Bankruptcy is designed to be a fresh start for either people or businesses. If a judge approves it, a filing can begin the process for financial recovery that may take years or be complete in a matter of months. Of course, bankruptcy can go sideways just like any...
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. What is Chapter 7 bankruptcy?Chapter 7 bankruptcy is similar in most states in...
While Texas continues to show considerable economic strength, there is some suggestion that financial trouble may be affecting more Texas households now than this time last year. Statistics analyzed by the American Bankruptcy Institute showed that year-to-date, just...
Running a business can be both an exciting and stressful endeavor. While there can be some good times where a business is profitable, when the debts accumulated far exceed the value of the company, financial and operational problems can arise. In order to get through...
Financial difficulties can strike people of any age and socio-economic class. Although many individuals later in life find themselves with money troubles after suffering the loss of a job or the onset of an unexpected illness, even young adults can find themselves...
Credit card debt haunts many Texans. Oftentimes individuals have to turn these lines of credit in order to make ends meet simply because their wages aren't enough to support them. In other situations, credit cards must be utilized to pay off unexpected medical debt....
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...
As we've mentioned previously on this blog, bankruptcy is not automatic. That is to say that the mere act of filing a bankruptcy petition is not enough to secure the fresh financial start that many petitioners seek. In fact, there may be some situations where a...
Although there has been a lot of talk lately about the improving economy, many Americans are still struggling with debt. In fact, The American Bankruptcy Institute found that bankruptcy filings increased by 5% in July compared to June. That amounts to more than 64,000...
A few weeks ago on the blog we discussed how consumer debt is continuing to grow. One of the major driving forces behind this debt is auto loans. The average cost of a new car today hovers around $37,000, which is more or just slightly less than many Texans make per...
