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Posted By
Attorney Huong Lam
We get it: Budgeting is hard. Throughout 2018, you may have felt a lot of frustration as you watched your credit dip deeper into the red, while your savings accounts fell to the wayside. But now it’s going to be a brand new year, which means you can make some New Year’s resolutions to yourself – and your budget. At Lam Law Firm, our Myrtle Beach bankruptcy lawyer Huong Lam knows how difficult it ...
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Posted By
Attorney Huong Lam
Many people assume that Social Security benefits are only for very old or injured adults. However, the intention of Social Security is to provide everyone with a means to pay for severe disabilities – and that can include disabled children and their families. For the average American family, the costs for even a single disabled or blind child add up quickly. From ongoing medical treatments to ...
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Posted By
Attorney Huong Lam
The holiday season is quickly approaching, bringing all kinds of fun parties, last minute travel plans, and of course, gift exchanges. While giving gifts is a beautiful way to celebrate the people you love, it can also take a tremendous toll on your credit card – and if you’re already in serious debt, too many holiday purchases can add unnecessary anxiety to your New Year’s financial planning. At ...
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Posted By
Attorney Huong Lam
Whether they are for social media platforms or for e-commerce services, we rely on smartphone apps to conduct various activities that affect our everyday lives. There are even apps that help us save money. For many people, saving money, budgeting, and tracking all of their finances are all challenging. According to the Federal Reserve, 44 percent of Americans said they couldn’t come up with $400 ...
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Posted By
Attorney Huong Lam
As Myrtle Beach bankruptcy attorneys, we often hear about the fears and drawbacks many clients believe about bankruptcy. Some of them are true while others are wildly unsubstantiated flat-out false. However, one thing that many people have in common: they’re uncertain as to just how badly their lives will be affected going forward. However, what many of these people don’t realize is just how many ...
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Posted By
Attorney Huong Lam
One of the reasons many people staunchly refuse to consider bankruptcy as a viable method of debt relief is the belief that their credit will be irreparably ruined. This is far from the truth: while your credit will be impacted by declaring bankruptcy, most people’s rating has already been damaged so severely through late and missed payments that a declaration won’t actually hurt it that much ...
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Posted By
Lam Law Firm
Picking the right insurance coverage can be confusing. Below, we break down 5 types if car insurance policies and what each one can do for you after an accident . #1: Liability Insurance This type of insurance covers you if you are in a car accident and you are found to be at fault. A liability insurance policy covers the cost of property damage repairs and medical bills for injuries . States ...
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Posted By
Attorney Huong Lam
Chapter 13 bankruptcy is designed to help debtors seek financial independence by helping them reorganize and restructure their debts in order to pay them off over a period of three to five years. However, there are limits on how much debt you can have in order to file for this particular type of bankruptcy. Let’s take a closer look at these limits and discuss how you can fit under them through ...
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Posted By
Lam Law Firm
It might not be fun or glamorous, but learning to budget your finances is an important part of maintaining your financial stability. Having a good budget in place can help you identify what aspect of your finances needs to be strengthened. Below, we give you some tips that can help you create a practical monthly budget. Know Your Monthly Income Before you can make a budget, you need to know the ...
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Posted By
Attorney Huong Lam
If you lose your job, it’s easy to fall into a spiral of financial hardship. In today’s job market, it can be extremely difficult to find stable employment again, especially if you need to do so quickly in order to take care of your family. This means it’s also not uncommon for unemployment to lead to someone needing to declare bankruptcy. However, can you declare bankruptcy if you don’t have a ...
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Posted By
Attorney Huong Lam
When many of us hear or see the word “budget,” we tend to have a visceral reaction to it. The fact is that we all know we need to have a budget, but people are often afraid of what that means in terms of their lifestyle. Americans perceive budgeting as a loss of fun. No more nights out on the town, shopping at the mall, treating yourself to a delicious dinner at a new restaurant, or trips to the ...
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Posted By
Attorney Huong Lam
Everyone wants to stretch their dollar and get the most out of what they earn, but figuring out how to accomplish this can be difficult if you are not sure where to start. If you never balanced a budget, how do you go about learning how to save money in a realistic way that allows you to address your needs while reaching your financial goals? This is a predicament most Americans frequently face. ...
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Posted By
Attorney Huong Lam
Everyone wants to build wealth and enjoy the feeling of financial comfort, but not everyone understands how to go about achieving this. Essentially, the basics of becoming wealthy are to spend less than you earn, save, invest, and repeat the cycle. While it certainly sounds straightforward enough, if you are just beginning to embark on the process of budgeting, this might be difficult to actually ...
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Posted By
Attorney Huong Lam
Creating a budget might not sound like the most exciting thing to do, but it is absolutely necessary if you want to take charge of your financial situation and achieve your goals, both immediate and future. If you are new to this and not sure where to even begin, this might seem overwhelming, but creating a budget does not have to be an insurmountable task. Moreover, once you create it, managing ...
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Posted By
Attorney Huong Lam
As a Myrtle Beach bankruptcy firm, we often hear about the fears and drawbacks many clients believe about bankruptcy. Some of them are true, while others are wildly unsubstantiated flat-out false. However, one thing that many people have in common: they’re uncertain as to just how badly their lives will be affected going forward. However, what many of these people don’t realize is just how many ...
Continue Reading
