Latest on the Bankruptcy Blog

We are in debt, the country is in debt. The job market is less than fruitful and the majority of us are treading water just to stay afloat financially. In times like these it is easy for us to become cynical and pessimistic about the fate of our economy. Many people suggest that when consumers  … Read more

Most Americans are holding significant amounts of debt. That doesn’t include things like electricity, phone bill, gasoline, or food.  The debt that most Americans are being burdened with are mortgages, credit cards, and vehicles. Mortgage payments and credit card debt can consume our paychecks. Unfortunately, most of us don’t get raises that allow hammer blows  … Read more

Lately, much attention has been given to the national debt and the debate over how to fix it. We owe more than we can afford to pay back, we lack the money needed to pay our national “everyday” expenses and our time is running out. Despite the indecision of the government to find a solution,  … Read more

So  many of us have loads of credit card debt. When the bills pile up, many of us are left feeling trapped and hopeless. But don’t worry, there is something you can do to take back control. Have you ever heard of a credit card negotiation? Ever wonder if this is a myth? Actually, many  … Read more

It is no secret that Texas doesn’t run with the pack on most issues. We Texans tend to follow our own lead and do things a bit differently than the rest. Bankruptcy is no exception. Texas has some very important variations of bankruptcy laws that we all should learn. Eligibility When filing for bankruptcy in  … Read more

The good news is that the rate of foreclosure is starting to slow across the country.  After the last nearly four years’ worth of economic turmoil that started with the bursting of the housing bubble, it would seem that any slow down in the amount of houses being seized by lenders would be an unmitigated  … Read more

During one of the lowest points in the recent housing market slump, the government designed a tax credit to spark incentive for home purchases. The program offered first time home buyers a tax credit of $8,000 in cash for qualified purchases; and later extended a $6,500 credit to existing homeowners that purchased new homes. The  … Read more

You are perpetually short on cash. Many people are. You, however, are tired of having that tightening knot in your stomach as each mortgage payment gets harder to make. It’s hard telling your son or daughter ‘no’ when they need things like books and clothes, and even harder that you always have to deny the  … Read more

Is your debt burden becoming unbearable? Are you unable to make your payments on time, or have missed one or more payments? You may be reviewing your options for finding a debt relief solution that works for you. Although there are several options available for debt relief, they each possess different risks and advantages and  … Read more

Need financial help? The truth is, many of us choose to live in the cozy but foggy realm of fiscal white lies. Instead of taking a precise account of what we spend and what we earn, we let discretionary spending go forth at its own discretion. Besides being unable to save, our bad discretionary spending  … Read more