Latest on the Bankruptcy Blog

Those who are feeling overwhelmed with debt consider a variety of options for re-gaining control of their finances.  For those who have accumulated an extreme amount of debt, bankruptcy sometimes seems like the best solution.  Before deciding to file for bankruptcy, however, there are many things one should know.  Some of them are specific to  … Read more

Not everyone is facing tough times.  For some, situations have remained relatively positive.  Those in a position to do so may consider refinancing in order to lower their payments and/or interest rates.  For those hopeful for a lower payment or who have been thinking of doing some home improvements, this can be a great way  … Read more

Hopefully you have been a responsible borrower and spender for the majority of your life.  But, if you haven’t all hope is not lost.  Re-evaluating your financial practices now, well before you are ever in a position to consider a bankruptcy attorney, is the best thing you can do for yourself.  Recognizing that you might  … Read more

Foreclosure has become a mainstay in our vocabulary for the past five to six years.  Nearly everyone hears about it every day or has been personally affected by it.  It’s unfortunate to say, but it is something that we have just had to learn to deal with day in and day out.  Recent trends posted  … Read more

Whether it’s through oversight or mathematical error, sometimes we learn that we owe money to the IRS that we didn’t realize we owed.  Upon discovering that a tax payer owes unpaid taxes, the IRS will send notification that includes details about the error, the amount owed, a due date for payment, and details about how  … Read more

Unfortunately, medical debt is a very tough but very real subject for thousands of Americans.  Many court cases relating to Texas bankruptcy have been tied to the medical field.  When you or a loved one is already suffering physically, taking care of medical debt feels like adding insult to injury.  Avoiding medical debt when at  … Read more

With the recent problems in the housing market, many homeowners have found themselves with underwater mortgages, a term relatively foreign to most until recently.  An underwater mortgage is simply a situation in which a homeowner owes more than the market value of the property.  Underwater mortgages can cause financial strain and devalue the most valuable  … Read more

Sometimes, business ventures go awry.  This could be for many reasons.  Sometimes, a market dries up or becomes overly saturated.  Sometimes, a new venture never really takes off.  Other times, something unforeseeable causes things to spin out of control to the point that there is just no fixing them.  Whatever the reason, some business owners  … Read more

Cosigning alone can seem like a fairly reasonable proposition on the surface.  There are a number of situations you might face where family members or friends take on loans, need cosigners, and come to you for a signature.  Don’t do it! When you cosign a loan, you become responsible for the debt.  If you need  … Read more

Turning to credit cards is a common mistake that many consumers make when faced with a cash shortage.  In particular, those who have faced unemployment situations in the past few years and found their savings accounts depleted prior to finding a new job have relied on credit cards.  While some credit debt can be good,  … Read more