What is Bankruptcy?

The official definition of bankruptcy is “the state of being completely lacking in a particular quality or value.” But when it comes to personal finance, the answer gets a bit more complex. Bankruptcy is a process that individuals, or businesses, go through to repay the debts that they owe. You declare bankruptcy as a way of saying you are unable to pay back your debts, and then you set up a payment plan. Usually, at least some, if not all of your debt is forgiven.

What’s the Catch?

To prevent people from just buying on credit, declaring bankruptcy, having the debt forgiven, then doing it all over again, there is a sort of credit “timeout” if you will. Usually it is a period of 5 years, but many factors will determine the “timeout” duration. During this period, you cannot purchase things on credit and you must be making payments to catch up on your current debt.

It is a great tool and has helped thousands get out of tough financial situations. However, if you try to do it by yourself, and you don’t have an attorney fighting for you, it can be difficult to do. The average person does not know much about the law, especially the specifics of bankruptcy law. Bankruptcy is a pretty big deal, so you want to make sure you’re doing it right and setting yourself up for success. For example, filing for a Chapter 7 bankruptcy would be utterly pointless if what you needed to do was file a Chapter 13 bankruptcy. Also, if you are in debt due to child support payments, alimony, or taxes, bankruptcy will not get rid of those debts. However, there are other legal remedies.

Instead of having to do hours and hours of research on the specifics of bankruptcy laws, I suggest spending just a couple of hours finding a good bankruptcy attorney. Attorneys already know all the ins and outs of the law and understand the kind of situation that you’re in. Feel free to do additional research on bankruptcy attorneys in your area, but if you’re in southern California, I’ll go ahead and tell you, BLC Law Center is the best choice.

My Experience With BLC Law Center

Like many 20 something year olds, I was buried in debt fresh out of college. I didn’t apply for scholarships and took out loans, assuming once I got my degree I could get a job and pay them off fast. Especially since I planned on going through med school, I figured it would be a breeze paying them off on a doctor’s salary. Unfortunately, like many people who start on the journey of medical school, I never finished. But I went to med school long enough to get even more student debt. Ten years went past, and I still had student loans, and on top of that I also had credit card debt.

I actually heard about BLC not long after I finished college. I had no clue how to do my taxes and had fallen behind. I was getting calls from the IRS and I knew I needed professional help. Oh, and if you’re wondering, BLC has all the top bankruptcy attorney San Diego¬†working together. I called BLC and they were able to help me fast and get me back on track. So several years down the road when I found myself in financial trouble again, I knew exactly who to call. They walked me through my different options and before I knew it I was back on my feet, getting my debt under control. Now, I recommend them to anyone who is struggling financially. For more info, visit https://www.blclawcenter.com.

Eureka Superlite Upright Vacuum Cleaner Review

The Eureka Superlite Upright Vacuum Cleaner is true to its name and is a great vacuum for everyday use in your daily cleaning routine. While not meant as a heavy duty vacuum, the Superlite is still powerful enough to tackle the messes of several very active children and a busy household. Can the Eureka SuperLite rank high on my list of the best vacuum for tile floor? Let’s find out… Here’s my personal review for the Model 440 Series Eureka vacuum cleaner.

Review

The Eureka Superlite is just that, it’s noticeably lightweight. I have used a similar sized Eureka vacuum before, and I noticed the weight difference right away. It’s a lot lighter that it looks like it should be, even when it’s full. I took the time to actually weigh the vacuum, out of curiosity, and it weighed in at just under eight pounds with the dust cup empty. It’s light enough that a two-year-old can push it around when it’s turned off, which is always good when you need a toddler around to “help” in your daily household cleaning.

Another bonus of the Eureka Superlite is that it’s easy to clean. The dust catcher is easy to remove and put back in. All you need to do is remove the dust cup, dump it, wipe it out, wipe off the filter and snap it back in. The whole process takes about two minutes. And you don’t need to clean it every day, only once a week or so, or as long as it takes to fill up the dust cup.

The Eureka Superlite also works on regular floors, not just carpets, and has a separate setting for this. However, it works best of tile floors. It picks up well on either type of surface, and is easy to push over carpets or non carpeted floors. The handle retracts easily too, for easy, more compact storage. Fully retracted, the vacuum is about 31 inches in height, and extends a to 44 inches.

I have been using this model for two months now, and haven’t run into any problems so far. I trust that I won’t, either, as I’ve used similar Eureka models before, and they’ve always held up for me. I’ve always been impressed with Eureka, and would definitely recommend this product to anyone who is looking for a great, easy-to-use vacuum for tile floors.