Bankruptcy alternatives for hard-pressed consumers
As we have previously noted for our readers throughout Texas, consumer bankruptcy can owe to one or many interrelated factors, with every case being unique. In recent years, those factors have been on firm display across the country, with tough economic times highlighting the stiff challenges that many individuals and families nationally are facing across […]
U.S. Supreme Court weighs in on bankruptcy exemption question
If you’re a Texas resident who is besieged by high debt levels brought on by factors beyond your control, you are undoubtedly pursuing debt relief. In doing so, you have perhaps considered filing for bankruptcy, wondering while thinking about the process whether certain of your assets will be shielded from creditors. The short answer to […]
Prescription drug costs drive heavy medical debt, even for insured
In a 2013 survey conducted by the Commonwealth Fund, respondents were asked if the cost of medication had caused them to go without it in the last year. Of the adults who answered, 27 percent responded “yes.” An analyst with the Commonwealth Fund said that percentage represents an estimated 50 million individuals. More than 20 […]
Can a bill collector take my Social Security checks?
As we have often seen in San Antonio, people of all ages run into financial difficulties at times in their lives. Unfortunately, for some people, their senior years can be marred by not only financial problems but also setbacks in their health. As you undoubtedly know, medical bills are one of the leading causes of […]
How Texas residents can avoid excessive medical debt
Mountains of medical bills have driven many Texas residents to financial desperation. In fact, recent media reports indicate that this is a countrywide problem. It has also been reported that it is not only uninsured individuals who find themselves in this position, even some people who have medical insurance are finding it difficult to manage […]
Warm temps could help Texas residents facing personal bankruptcy
The harsh winter has done more than envelope the country in cold temperatures and blustery days. It has kept many residents of Texas and elsewhere home from work as well, according to a recent study. Warmer weather may signal an end to that trend, which could be a relief for those whose tight budgets have […]
Study: despite ACA, medical debt soon to be No. 1 bankruptcy cause
If you’ve been following this blog for a while, you’re well aware that having good health insurance doesn’t necessarily mean that an injury, a chronic health condition or a sudden illness won’t cause you financial problems. Overwhelming medical debt has long been a common trigger for bankruptcy, and a recent study using 2013 data predicts […]
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 […]
Texas man says creditors tried to collect debts post bankruptcy
When Texas residents file for bankruptcy protection their creditors are generally no longer allowed to contact them. As soon as an individual files for bankruptcy, an automatic stay is in place that puts a halt to collection activity – this includes contact by mail and phone and wage garnishment. And, of course, once the bankruptcy […]
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, […]