\ September 2019 Archives | Tyler Texas Bankruptcy Law Blog

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Law Office of Gordon Mosley
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September 2019 Archives

A recession could impact those who have credit card debt

Many people in Texas have credit cards. They use them for large purchases, everyday expenses and even as a sort of emergency payment plan. Credit cards can be quite useful, but they can quickly lead to trouble. Currently, Americans are accumulating credit card debt at a fast pace, and this could cause problems down the road.

Medical debt can be subject of aggressive debt collection tactics

Medical debt is one of the biggest driving forces behind bankruptcy filings. Sadly, many people who seek out healthcare don't know the true expense they face given that medical costs and insurance policies are often cloaked in secrecy. Very rarely can an individual obtain an accurate estimate of his or her medical expenses before they are incurred. This often means that while people may be doing what is best for their health, they may be wreaking havoc on their financial future.

More elderly individuals seeking bankruptcy protection

Debt knows no bounds. Anyone can be hit with unexpected expenses, whether they are for medical treatment, to repair much needed transportation, or to make home repairs that are necessary to keep a residence habitable. Although some people are able to dig themselves out debt, others struggle to do so and instead find themselves falling deeper and deeper into a debt spiral.

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Law Office of Gordon Mosley

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4411 Old Bullard Rd.
Tyler, TX 75703

Phone: 903-266-1843
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