Bankruptcy Law

A wide variety of circumstances can place virtually anyone in a precarious enough financial situation that may merit filing bankruptcy. Understandably, this can be a very scary thought for most individuals; however, there are a number of resources available to...

Employment Law

As the Industrial Revolution swept America, Europe, and the rest of what is now known as the industrialized world, more and more people left their rural lives to live in cities and work in factories. As the number of such...

Search Attorneys, Find Law Firms for Legal Help

Law directory dedicated to find lawyers, search attorneys, find law firms and legal resources to gain help and support for your legal matters. Our website contains over 1500 lawyer listings categorized in professional legal categories. Additionally it contains sections for legal...


You may notice that some people seem lucky. When confronting difficult situations they have better options, rebound quickly, and come back stronger. This is not luck. These people plan for success and keep their options open.

Planning for financial success is not as hard as many people lead you to believe. In most situations, discovering you best strategy is nothing more than comparing your options before making a decision. Everyone dreams of winning the lottery occasionally but few believe it is likely. You also know with certainty that bills pour into your mail each month. You have a plan to pay them the best you can, but do not rely on lottery winnings. This simple decision silently includes risk vs. reward analysis based on probabilities.

If you have difficulty paying your monthly expenses, it is time to reevaluate. You have a wide range of options to reduce your expenses, eliminate debt and perhaps increase your income. Each of these options includes a degree of risk. Costs vary as much as potential rewards.

For example, you may consider a debt management plan to reduce your credit card payments by 20%. You may also consider a debt settlement plan that cuts your payments by 60% or even Chapter 7 bankruptcy that wipes out payments and debts completely. Each of these options can help. You must however focus on the probability of achieving your ultimate goal. Consider these options as nothing more than tools at your disposal.

Use your tools wisely. If you need a screwdriver, you would not throw away your hammer because it is in the way. Financial tools are similar. If you choose a debt settlement plan, do not destroy your Chapter 7 option to wipe out all debt and keep all property you own. To do this, you must consider what assets can be taken in bankruptcy and those you may keep. The best strategies seamlessly integrate tools, tactics, and the likelihood of financial success.

Work through your options one by one. Decide if you qualify. Evaluate risk. Analyze your probability of success in each situation. Then, calculate how much you expect to save over the next five years using each option you consider. If your success is not guaranteed--it seldom is--do not destroy your other options.

If you use this approach, you no longer need luck. You will control of your destiny. If your first plan fails you always have an uncompromised solution ready to claim the maximum benefits allowed by law.


Dave Clark is an attorney who is enjoys writing about bankruptcy strategies for Chapter 7 and Chapter 13. This article is for a client who asked, "Can I file for Chapter 7 a second time?"

Published in Bankruptcy Law
Tuesday, 06 April 2010 05:13

Divorce from a Marriage

Published in Divorce Law
Tuesday, 06 April 2010 05:42

Info: Mediation in the Workplace

Published in Mediation
Tuesday, 06 April 2010 06:04

Durable Power of Attorney:

Published in Other Legal Areas

Latest Lawyer Listings

  • Law Offices of Jason C. Matalas, P.C.Law Offices of Jason C. Matalas, P.C.Category: AttorneysDescription: "When Your Future Depends on it – You Need the Best. Expert Divorce and Family law representation dedicated to protecting your family, your assets and your future. Let’s get started. Call Us Now: (978) 304-2888" Country:
  • Atlanta Law ResolutionAtlanta Law ResolutionCategory: Tax LawDescription: People pay millions of dollars every year to " tax resolution" companies with little or no results. The are sucked in my constant stream of radio and TV ads and the high cost of many "Tax attorney". After helping people with debt problems for 30 years ...Country:
  • RIGHT LawyersRIGHT LawyersCategory: AttorneysDescription: Right Lawyers was started in 2004 by divorce attorney Stacy Rocheleau. She started the firm in an executive suite. Just Stacy, an office the size of a broom closet, a computer, and a few law books. 12 years later the firm has grown by adding four attorney ...Country:
  • Schneider HammersSchneider HammersCategory: Personal InjuryDescription: Schneider Hammers is an Atlanta personal injury law firm with over 40 years of collective experience. Clients do not pay unless the firm wins their case. Call today for a free injury review! 770-884-4626. Our practice is focused exclusively on helping ...Country:
  • Burg Simpson - Trial LawyerBurg Simpson - Trial LawyerCategory: AttorneysDescription: Founded: 1977 By Michael S. Burg Attorneys: 60+ trial lawyers, based in five offices in Colorado, Wyoming, Ohio and Arizona and providing nationwide legal representation Passion: To fight for peoples’ legal rights and hold negligent corporations and ...Country:
  • Show more...

Personal Injury

Business Law

Divorce Lawyers

Criminal Defence

Recent Activities

Pinned Items
Recent Activities
  • davidkashani
    davidkashani unlocked the badge Newbie
    Being part of a community. To unlock this badge, you need to register on this site.
    Post is under moderation
    Stream item published successfully. Item will now be visible on your stream.
There are no activities here yet