In Texas as elsewhere in the country, many people carry consumer debt. Most are able to pay it off over time, but sometimes unfortunate circumstances lead to debt that cannot be easily paid off. This often leads to harassment from debt-collection agencies.
Sbarro files for Chapter 11 bankruptcy reorganization once again
Business owners in Tyler, Texas, would understand the detrimental effects that debt can have on the prospects of a business. In addition to the cash crunch, business debts can also harm the reputation of a business, and in the process, limit its future prospects for growth and sustainability. In such situations many businesses file for bankruptcy and reorganization under Chapter 11 of the United States Bankruptcy Code in an attempt to start over after taking necessary corrective actions.
Credit card debt increased in 2013, expected to rise in 2014
Credit cards make purchasing products easy. With a simple swipe of the plastic, it is possible to purchase just about any product without necessarily having the funds to pay for it. It is because of this ease, perhaps, that so many in Texas and throughout the U.S. struggle with credit card debt. Credit card debt can accrue quickly and once someone is caught in a web of debt, it is oftentimes difficult to escape.
