeared first on Allmand Law Firm PLLC.

Ace Cash Express Stacked the Deck against Consumers, CFPB Collects the $10 Million Dollar Pot

December 22, 2014 by Reed Allmand   Comments (0)

  The Consumer Protection Bureau (CFPB) slapped Ace cash express with a $5 million dollar fine and ordered $5 million in restitution and refunds to borrowers. The CFPB found that “Ace used false threats, intimidation, and harassing phone calls to bully pay day borrowers into a cycle of debt,” said CFPB Director Richard Cordray.  Ace […] The post Ace Cash Express Stacked the Deck against Consumers, CFPB Collects the $10 Million Dollar Pot appeared first on Allmand Law Firm PLLC.

Obama Introduces The New Pay As You Earn Plan Capping Student Loan Payments

December 22, 2014 by Reed Allmand   Comments (0)

Springtime is supposed to be a joyful time for those who have graduated from college. However, for many members of the class of 2014, graduation means that they have left their student lifestyle behind, and they are about to meet their student loan debt obligations head-on. Typically, this reality is felt the most six months […] The post Obama Introduces The New Pay As You Earn Plan Capping Student Loan Payments appeared first on Allmand Law Firm PLLC.

Are Funds in an Inherited IRA Protected in Bankruptcy?

December 22, 2014 by Reed Allmand   Comments (0)

The Supreme Court finally addressed the issue of when an IRA does not count as a retirement account. For nearly ten years, the question of whether inherited IRAs are protected during bankruptcy has gone unanswered. Finally, the Supreme Court has answered it with a unanimous no. In Clark v. Rameker, Heidi Heffron-Clark filed for bankruptcy […] The post Are Funds in an Inherited IRA Protected in Bankruptcy? appeared first on Allmand Law Firm PLLC.

Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy

December 22, 2014 by Reed Allmand   Comments (0)

Chapter 11 bankruptcy, also known as “reorganization bankruptcy,” is a bankruptcy plan that allows corporations, partnerships and individuals to reorganize their finances and restructure their debt. Unlike Chapter 13 bankruptcy cases, Chapter 11 bankruptcy has no debt ceiling. This plan is popular with both large and small businesses that need to restructure their debt. The […] The post Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy appeared first on...