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Do you have more debt than savings?

If you are a San Antonio resident who has more credit card debt than savings, you are not the only one. According to a recent survey, about 30 percent of Americans currently carry more credit card debt around than what they have stashed away for a rainy day. The survey has been performed by Bankrate.com […]

The state of the economy: coping tactics and debt relief

Though the stock market ended the year on a resurgent note, it is becoming clearer all the time that Wall Street is not Main Street. Nearly four years after the official end of the Great Recession, numerous indicators point to the difficulties that many people continue to have in the current economy. In this post, […]

Legal woes played role in Vince Young’s bankruptcy

Many San Antonio residents may have heard that the former University of Texas and NFL quarterback Vince Young has joined the ranks of professional athletes who have sought bankruptcy protection. It has been reported that the former football star earned $34 million in his six seasons in the NFL, but legal troubles and other issues […]

Personal bankruptcy the best option for some Texas individuals

Texas residents may be living paycheck to paycheck in order to make ends meet. However, in spite of what some people may think, even individuals that earn a large salary may still struggle with managing their finances. Due to this inability to manage money, personal bankruptcy is a possibility for more people than just those […]

Credit-card debt: overall national amount is going up

It’s been several weeks since we last wrote about credit card debt. In our September 20 post, we noted trends in the data regarding timely payments by consumers on three different types of obligations. Besides credit-card debt, the other types were car loans and mortgage payments. In today’s post, let’s look at recent indications that […]

Rebuilding credit after bankruptcy: yes, it’s doable

Facing up to financial life in modern-day America often involves tradeoffs between short-term and long-term goals. For example, someone who is in urgent need of debt relief may try to just tough it out a little longer, rather than biting the bullet and filing for bankruptcy. Sometimes people do this, in part, because they’ve heard […]

Bankruptcy filings and the economy: connection not always simple

The relationship between the overall economy and bankruptcy filings is not as simple and straightforward as it might seem. To be sure, the Great Recession and its uncertain aftermath have resulted in lost jobs and depleted asset portfolios that have led many people to file for personal bankruptcy. But it may be that sometimes the […]

Bankruptcy and the government shutdown: possible effects

What effect will the partial federal government shutdown have on bankruptcy proceedings? As with so many other aspects of the shutdown, there is a short answer and a long answer.  The short answer is easily enough stated. Federal bankruptcy courts remain open.  In this post, however, we will discuss some of the ways that the […]

Credit scores and dating dynamics: couples and shared finances

Years ago, the rock singer Alice Cooper recorded a song called “You and Me” that contained the line “we share a bed, some popcorn and TV.” It isn’t clear from the song whether the couple is married.  But Cooper could easily have included the word “finances” along with the popcorn. After all, couples, even those […]

Football coach gets clear of many debts through bankruptcy

The NFL football season kicked off last night and the second weekend of college ball is coming right up. In Texas especially, football is a game that has rightly been called America’s passion. From the famous Friday Night Lights to college and pro stadiums, the passion is palpable. It’s easy to forget, however, amid all […]

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