RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How to Heat Your Home More Efficiently

November 11, 2016 1:54 am


Cold weather months come with the added expense of heating your home. Whether you heat your space to the point you can parade around in a bathing suit or pile on sweaters and socks as your thermostat stays low, you can glean some tips for using natural gas more efficiently.

1. Seal off unused rooms by closing the registers and keeping the doors shut tightly.

2. Keep furniture away from heating registers.

3. Install a timer that kicks the heat on an hour or so before you will arrive home from work, and shuts if off when you leave.

4. Make sure a clean furnace filter is installed.

5. Wash only full loads in the dishwasher and washing machine.

6. Clean out the dryer lint trap before each load.

Source: www.MissouriGasEnergy.com
 

Published with permission from RISMedia.


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Understanding Bankruptcy: What You Should Know

November 10, 2016 1:51 am


While most Americans hope they never need to file for bankruptcy, many don't know exactly what bankruptcy is. Bankruptcy is a proceeding in a federal court in which an insolvent debtor's assets are liquidated and the debtor is relieved of further liability.

Medical expenses continue to be the leading cause of bankruptcy in the U.S. According to the United States Courts, bankruptcy filings fell 6.9 percent (819,159) in June 2016 compared to the number of filings in June 2015 (879,736). This number of bankruptcy filings has not been this low since December 2007.

Read on to learn about the advantages and disadvantages of filing for bankruptcy, courtesy of American Consumer Credit Counseling (ACCC).

Advantages
One of the most important advantages of filing for bankruptcy is that consumers can obtain a fresh financial start. If you are eligible for Chapter 7 most of your unsecured debts may be forgiven or discharged. A secured debt is one which the creditor is entitled to collect by seizing and selling certain assets if payments are missed, such as a home mortgage or car loan. You may be able to keep (that is, exempt) many of your assets, although state laws vary widely in defining which assets you may keep. Collection efforts must stop as soon as you file for bankruptcy under Chapter 7 or Chapter 13.

Disadvantages
A bankruptcy can remain on your credit record for 7-10 years and can affect your future finances and ability to borrow funds. A bankruptcy may impede your chances of getting a mortgage or car loan for some time. Not all debt will be discharged. Examples of debt that cannot be discharged include child support, alimony, some student loans, divorce settlements and some income taxes. You should check with an attorney on the specific categories of debt that will be allowed for discharge.

Source: American Consumer Credit Counseling (ACCC)
 

Published with permission from RISMedia.


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