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Chapter 11 Bankruptcy

9. June 2015

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Chapter 11 bankruptcy is primarily for businesses, although SmithLaw has seen it filed by individuals before. Chapter 11 bankruptcy allows for reorganization of a business. It is filed in the hopes of keeping the business alive long enough to pay off debts and usually to stay in business after the bankruptcy phase is finished. This […]

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Budgeting Tips for a Frugal, Yet Comfy, Life

28. May 2015

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Budget, budget, budget. Scrimp and save and realize your dreams. Think about experiences versus things and you could live a richer life. A rich life is different from being rich in a monetary way. We all want to be comfortable, but we don’t need to go overboard. Money doesn’t solve everything, even if it usually […]

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Helping Your Child Prepare for a Successful Financial Life

24. May 2015

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Many of us grew up without anyone teaching us about budgeting. Perhaps parents didn’t have time, or thought there would be time later or even that school was teaching this sort of thing. The sad fact is, not everyone receives a detailed budgeting education. Enrolling your child for any available household budgeting classes is a […]

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Homestead Exemptions in Florida

21. May 2015

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A homesteaded property offers various protections under Florida law, in cases of probate, divorce, bankruptcy, judgments, and more. It also exempts part of the property’s value from certain taxes. A homesteaded property is protected from creditors of the estate during probate. Typically, homesteaded property passes on to descendants or other heirs under Florida law, and […]

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Living Within Your Means

10. May 2015

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Sounds easy, right? But there’s always a way to spend the money you make, and it’s easy to just keep spending more as you make more. Credit cards don’t always help the situation, either.  Remember that buying something on credit is still like taking a loan, especially if you don’t pay it off in full […]

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Necessities vs. Desires

2. May 2015

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Food, clothing, and shelter are pretty basic needs. Humans need these to survive. Most of us are not at the point where this is all we desire in our lives, however. It’s hard to separate necessity and desire for everyone from time to time. And a little splurge now and again won’t be the undoing […]

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Planning Ahead for Life-Changing Events

28. April 2015

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You can’t plan life-changing events all the time. For instance, you might be able to plan a baby to a certain extent…but Mother Nature often throws a wrench in even the best-laid plans. Your baby might come early or late, you might be ordered to bed rest, you might need to take extra time off, […]

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Don’t Let Your Good Times Bankrupt You

20. April 2015

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We all like to have a good time. That’s the spice of life. You want to enjoy your family and friends doing things you like together. BUT, this can be costly. A fun vacation is a great way to connect. You just have to make sure you don’t go bankrupt having a once in a […]

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Saving Up for Summer Vacation

17. April 2015

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Traveling is fun, whether you go near or far. Summer is often a big time for a fun vacation. However, an elaborate summer vacation can set your finances way back, especially when coupled with summer camp and other getaways and travel you might do throughout the year. It’s hard to budget for all the fun […]

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