Latest on the Bankruptcy Blog

In big news, the Federal Trade Commission announced a sweeping round of student loan debt relief scam settlements this week as it continues its crusade to crack down on predatory lending activities. The FTC claimed that several student loan debt organizations misrepresented themselves in order to obtain upfront fees while falsely claiming to enroll them  … Read more

With the soaring cost of production compared to stagnant commodity prices, agricultural experts expect the number of Texas bankruptcy cases filed by farmers to rise in the coming years. Because farmers make up the backbone of America’s food dependency and security, the US Bankruptcy code outlines a special chapter of bankruptcy sole for insolvent farmers,  … Read more

Student debt among Americans has skyrocketed over the past decade. Growing by 130% since 2008, student debt has become the #2 largest debt in the US, second only to mortgage debt. In a recent report, Millennials coming out of college are being affected by student loan debt, by having to put off starting a family,  … Read more

With employment numbers looking positive across a number of sectors in addition to lower taxes, numerous Americans have found themselves with extra money. For those who are carrying credit card debt, you may be wondering whether you should place it in saving or pay down that credit card balance. While every person’s financial situation is  … Read more

The Container Store, a Northwest Dallas, TX-based specialty Retail Company has averted a Texas bankruptcy this month in what financial experts are calling a rare comeback. The company was able to cut borrowing costs and extend a term loan helping to bolster its market price and avoid having to consider a Texas bankruptcy filing. Investors  … Read more

As a requirement to filing bankruptcy, you must take a credit counseling course approved by the US Bankruptcy Courts. You must take this course within 180 days of filing for either Chapter 7 or Chapter 13 bankruptcy in Texas. While this course is relatively quick and painless, the provider of the credit counseling course must  … Read more