Hoglund Law Blog

Don’t charge taxes on a credit card before filing When preparing to file a bankruptcy, there are a number of things which an individual should not do. One of these is to use a credit card or loan to pay taxes. If one pays for owed taxes by charging them on a credit card or [...]

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Despite all the negative headlines, debt is not always bad. Good debt can allow people to do what they otherwise could not, including, going to college, or buying a house or car. Bad debt is used to make purchases that are not necessary and purchases the borrower cannot afford. One way to determine if something [...]

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What is a deed in lieu of foreclosure? With so many individuals unable to afford to keep their homes, many people are looking for ways to walk away from their home. One option is to do a deed in lieu of foreclosure. When a person signs a deed in lieu of foreclosure, the person is [...]

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Pet Care Costs Putting Some in Debt Americans spend a significant amount to care for their pets. An estimate by the American Pet Products Association predicts that Americans will spend $50 billion on pet care in 2011. The estimate includes the cost of food, supplies, medicine, grooming, boarding, and veterinary services. Unexpected medical care causes [...]

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Many Americans are facing difficult financial situations. Results from a new Harris study show how consumers are reducing their expenses. (Today) The survey asked consumers to respond to whether they had thought about using different methods of saving money in the past six months. The results are listed below, along with the percentage of those [...]

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The Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection in Delaware. Dodger’s owner Frank McCourt was relying on a TV deal worth billions to help ease financial troubles. However, Major League Baseball did not approve the deal. McCourt is asking for time to secure another media deal, and he is seeking $150 million [...]

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Student loan debt is causing financial problems for many young Americans. The amount of student loan debt in the United States is over $900 billion. Student loan debt will continue to be a problem for graduates, because many states are reducing financial support for students and schools are increasing tuition. Borrowers cannot default on student [...]

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Beware of credit repair scams. There are many credit repair companies that are essentially scams. They take your money and they do not improve your credit or they only temporarily improve it. The Federal Trade Commission (FTC) offers this advice for avoiding credit repair scams: Do not work with a company that wants you to [...]

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A new study conducted by Bankrate.com suggests that the majority of Americans are not financially ready to deal with emergencies. Analysts suggest that Americans save enough to cover their expenses for six months. However, the study found that only 24% have enough savings to cover six months of expenses. Additionally, 24% of Americans have no [...]

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Welcome to hoglundlaw.com. We will soon have useful information available regarding Bankruptcy, Social Security, Debtor Education, and Mass Torts. In the meantime,  feel free to browse our website to learn about our areas of practice. To learn how Hoglund, Chwialkowski & Mrozik PLLC can best assist you, give us a call at 1-800-850-7867.

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