Harold Shepley

Recent Blog Posts

Key Tips for Settling or Reducing Credit Card Debt

Credit card debt is one problems most Americans face at one point or another, and it can seem insurmountable. But settling your debt is a viable option, and can help you get started on the road to recovery. In a debt settlement program, you agree to pay a lump sum that is less than the… Read More »

Don’t Let Debt Collectors Harass, Intimidate

Everyone knows that ignoring debt collectors’ calls is not a good idea. Refusing to answer and negotiate with them can just make the situation worse. But when it comes to their collection tactics, you should know your rights. Federal standards Under the Fair Debt Collection Practices Act (FDCPA), the U.S. Federal Trade Commission (FTC) has… Read More »

What Happens to Student Loans in a Personal Bankruptcy?

Students often take out loans feeling certain that they’ll get a job that enables them to repay in full right after graduating. But new graduates are encountering difficulty finding a good job. When their student loans come up for repayment, this lack of a good job can present a problem. Your repayment obligation for student… Read More »

Report: One-Third of Americans Struggle with Debt

The stigma of debt prevents most people from admitting their financial troubles. But according to a new study by the Urban Institute, more than one-third of Americans currently have debts in collections. About 35 percent of Americans­­ — more than 77 million people — have debts delinquent enough to be sent to collections and reported… Read More »

Bankruptcy May Help Save Historic Pennsylvania Amusement Park

Pennsylvania’s historic Conneaut Lake Park has been authorized for a sheriff’s sale due to its significant debt in back taxes. But the park may still be able to save itself by filing for bankruptcy. The beloved Crawford County amusement park, which is 122 years old, has accrued $910,000 in back taxes over the last 14… Read More »

Ford City Borough Considers Bankruptcy

At Ford City’s council meeting this month, local residents and council members voiced their concerns about the borough’s economic future, which doesn’t appear promising. The borough has been struggling financially for some time. Since the Department of Environmental Protection fined the borough for problems with its plans for a new water plant and the Greater… Read More »

Pittsburgh Area Bankruptcies Drop in Second Quarter

According to the Administrative Office of the U.S. Courts, Pittsburgh has experienced a decrease in the number of bankruptcy filings by local businesses this year. The Pittsburgh Business Times reports that data from the Administrative Office of the U.S. Courts showed a significant drop in bankruptcy filings by Pittsburgh-area businesses — only 55 were recorded… Read More »

Starting Off Right with Budgeting Tips

In our consumer-driven society, young people are pressured into spending their hard-earned money, but most are not encouraged to save money. Credit card companies routinely bombard them with new ways to finance a made-for-television lifestyle. You can prepare your children for a better future by helping them develop good financial habits at home. Start with… Read More »

Things to Consider Before Filing Bankruptcy

Thousands of people file bankruptcy in Pennsylvania for various reasons. Some file to save their home in the face of foreclosure. Others may file because they lost their jobs and the debts just keep accruing. The circumstances leading up to bankruptcy are never simple, and the decisions you make before you file may become defining… Read More »

How are Taxes Treated when You File for bankruptcy?

Many individuals accumulate income tax debt and find that it is difficult to pay off the balance that is owed.  Nothing is more uncomfortable than owing the IRS money.  Thankfully, some taxes can be eliminated or reduced during a bankruptcy case.  Taxes are treated differently based upon the chapter under which a bankruptcy case is… Read More »