Buying a house after bankruptcy
There are many myths and misconceptions about bankruptcy. Indeed, there are far too many to clear up in just one blog post. But let’s take one such misconception: that by filing bankruptcy, you are compromising your ability to get a mortgage to buy a house in the future. In practice, this is simply not always […]
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 […]
When Educational Debt Becomes a Burden, Not a Stepping Stone
San Antonio Mayor Julian Castro gives the keynote address at the Democratic National Convention tonight. It is a high honor to be chosen for this assignment. Everyone from the San Antonio area – regardless of political affiliation – will be sharing the spotlight by extension. The major is still only 37. In his three years […]
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 […]
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 […]
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 […]
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 […]
Chapter 7 Bankruptcy Verses Chapter 13 Bankruptcy
Choosing to file through, and eventually traveling through the process of filing for bankruptcy can be a difficult and emotionally draining job. Although with the professional assistance of an experienced bankruptcy attorney one can make the process a bit easier on one’s stress level. The most common filings for bankruptcy are that of Chapter 7 […]