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    Essential Money Management Tips

    Last updated 8 months ago

    The market is constantly fluctuating, and it is difficult to decide on the best course of action for investing your money. This video from the Wall Street Journal offers a theory for how to intelligently manage your finances without paying too much in brokerage fees.

    The video’s main argument is that most investors should be putting their money in index funds that go up and down along with the market. These often have very low administrative costs and negligible fees - allowing each dollar to go father than with individual stocks or handpicked funds. However, investors should be aware that index funds work best when the money stays in the fund for long periods of time. This means resisting the urge to withdraw the funds during a recession or downward slump.

    Household finances are complicated, but the Chicago-area team at Cutler & Associates has helped hundreds of Illinois clients manage their debt through bankruptcy and loan modification. If you are considering a debt discharge, call our office today at (847) 849-1834 to schedule a no-obligation appointment.

    Three Chapter 7 Bankruptcy Filing Mistakes to Avoid

    Last updated 8 months ago

    Millions of Americans struggling to pay off credit cards and medical bills may be able to benefit from discharging debt during bankruptcy. For those with unsecured loans, the best course of action may be a Chapter 7 filing. While potential filers should consult a local attorney before filing, the following are three key mistakes to avoid when filing for Chapter 7

    Forgetting the Statement of Intention
    Bankruptcy is a bureaucratic process administered by the federal government, which means that every debtor hoping for a discharge must file a whole host of paperwork. One such required document is a Statement of Intention that lists any and all debts secured by pieces of property. This may not be applicable to your Chapter 7 case, but you still have to submit it to the court, or else the clerk may decide that your application is incomplete.

    Lying On Your Application
    Do not knowingly omit any important financial information on your bankruptcy documents. If the trustee or judge finds out about any lies, he or she may stop the Chapter 7 proceeding and maybe even refer you for criminal prosecution in state or federal court. It is essential to be as honest as possible when disclosing your debts, assets, and liabilities to the judge.

    Not Submitting Documents to the Trustee
    Another important part of a Chapter 7 filing involves meeting with your court-appointed trustee do assess the state of your finances. This individual is a bankruptcy professional, but he or she may need additional information about your income and expenses. Don’t make the mistake of waiting until the last minute to provide documents to the trustee. The quicker you turn in your paperwork, the better.    

    Are you a Schaumburg-area resident facing creditor phone calls and letters from collection agencies? If you hold unsecured debt, the law office of Cutler & Associates may be able to help you file for Chapter 7. If you would like advice about your specific financial situation, call our office today at (847) 849-1834.

    "Had a very good relationship with them."| Cutler & Associates Reviews

    Last updated 8 months ago

    • on Avvo
    • Had a very good relationship with them. very easy to get in contact with them through email ,phone and text. never had to wait for office to open to ask questions to the lawyer.

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      Anonymous

    "He and the team held my hand and answered any and all questions no matter the time or day."| Cutler & Associates Reviews

    Last updated 8 months ago

    • on Avvo
    • I had gotten Stuart's name in a round about way. From the beginning Stuart had helped me get my bearings about the situation. He and the team held my hand and answered any and all questions no matter the time or day. They were very through, honest and straight forward with me. I have referred several people to them. I would not hesitate to use... More

      Anonymous

    Tips for Dealing with Abusive Debt Collection Agencies

    Last updated 8 months ago

    If you fall behind on your bills, lenders may give your account over to a company whose only role is to try and collect the money you owe. These businesses are often ruthless in their pursuit of your cash. Thankfully, a number of laws protect consumers from these scary companies. Here are some tips for dealing with abusive debt collectors:

    Learn the Law
    Depending on where you live, a number of different laws can protect you from harassment and incessant phone calls. State statutes often provide an initial layer of protection, but the main law that applies throughout the country is the Fair Debt Collection Practices Act (FDCPA). This regulation prevents collection agencies from calling you in the middle of the night, using profane language, or discussing your debts with your family members or employers. If you feel harassed, begin keeping a log of the collection agency’s actions in order to better prove your case.

    Consult an Attorney
    One of the best ways to make debt collectors stop calling you is to force them to go through your lawyer. As soon as an attorney begins representing you, collection agencies cannot call you directly. Additionally, a lawyer may help you sue the company in state or federal court for violation of the FDCPA or other consumer protection laws. You can win peace of mind and a financial settlement.

    File a Report with a Regulatory Agency
    Another option is to report the collection agency to the Federal Communications Commission (FCC) your state Attorney General’s office. Both of these government entities have the right to sue collection agencies on behalf of the American public, and can force collectors to change their ways. However, this process can be lengthy and potentially ineffective.

    The legal team at Cutler & Associates is skilled at applying Illinois and federal law to debt collection practices. If you want to fight back against harassment and never-ending phone calls, consider meeting with one of our lawyers to learn about your legal options. Dial (847) 849-1834 to reach our Chicago-area team and schedule a free initial appointment.

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