Rising Housing Costs Leave Many Texans in Need of Debt Relief
It isn’t only loss of a job or unexpected medical debts that can cause you to get behind on your mortgage payments. The need for debt relief can also be the result of the cumulative effect of wages that just don’t keep with the high cost of housing and other expenses. Home foreclosure in San […]
Families of Elite Olympians Often Have Ordinary Financial Problems
To the television viewer, Olympic athletes seem to be on top of the world. They are young, strong and highly skilled in their sports, with bright futures beckoning. But most athletes come from ordinary families with ordinary financial struggles. For example, the mother of a gold medal-winning gymnast filed for bankruptcy to help keep her […]
Student Loan Debt: Can Bankruptcy Resolve It?
You have heard that student loan debt is not dischargeable in bankruptcy. It’s true that is the general rule. But in certain cases, when there is undue hardship, it is sometimes possible to discharge student debt through bankruptcy. In fact, such a discharge just happened in a case in Buffalo, New York, involving a 64-year-old […]
Secured vs. Unsecured Debt: What You Should Know
Whether you considering bankruptcy or not, it’s important to know the difference between different types of debt. The kind of debt you have can affect your credit score, how much money you can borrow, and the interest rates of those loans. This post will describe the difference between secured and unsecured debt? Here is what […]
Small Business Bankruptcy: Structure Affects Choices
In order to get the fresh start that bankruptcy can offer, you’ve got to consider which type would be best for you. Chapter 7 bankruptcy is often known as “liquidation” or straight bankruptcy because it requires clearing out all nonexempt property to satisfy debts owed to creditors. If they meet certain requirements, Texas consumers can […]
Even Many People With Health Insurance Struggle to Medical Bills
Medical bills are of course a problem for many people without insurance. But, to a surprising degree, even many people with insurance can encounter problems with paying for medical procedures, prescription drugs or hospital visits. As a result, medical debt remains one of the most common causes of consumer bankruptcy. Why doesn’t having health insurance […]
Creating and Keeping an Emergency Fund Can Be Tough
Create an emergency fund. Financial counselors are very clear on this point. They want us all to have at least several hundred dollars socked away to deal with unexpected needs. In fact, many counselors believe the fund should have more than a few hundred dollars. Some say it should be big enough to cover your […]
Buying A Home After Filing For Bankruptcy
It’s true, that many individuals believe that once they file for bankruptcy they will never be able to qualify for a home loan again. Individuals also believe that should there be a chance that they could qualify, it would take ten to fifteen years before they could even try. We are about to blow your […]
Filing For Bankruptcy And Your Financial Future
After choosing to file for bankruptcy there is much to be completed via the court system. Although, with a professional bankruptcy attorney this process can be quite simple, and will ease your stress one day at a time. So the next step after choosing to file for bankruptcy, and finding an experienced bankruptcy attorney, is […]
Celebrities Who’ve Filed for Bankruptcy
Celebrities seem to have it all; fame, fortune and extravagant lifestyles. Some celebrities, however, find themselves in financial troubles that they didn’t even see coming. With wealth comes responsibility, some celebrities spend more than they make while others have tragically entrusted their finances to an unreliable or untrustworthy individual. Either way, celebrities are no different […]