The Moak Law Firm - November 2019

Happy Birthday, Mickey!

How Much Do You Know About This Famous Mouse?

First Cartoon Character to Speak Mickey Mouse was the first animated character to be given a voice. His first words, spoken by none other than Walt Disney himself, were “hot dog,” which soon became his catchphrase. Here’s an even more fun fact: The third person to ever voice Mickey Mouse, Wayne Allwine, eventually married the voice actor of Minnie Mouse, Russi Taylor, after they met on the set of a Disney special. A Disco-Dancing Fiend Mickey’s 1979 disco album, “Mickey Mouse Disco,” went double platinum in 1984, the first children’s album to do so. The album included disco versions of Disney songs as well as “Disney-fied” versions of popular disco hits. If you ever want to hear what all the hype was about, you can still find this album on iTunes. These are just some of many fun Mickey Mouse facts to develop over his legendary 91-year legacy. To celebrate Mickey’s birthday on Nov. 18, find your favorite Mickey Mouse movie and watch it with the whole family!

It’s true what they say: Everything gets better with age. For 91 years, Mickey has brought laughter and joy to both children and adults all over the world. November is Mickey Mouse’s birthday month, so let’s celebrate with these fun facts about our favorite cartoon mouse. A Mouse by Any Other Name ... Walt Disney originally named the mouse “Mortimer,” but his wife suggested “Mickey.” Disney later introduced a character named Mortimer, who had little in common with Mickey besides a shared last name and romantic interest in Minnie Mouse. The Most Popular Write-In Candidate It’s true; Mickey is the most popular write- in candidate during election season. As one Georgia election supervisor noted in 2012, “Mickey always gets votes. If he doesn’t get votes in our election, it’s a bad election.” But he’s not the only Disney character who gets unwavering support. According to a California election worker, “Donald Duck is a close second.” So, if you’re one of the many who believe Mickey Mouse would be an excellent U.S. president, you’re not alone.

Can’t File for Chapter 7? Think Again!

Why Bankruptcy Lawyers Overlook Nonconsumer Debt

Consumer vs. Nonconsumer Debts

a person who needs to file for bankruptcy will often have a lot of student loan debt to deal with. Most of the time, student loans are consumer debts, but there are exceptions. For example, if you had to take on student loans in order to get a degree to keep your job, then those loans would fall under nonconsumer debt. It’s important to remember that while debt might be nonconsumer, that doesn’t make it dischargeable even through Chapter 7 bankruptcy. Even if your student loans fall under nonconsumer debt, they still can’t be wiped away through bankruptcy. That said, being able to discharge the rest of your debt can help ease the burden and let you focus on paying off those loans quicker. Need to file for Chapter 7 bankruptcy? Be sure to talk to a bankruptcy lawyer who will look at the difference between consumer and nonconsumer debt. It might make a huge difference to your financial future.

Consumer debts are classified as any debt incurred for personal, family, or household purposes. If you bought something for personal use, then the debt is considered consumer. Nonconsumer debts are also called business debts. This is anything that doesn’t qualify as a consumer debt. Examples of nonconsumer debts include these: Credit card debt used mostly to pay for business expenses Car loans for a truck used in a construction business • •

If you find yourself overburdened with debt, bankruptcy is a path to start fresh and get a second chance. Most people who have to file for bankruptcy want to file for Chapter 7. In Chapter 7, also known as liquidation bankruptcy, all of your dischargeable debts are erased in as little as three months. However, there’s an income limit for Chapter 7. If you make “too much” money, you have to pay back at least a portion of your debt through a repayment plan that can last up to five years. High-income earners frequently assume they can’t file for Chapter 7 bankruptcy, and they’re often right. But there is an exception to this rule. If you have more nonconsumer than consumer debt, then you don’t have to take the income test.

• • •

Mortgages on a rental property

Tax debt

Injury debts caused by the debtor’s negligence

What About Student Loan Debt?

Americans struggle with around $902 billion in student loan debt, so it’s no surprise that

Do you know anyone overwhelmed with debt o

2 •

www.TheMoakLawFirm.com

Made with FlippingBook - professional solution for displaying marketing and sales documents online