A San Diego Bankruptcy Attorney Says Technology Can Help
San Jose Bankruptcy Attorney has a conversation with a San Diego Bankruptcy Attorney with regard to technology...
After the 341(a) hearing that a debtor must attend following a San Diego bankruptcy under either Chapter 7 or Chapter 13, there exists a requirement that the debtor attend a financial management course. This is the second of the two courses mandated by the 2005 Bankruptcy Abuse and Consumer Protection Act. This second course is supposed to be geared toward teaching the debtor how to avoid getting themselves in financial trouble in the future. As I have discussed in previous blogs, very often the debtor’s financial situation is not a product of the debtor herself but just the consequence of a globally-troubled economy (i.e., lost employment as a result of the employer doing decreased business which stems from the national recession). Regardless, the times themselves may help facilitate greater ease in personal finance management.
Consider how the new age of computers and smart-phones can assist in finding good deals on things. Not only are phones equipped with a basic calculator but I just saw an iPhone application that lets consumers take pictures of barcodes and then the app searches for the best prices for that product. This may not change spending habits but it can promote informed decision-making with respect to individual purchases. The Credit CARD Act set to become law later this month requires creditors to provide online access to account information and the credit companies themselves are setting up web tools to help consumers plan their repayment schedule. Sears, I think, has in-store computers available to shoppers to price-check competitors. Best Buy has a “price-match policy,” as do many stores. And the opportunity to learn what those other prices are is now incredibly easy.
So, as you emerge from your Chapter 7 bankruptcy or you complete your Chapter 13 repayment plan, the modern age can help you ensure fiscal responsibility. Of course, you have to employ the technologies for them to be any good and nothing can change the need for the consumer to be wise in their spending, but financial management is important; this is why, I suppose, it is a required instructional course for debtors seeking discharge following a Chapter 7 or Chapter 13 bankruptcy.
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
