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Rogers Bankruptcy Law Blog

What are some good ways to pay off credit-card debt?

Paying down your debts is not always easy. With credit cards, they can quickly add up, which means they become harder to pay down. High interest combined with paying the minimum payments each month can quickly wear you down and put you in greater debt than previously.

For people who are in significant credit-card debt, the good news is that there are ways to pay it off. How can you pay it off the fastest? The only way to know that is to look at your options. Here are a few things you can try.

Arkansas teens face the hazards of drunk driving

Most people don't think of high school students when they hear about drunk driving cases. Unfortunately, this is one of the many issues that these minors in Arkansas are facing.

Every two years, the U.S. Centers for Disease Control and Prevention (CDC) surveys high school students. In the most recent Youth Risk Behavior Surveillance study 1,700 students from this state were included. The results of the survey were rather troubling.

Control credit-card debt when it gets overwhelming

Credit cards can provide a person purchasing power when they can't use cash or other methods. While many people are able to safely use these cards and pay them off at a reasonable rate, even small financial changes can sometimes lead to an inability to pay the bill. This leads to a need for finding a solution to the issue.

We know that you want to take care of your bills, but that circumstances aren't making this possible. You do have options that might be able to help you deal with this. One of these is that you might file for bankruptcy. We can help you learn about what this entails and what responsibilities you will have to meet.

Bankruptcy isn't an admission of failure

Personal bankruptcy is a scary prospect for many people. It is easy to think that you are letting people down when you file, but this isn't the case. Instead, your bankruptcy case is a way for you to regain control of your finances. When you file, your creditors can plan for the outcome of the case and not having the full payment that is due on your account.

One thing to remember when you are considering bankruptcy is that you will have to determine what type of case you need to file. There are two primary types of personal bankruptcies -- Chapter 7 and Chapter 13.

What does the court want when you file for bankruptcy?

When you choose a Chapter 7 bankruptcy, you need to understand what liquidation bankruptcy means. You'll need to file your case with the court and pay a fee to do so. The court will ask for several things.

First, the court will want to see a schedule of liabilities and assets. It will also want a statement of your financial affairs and information on your executor contracts. List any unexpired leases and provide a schedule of your current income along with your current expenditures.

Marijuana laws are precarious right now

Marijuana decriminalization is one of the news issues that is being spoken of frequently these days. In recent days, Canada has announced a nationwide program for the legalization of this drug. Even President Trump has noted that he might be willing to look into loosening up the federal laws against marijuana.

In Arkansas, there are many different laws that apply to marijuana. For example, this state has a medical marijuana exception so that people who meet specific requirements can legally take the drug. Without a medical marijuana exception, you can be charged with a crime if you are found to be in possession of it. You can also face charges for selling, distributing or trafficking.

Attacking medical debts: How to fight debt

Medical debts are one of the greatest issues people face in America today. There's no question that health care is difficult to afford, and in many cases, one bad bout of an illness could lead to bankruptcy or heavy debts.

Medical bills lead to systemic debt and cause bankruptcies. Fortunately, there are ways to get out of debt when you're faced with medical bills. Here are a few tips to help.

A bankruptcy takes some work on your part

Not being able to pay your bills is a tragic situation, but you do have options. When you have credit accounts that you can't make the minimum payments on, you might need to consider finding relief from the money troubles. One of the plausible options that you have is to file for bankruptcy. We can help you learn about the process so that you can embark on it with a good understanding.

Just to be clear -- filing for bankruptcy isn't an easy way out. It isn't an instant solution to your problems. The only thing that is quick about it is that an automatic stay is issued when you file. This prevents creditors from being able to contact you with demands for payments. This can help you relax some since you won't have to worry about answering the phone or checking the mail.

Drug court helps to address more than criminal behavior

Many people who are facing drug charges worry about what life will be like in prison. Some of them assume that they will head straight there upon conviction. This isn't always the case. It is possible that some people who are facing less serious drug charges, such as possession charges, might be eligible for drug court.

The drug court program is one that was started in Florida in 1989. The purpose of this program is to allow people who have a problem with addiction to get the treatment that they need to overcome the addiction so they won't need the drugs in the future.

Debt growth in America: The facts

Debt has not always been a major part of the American identity, but in 2017, it certainly was. American's total credit card debt grew substantially in 2017, reaching $931 billion, estimates confirm. That's around 7 percent higher than in previous years.

Households carrying debt tend to have around $15,983 in debt on credit cards, while homes with mortgages and other debts usually have an average of $133,568. It's an unfortunate truth, but spending has outpaced increases in income in many different sectors, making it harder to live comfortably on less.