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, […]
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 […]
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 […]
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 […]
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 […]
