Latest on the Bankruptcy Blog

According to the latest statistics, overwhelming medical debt is the number one contributor to bankruptcies across the nation. More than 60 percent of those who apply for bankruptcy cannot pay medical debt and costs that now compose over 15% of the United States GDP. Unexpected illness or injury costs the average privately insured family approximately  … Read more

The bankruptcy process can be intimidating, especially if you aren’t well informed about how it works. Before filing for bankruptcy it is important to educate yourself to the basics and what they could mean for you. Getting Informed First, the bankruptcy process isn’t for everyone. While many people assume that you have to be either  … Read more

Recent headlines show that Dallas is ranked 11th among the nation’s largest cities for 2012 foreclosures. According to the researchers at CoreLogic Inc., home foreclosure rates in Dallas and Texas in general continue to fall and are approximately one-third of the nationwide rate. Of the almost 767,446 foreclosures in 2012, only 56,763 came from Texas  … Read more

As national unemployment hovers around 7.9 percent, many Americans struggle managing debt without a steady source of income. While it may seem that debt management options are limited when unemployed, several strategies including loan modification can help ease outstanding balances. Many who have been jobless for 27 weeks or longer must reconsider their daily budgeting  … Read more

For many individuals, building credit after a Dallas bankruptcy is a daunting task. Almost all aspects of our lives ranging from jobs to insurance to even mortgage payments are based on our credit score. Those serious about rebuilding credit will make money management one of their top priorities. Over time, proper money management will re-establish  … Read more

Unfortunately, the economy has pushed many of our aging citizens into tough decisions over their finances. While many have turned to the “working retirement” to make ends meet, many others have faced reverse mortgage challenges and the need for bankruptcy to help resolve debt troubles.  For our elderly, financial hardship can pose unique challenges. Limited  … Read more

While bankruptcy relieves individuals of debts they cannot repay, it may not always be the best solution for situation. The first step in the bankruptcy process is determining whether or not filing for Chapter 7 or Chapter 13 bankruptcy is suited for your situation. For those who seek to be discharged from their debts, trusting  … Read more

Dealing with the IRS is stressful, especially when they’re hounding you over tax debt. If you’re one of the 20 million Americans who owe taxes to the IRS, remember that tax debt negotiation can prevent a federal tax lien from hurting your reputation and credit. Debt negotiation with the IRS such as an Installment Agreement  … Read more

The much anticipated Revel casino located in Atlantic City was thought to bring a rejuvenated sense to the boardwalk. However, several road blocks interfered with construction, challenging the future of profits from the very beginning. Off To A Rough Start Opened in April 2012, Revel was the first new-build casino since 2003. Designed as a  … Read more

In our last blog post, we covered three money management tips for individuals and families who are facing some form of financial crisis such as foreclosure or mortgage debt. If you’re struggling with mortgage debt, we’d like to share a few more money management tips to help you get back on track and avoid financial  … Read more