Why You Need Legal Counsel When Filing for Bankruptcy

You’ve become tired of the constant calls from your creditors. You are receiving threatening letters daily from the companies you owe money to. Your debt situation is out of control. You have decided that bankruptcy is your best option. 

Now, you may be tempted to file bankruptcy on your own. You may believe you could save the money you would pay an attorney. You could also be making a huge mistake that could cost you far more than attorney fees in the future.

Valuable Legal Advice

Unless you are an experienced bankruptcy attorney, the process will seem complicated. Legal professionals are able to provide you with important advice and answer any questions you have about bankruptcy. 

They know how to help when you feel lost and confused. These attorneys can help you make the best decision when it comes to the method of bankruptcy you should file and more.

End Harassment

A bankruptcy lawyer, like those at McCool & McCool, knows all the ins and outs of the business. A competent lawyer will know how to have debt collectors stop calling your house and business. 

If creditors continue to call once you have filed for bankruptcy, these lawyers will tell your creditors to contact them directly. They will handle these issues so you no longer have this problem.

Professional Relationships

An attorney will have developed important relationships with clerks, judges as well as other attorneys. They may also be familiar with your creditors. 

Their significant knowledge of the court system and those who work in it will be a huge benefit for your case. These professional connections can help them know the stage of your bankruptcy and keep your case moving through the legal system.

Residual Issues

One or more of your creditors could disregard your debt discharge. They may continue to try and collect on your discharged debt. It is also possible they could continue to report late payments on your credit report. 

An attorney will know how to handle this situation. It may require them to petition the court for injunctive relief. This will stop the creditor’s behavior in this situation.

Post-Bankruptcy

Once you have successfully filed for bankruptcy, you will then need to work on repairing your credit. This is when an attorney can provide you with important suggestions when it comes to rebuilding your credit rating. 

They will know how this can be done responsibly. The goal will be to set you up for financial success. They will help you be in the best financial position going forward.

You should realize bankruptcy is something that can happen to anyone. The yearly bankruptcy filings in the calendar year 2020 totaled over 500,000. 

This is a time when an innocent mistake can cause serious problems in the future. A lawyer will know how to guide you through the entire process. Your bankruptcy will be done correctly and be a benefit to you.

Services to Cancel if You Want to Cut Back on Your Monthly Expenses

When you’re struggling to keep your expenses within your budget, the first step is usually to cut out your more frivolous purchases. All those trips to the movie theater and impulse visits to the coffee shop might have to go. 

But if you’re still falling short of your goals, it’s probably time to cancel some of your services. This can be a painful step since it requires a long-term lifestyle change. 

All the same, it’s worth doing if you really want to get your finances in order. Here are four services that you could consider giving the ax.

Cable

For decades, cable television has been a cultural behemoth and the central form of entertainment in most American homes. It seems we’ve finally reached the point where that reality is changing. 

Streaming services like Netflix and Youtube allow viewers to watch their favorite programs, movies, and videos on demand, rendering traditional television obsolete. If you’re struggling to pay your bills anyway, you should join the masses who are abandoning cable in favor of new platforms.

Internet

While cable is on its way to becoming a relic of the twentieth century, the internet is at the very center of the current zeitgeist. All the same, you could save some serious money by ending the internet service to your home. 

It will be difficult to give up the convenience and constant connectivity that the internet provides, but you might find you’re more at peace in a web-free environment.

Timeshare

Investing in a timeshare might seem like a great idea at first, but all those expenses can become too much over the course of the years. The problem is that ending your timeshare commitment is often a lot harder than you’d think. 

Once these businesses have you in their grasp, they don’t let go easily. Consider hiring an expert in timeshare contract cancellation to get you out of this predicament.

Lawncare and Landscaping

While having your lawn mowed and your yard professionally landscaped is certainly convenient, it’s far from a necessary expense. Consider mowing your own lawn. 

The exercise will be good for you, and you might even enjoy the fresh air. If you’re physically incapable, consider hiring a “neighborhood kid,” whose services will be cheaper than a professional’s.

It’s amazing how much money you can save just by canceling a few services. By ending the contracts mentioned above, you can boost your monthly savings and get your finances back on track.

Living La Vida Hermosa

The conversation has been had so many times that it’s starting to become a parody of itself: adult children want their parents to move out of the big house that they’ve lived in for the majority of their lives﹘despite the happy memories﹘and get into one of the beautiful new developments springing up all over Las Vegas. 

No one wants them to feel displaced, or worse, muscled out. But as time has gone on, it’s become clear that Grandma and Grandpa have surrendered to inconveniences inherent to their home because to do otherwise would mean making drastic changes to the house that they love.

These inconveniences often stem from the size of the house. When they were younger and were starting a family, they needed a place for the kids to learn to walk and run; they needed a property the entire family could manage together, teaching the kids how to work and how to rely on each other; they needed the validation of buying a beautiful piece of property together, after so many years of toil and tenacity. 

But now they’re older﹘no, not just older. Elderly. The kids have moved out and had kids of their own, and they can’t manage such a big property anymore. The master bedroom is upstairs, the laundry room is downstairs, the trash barrels are too heavy, and the garden needs weeding. 

In the end, they hold tightly to the life that they know, much to the exasperation of the very kids who learned what family meant in that home.



This is a delicate time for our beloved parents who could be so much better served, living in a place that is more conducive to their needs. When trying to convince an aged parent to move there are three things that must be present, or they won’t listen. Each of these points, if honestly meant, should quiet many of their fears.

Las Vegas Means Options

The best part about being a cogent, autonomous senior is that there are options out there. Moving out to Las Vegas to enjoy the climate and the entertainment doesn’t have to be some sort of criminal extradition. 

If they are feeling particularly hesitant about one type of living arrangement, there are most certainly others. Maybe they are nervous about moving specifically to Las Vegas, because of perceptions about nightlife, and partying, and “not being their sort of town.” There are exquisite homes for purchase all over the area, like Henderson, NV.

Whatever community they are looking for is available in Las Vegas, and there’s a reason so many seniors are finding themselves making the move. 

One of which is that Nevada doesn’t charge an income tax, including income from Social Security and retirement. Another is that being in such a lively place means that their future home is a shoo-in for visiting family.

Las Vegas Means Family

Family is ultimately what senior parents are worried about. Will they still see their grandkids? Will they still be invited to family gatherings? Will a smaller home mean that they won’t get to host their family as much as they like when they do come? 

All of these are completely fair worries to have. And that is where children can quiet their fears with assurances that their parents’ move to Las Vegas is going to be good for them, too.

One of the perks of living on the doorstep of America’s Playground is that family will always want to visit. The hotels, the shows, the food, and the gaming are not only ways to live large in one’s youth, but they are great ways to spend time together as a family. 

In Vegas, new experiences are popping up all the time that continue to raise the value of that town. And while it may be true that a smaller home might mean some family members are reserving rooms in these hotels off the Strip, chances are that not only will they enjoy themselves, but Grandma and Grandpa might just appreciate not having to maintain a big crowd spending multiple nights over.

Las Vegas Means Friends

The worries that aged parents live with when contemplating a big move are nothing new; virtually every senior person has had to deal with this fear of the unknown. But just because they’re not the first doesn’t mean that their worries are wrong, or that they need to tackle them alone. 

If these parents do consider moving into one of the beautiful senior living areas that exist in Las Vegas, they will be amazed at the camaraderie they will feel with people who so recently went what they did.

Having a support system of peers will do wonders for these senior individuals who may have seen so many of their old friends move or pass away. The new influx of friends will not only give them an essential outlet for companions with whom to spend time, but they will feel a revival in their desire to explore the richness of life.

No one likes seeing their senior loved ones disappointed, but they like even less seeing them alone or inconvenienced. There is no shortage of reasons why Las Vegas is quickly becoming the place to retire, and with an open mind, they might actually like discovering those reasons for themselves.

Your Full Guide to Day Trading US Tech 100

Are you interested in day trading US tech 100 stocks? Well, one of the things that you require is a suitable trading strategy. Tech 100, also known as US tech 100 or NASDAQ 100, is a modified market capitalization-weighted index comprising top non-financial companies listed on the NASDAQ stock exchange.

Day trading tech 100 is a common strategy in stock markets and can be very rewarding if you execute it well. However, we must indicate that it can be challenging, not only for newbies but also for experienced traders. This post is a full guide to day trading NASDAQ 100 for new traders.

The Basics of Day Trading Strategies

Before getting into the different types of day trading strategies, it is crucial to understand the basics. Here are some crucial elements that you need to know:

• Money Management

It is important to point out that stock trading is a risky undertaking where one can easily lose his/her resources. So, you need the right money management strategies. Start by deciding the amount you are willing to risk.

Consider risking only a small portion of your cash in every trade, preferably 2-3% of your trading capital.

• Timing

When the stock market opens, it tends to get very volatile, and an experienced trader may be able to rake some profits. It is prudent for new traders to always hold back for about 15 minutes to establish the emerging trends. After all, you have a lot of hours ahead to trade.

• Time Management

As a day trader, do not expect to make a lot of money from trading for one or two hours. Instead, you need to follow the market to identify potential trading opportunities continually.

• The Need for a Good Broker

To successfully trading US 100 stocks, it is also important to look for a broker with low transaction fees. This will ensure that all the profit you make does not get galloped by the broker. Other attributes to look for including the availability of diverse trading instruments and an easy-to-use trading platform.

Common Day Trading Strategies

The following are some of the standard day trading strategies you can use. Take a closer look at each to understand how they work and increase your trading chances successfully.

• Breakout Day Trading Strategy

This strategy focuses on the price of a selected stock to note when it clears a specific level on the trading chart with a growing volume. A trader might enter a long position when the price breaks above the resistance level on the chart. If the selected US tech 100 stock price breaks below the support, you might go for a short position.




When an asset manages to break through a barrier, what follows, in most cases, is high price volatility in the direction of the breakout. It is important to use the right indicators to identify the levels of support and resistance correctly. You can use a selected stock's recent performance to identify support or resistance and set a reasonable price target.

• Scalping

Scalping is another popular strategy used by stock traders. The method capitalizes on short price movements, implying that the trader can enter and exit multiple times to drive quantity. The strategy is fast-paced and an inspiring way of trading, but you must be extra careful because it can also be perilous.

To increase your chances of success when scalping US 100 stocks, it is prudent to look out for attractive liquidity. Furthermore, you should be good at timing and close trades fast to avoid incurring losses.

• Momentum Trading NASDAQ 100

Momentum trading entails acting on news reports and identifying trending moves supported by high volume. If you take a closer look at US tech 100, USA 500, and Dow Jones stocks, there are always several stocks that move with 20-30% every day. You can consider trading such stocks using a momentum strategy to increase your chances of success.

To use the momentum trading strategy, you start by identifying a trend to open a position. Then, hold unto the position until you get signs of reversal; once the reversal is confirmed, exit and look for trading opportunities in the new trend.

The momentum trading strategy is pretty simple and effective if you use it correctly. However, you need always to be alert about the latest news and announcements that affect the stocks.

• Reversal Trading

While it is true that reversal can be a potentially dangerous strategy, mostly when employed by novices. The strategy is also known as pullback trading and requires an in-depth understanding of the stock market dynamics.




To trade Tech 100 using this strategy, you need to identify the possible pullbacks and predict their strength. If the selected stock's reversal is strong enough, you might take it to be a decent trading opening. You must be on the lookout to note when the pullback is about to end and close your position.

Risk Management in Day Trading Tech 100

As we have mentioned, day trading is high-speed. Within a short moment, you can make impressive gains, but it is equally possible to make huge losses. To reduce the risk of loss, you should use several risk management methods, such as these:

• Identify a good strategy and apply it skillfully.
• Consider following the 1% rule, which indicates that you should never put more than one percent of your capital on a single trade.
• Use stop-loss orders to minimize losses if the price of a stock moves against your prediction.
• Diversify your portfolio by looking beyond US tech 100. For example, you might consider adding bonds and platinum trading into your portfolio.

If you are new to the stock market, tech 100 stocks can be an excellent place to start. Using a good day trading strategy, you enjoy limited intra-day risks, greater time flexibility, and do not have to worry about the dangers of holding positions overnight. 

Remember that in the stock market, especially when using day trading strategies, it is essential to build your skills progressively.

4 Unexpected Ways You Can Make Money While Cleaning Junk out of Your Home

Not many of us look forward to the idea of cleaning out our home. However, you should get excited to do so because there are various ways that you can make money while cleaning the junk out of your home. We're going to share four methods with you below, so prepare to get pumped up.

Sell Your Clothes

Many communities have stores popping up where you can sell your old clothes. Discount stores allow others to purchase name brand items for much cheaper than at the retail stores. If you have some old name brand clothes or other similar items, then you want to put them all in one bag. 

You'll simply need to take the bag to one of these discount clothing stores. They'll go through your bag of items and offer you money for the ones that they want to purchase.

List Working Items

As you're going through the items in your home, you'll likely come across a multitude of items that work, but you no longer need. Most of us hang on to these items for the simple fact that we don't want to throw them out because they're still working. 

What you can do to make yourself a little change is to list these items on online marketplaces and offer them at a discounted price.

Sell Scrap Metal

Selling scrap metal is a very easy way to make some extra pocket change without a whole lot of time invested. As you're cleaning out rooms like your garage or attic, you'll likely find spare metal. 

Scrap metal buyers will pay for different types of metal, including copper, steel, and aluminum. It's also not uncommon for these dealers to also pay for things like old appliances that have metal inside of them.

Use Buyback Sites

Another great way to get money for your old items is to sell them to buyback sites. There are sites for different items. Some of the most popular include book buyback websites and cell phone buyback websites. 

Most of these places offer free shipping and will automatically deposit the money into your checking account for the items that you're selling them.

Cleaning out your home doesn't have to be an overwhelming experience. Rather, when you understand that you can make money off of your old items, it starts to become a fun experience. 

When you start your next spring cleaning, consider all four of these options for making some extra money from your old items.

Financial Recovery Tips for People and Businesses Hit by the COVID Economy

Over the past year, tons of lives have been disrupted. Despite the hard times, sometimes it is all you can do to pick up the pieces and keep moving forward. Otherwise, how else would things go back to normal? 

Thankfully, with the right approach, you can return to full steam. Plus, if you got a little bit of luck, you'll be even better off than you were before. If you’re looking to improve your circumstances after personal loss (whether financial, personal, or health), here are some ideas to consider about steps you can take to reset and try again. 

These tips are equally applicable to households as well as businesses, so let’s get started.

Evaluating Your Present Circumstances

To begin, you've got to take a good hard look at where you and your business are. Getting an outside perspective can also help you see things from another angle. Having a clear picture of where you are versus where you want to be can help you think about what you need to do to get to the place you want to be. 

Look at your circumstances, get your bearings, and then you can choose the path forward. Financially speaking, make sure you are familiar with your bills and how they are paid. 

Often, one person in the family or business manages the budget, but if more people are aware and at least know where their money is and who it goes to, it can take a lot of the insecurity that comes from not knowing.

Write Your Budget Down on Paper

Start by listing all your monthly expenses on paper. Following that, add up all your income as well. Now, try to make both sides of the equation balance. If you have less income than your expenses, you've got to make some major changes.

If your business is a brick and mortar company or a restaurant that relied on foot traffic or a dine-in experience, a pandemic and shutdown would certainly explain a loss of revenue. Is there a way that you can pivot and bring your product to your customers instead? 

Seeing your budget in front of you would help tell you what you can or can’t try to do and how much time you have to try new ideas.

Of course, if someone in the home has lost a job, that would explain a deficit. Still, until they are employed, you'll have to figure out how to balance the budget. 

You’ll never know when you or another member of your household will get hired again, so while looking for jobs, it is wise to try to cut bills or spending on non-essential purchases as much as possible.

Are There Areas Where You Can Reduce Your Expenses?

Often, we have tons of unnecessary expenses that come out of our bank accounts each month. Most of the time, these charges occur without anyone realizing it. 

Since they automatically debit the account, it could be from a subscription service you haven't used in years. Maybe you only use it rarely, or it’s a subscription to a magazine or video game service.

Often, businesses must cut discretionary spending as a way of saving money. This can mean temporarily reducing or eliminating spending on company parties, team lunches, company benefits, or anniversary gifts. 

After all, the little (or not so little) things are cut. If there’s no way to keep going, sometimes it means laying off employees. This can be a difficult process, and for small businesses who don’t have a large staff, it can be impossible to do, but it must be considered since nobody will have a job if the company shuts down.

Would Increasing Your Income Be Possible?

Adapting and diversifying your income streams in business can be essential in times of change. Saying that on paper is easy, but executing it is often more challenging. Companies with a narrow niche are more likely to fail if they can’t adapt to a changing market. 

For this reason, you should consider how you can add to your products or services in a way useful to people. If you run a food truck, what if you could do catering? Can your department store begin shipping to customers who purchase things online? Can you make use of freelance delivery drivers to bring products to people in your neighborhood?




At home, perhaps, you are already on a shoestring budget. If that happens to be the case, then you might consider trying to supplement your income. Have you thought about ways to make money on the side? Also, if anyone in the home could pick up a job, they could start working a few hours each week. That way, they can help to contribute until the ship is upright.

Have You Considered Refinancing Some of Your Debt?

Finally, thanks to recent rate reductions, refinancing can be a great way to improve your cash flow. By reducing the interest accumulating on the money you owe, your monthly payments will shrink in size. Thus, if you qualify, refinancing the debt could save you money over time.

Rethinking Your Perspective on Debt

How much credit do you have on your credit profile? If you believe that you are overburdened, consolidating your debt could be a source of relief. In some circumstances, companies purchase debt from consumers. 

They will purchase all the consumer's debt while also giving them a lower monthly payment. Either by reducing the interest rate or extending the payment timeframe, you'll receive a more affordable payment. 

There are also forgivable loan options (PPP loans) that companies might be eligible for depending on your area ad type of business. Resources like these are crucial to investigate but vary from region to region.

Credit Repair Strategies

If your credit is bad because you have been behind on payments, finding lending options through traditional lending sources can be a daunting proposition. However, if you are a business in, say, Melbourne, Australia, with a delivery vehicle that just breathed its last gassy breath and you need to replace it, or your business will die too, or have to have a vehicle to commute to the job that is keeping your housing bill paid, sometimes getting a car loan from an alternative lender could be the right answer, even if temporarily. 

Making your payments on time is good for your credit in the long term, even on a less than ideal loan, and you can always refinance to a better rate when things improve. Just watch out for lending scams and predatory lenders who would take advantage of you in a rough spot.

Making Tomorrow a Better Day

As long as you follow this advice, things should start to get better soon. That way, simply making ends meet no longer runs you ragged. Otherwise, you'd have to work yourself to the bone just to make the minimum payments. If you had to ask us, that's no way to live.