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Many people dealing with debt try to do their best to take control of the situation. It is relatively common for those with medical debts or high credit card balances to work on their household budgets or take on second jobs in their attempts to improve their...
Most homeowners are very proud of their real property and are quite protective of it. Individuals who own their own homes may have saved aggressively for years to afford a mortgage and may have spent even longer paying down the principal balance on their mortgages....
Landlords and tenants often find themselves in conflict with one another because of how a tenant tries to use a rental property. A tenant could engage in illegal activity that could endanger other residents or put the owner's interest in the property at risk. Other...
Bankruptcy exists to protect people and businesses from major financial hardship. If an individual loses their job, has a medical emergency or otherwise experiences significant economic hardship, they can use bankruptcy to protect themselves. A bankruptcy filing can...
Medical debt is one of the leading causes of modern bankruptcy. Even people with good health insurance may end up facing major medical debts due to coinsurance, uncovered treatments or out-of-network care. Over 100 million people in the United States have medical...
Any dwelling unit is likely to develop wear and tear due to the regular use of its occupants. Typically, landlords have to accept the age and use-related degradation of their facilities. Eventually, they may have to replace a refrigerator when it stops working due to...
In Massachusetts, landlords have the right to raise rent, but they must adhere to specific rules and regulations designed to protect both the landlord's and the tenant's interests when doing so. Understanding the circumstances under which a rent increase is legally...
Chapter 13 bankruptcy is a very common option selected by those with high levels of debt and concerns about their finances. During Chapter 13 proceedings, people can potentially eliminate some of their financial responsibilities after making payments toward certain...
Many people who might benefit from bankruptcy try to avoid filing if at all possible. They worry about losing their current lines of credit, suffering major financial setbacks and becoming ineligible for credit opportunities in the future. While bankruptcy does halt...
If you’re currently renting property to a tenant – or you’re taking steps to make this vision a reality – you may be capitalizing on a great opportunity. A rental property can be an incredible investment that can bring in considerable income, but you must ensure that...