Ted Machi & Associates, P.C.

Every debtor is required to appear at a creditors’ meeting conducted by a trustee who asks the debtor questions about the debtor’s financial condition and gives creditors the opportunity to do the same. View the Creditors’ Meeting video. www.uscourts.gov

In order to file for bankruptcy, an individual must take a credit counseling course and accurately complete and file a number of documents. View the Credit Counseling Video. www.uscourts.gov

The Social Security and Supplemental Security Income disability programs are the largest of several Federal programs that provide assistance to people with disabilities...

There are three main types of bankruptcy cases for individuals, the most common of which are chapter 7 and chapter 13. View the Types of Bankruptcy video. www.uscourts.gov

Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of the federal bankruptcy laws...

Sean Engelking was pretty confident of his future when he arrived in New York in 2008 to pursue a career in banking. He had just taken an internship after graduating with a degree in economics. Engelking’s internship ended abruptly soon after moving to the New York. ...

Get your bankruptcy questions answered at DebtDrs.com. Ted Machi, the Debt Dr, has answered many of your frequently asked questions at the Debt Dr.’s website. All of the video answers are also listed on the Ted Machi YouTube channel. Below is the answer to the question, “What is Bankruptcy?”

Congress is still debating who should qualify for a benefits extension as thousands of jobless Americans lose their weekly unemployment checks every day. The House last month approved lengthening benefits by 13 weeks for those in high-unemployment states...

A new battle is appearing in Congress. This is in the same wave of protest as the consumers had against credit card fees this year. There is a support behind a crack down on overdraft fees, the penalty a bank charges when a customer spends more than the balance of their account...

People using natural gas this winter stand to save $105, compared with last year, and propane users will get even bigger savings, the government said. Households that use heating oil or electric heat also are expected to spend less during the heating season...

Claims for first-time jobless benefits increased more than expected last week. This a sign that employers are reluctant to hire and the job market remains weak. The government’s Cash for Clunkers program in August helped consumer spending jump by the most in nearly eight years. ...

1. “Personal bankruptcy’s not just for the poor.” 2. “When it comes to bankruptcy, one size doesn’t fit all.” 3. “We don’t want your house if we can’t get good money for it.” 4. “This could actually improve your credit score down the road.” 5. “Debt-settlement firms...