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 […]
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 […]
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 […]
Many Texas Seniors Sag Under Weight of Debt
“Getting old isn’t for sissies,” goes an oft-quoted saying often attributed to the actress Bettie Davis. If she were around today, Davis might be inclined to add a variation on that theme. Getting old isn’t for sissies, and neither is being in debt – especially for seniors whose so-called golden years have turned sour. This […]
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 […]
Rebuilding Credit After a Texas Bankruptcy Filing
There are many misconceptions about bankruptcy law. Eight years after the law was revised, many people are still under the impression that the requirements may be too difficult for them to meet. When you talk with a consumer bankruptcy attorney, however, you will better understand the big picture. It’s true that the law, as amended […]
Bankruptcy and Taxes: Rebates Can Help Finance a Filing
Bankruptcy and taxes can go together in a couple of different ways. For people in search of debt relief, bankruptcy can potentially allow the discharge of income tax debt. This could include stopping an IRS tax levy. There’s another way as well. New research shows that many Americans who are short of cash are using […]
Reasons for Personal Bankruptcy Reflect Tough Economy
The tough economy means there are many reasons to consider filing for consumer bankruptcy. Debt takes many forms and the effect of all of those debts is cumulative. For example, if you are suddenly hit with major medical bills, it can become difficult to make your mortgage payments. The same is true of job loss. […]