Bankruptcy is a fresh start, one that may come at the price of leaving some properties and assets behind. But there are some things vital to a happy and healthy life that can be preserved.
Are you going into 2020 with too much credit card debt?
Owning a significant amount of credit card debt can be a financial burden for Texas consumers of all income levels. Holiday spending might be one of the main reasons why you could be entering in the New Year with this type of burden weighing you down. If you would like to take care of your debt problems in 2020, there are various options available to you.
Surge in auto sales has meant more consumer debt
According to a recent report, the market for new automobiles is showing some signs of peaking, but the market for new auto sales remains strong.
Don't let the shame of being in debt keep you from seeking relief
Most Americans are in debt. Some may only have what they consider good debt -- such as a mortgage -- but many have credit card and other financial obligations that make life tough. This is an issue that few people like to discuss with anyone because there is a sense of shame for letting one's monetary situation get out of control. Being in debt is nothing to be ashamed of, and feelings of shame should not prevent you from seeking the relief you need.
Retail Apocalypse poised to continue in 2020
Many people in Texas may have heard the phrase Retail Apocalypse bantered about in the mainstream media. The phrase refers to the fact that 2019 was a particularly dismal one for the retail industry. Many well-known stores went out of business, including Payless and Forever 21. While remaining in business, many other stores trimmed back operations considerably. The end result was over 9,000 retail stores closing across the country, more than any other year on record.
