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December 2013 Archives

Massachusetts Lottery a moneymaker for some, but not all

Many Massachusetts residents find themselves searching for a fresh start in their financial lives during the holiday season. Quick fixes like winning the lottery are the dreams of many. Being in debt, of course, can add high levels of stress to a time meant for enjoyment. If one is looking for debt relief, and didn't win the Mega Millions lottery, one practical fix might be to file for consumer bankruptcy.

Singer Aaron Carter files for Chapter 7 bankruptcy

Personal bankruptcy may be a financial tool that some Massachusetts residents have considered. Bankruptcy has certain stigmas attached to it, but when you look at the facts, it can be a viable option to consider when overwhelmed by debt. The holidays can be an especially stressful time for those hounded by debt collection agencies, high pressure to pay high bills and other personal obligations. When considering debt relief options, filing for Chapter 7 bankruptcy allows most of a filer's debt to be absolved in a matter of a few months.

Credit card debt hits high marks in October

Massachusetts residents may find themselves overwhelmed by credit card debt this holiday season. It can affect a person's day-to-day life, family relationships and relationships in the workplace. Facing a cloud of financial uncertainty hanging can be very difficult. It can lead to high costs, including debt collectors calling at work and at home. Fortunately, there are several options for those who are dealing with a large amount of credit card debt. One of those options, Chapter 13 bankruptcy, includes a method to eliminate debts through gradual repayment.

Massachusetts retailers hoping for strong holiday sales

The Thanksgiving holiday is increasingly being turned into a sales frenzy. Retailers are offering special deals on many of their products and are counting on strong sales. Some of those deals may be a bargain, but they can also increase levels of consumer debt. The holiday season is a time for being with family, but it can also put increasing financial pressure on individuals who are in credit card debt.