$300 Million Call Center Scam Shut Down

$300 Million Call Center Scam Shut Down

On Thursday, October 27th, 2016 three Houston Texas area individuals federally indicted on fraud charges in a large and elaborate phone scheme that involved at least 58 other people and cheated some 15,000 United States residents out of $300 million. The call center operations for this scheme was based in India with fraudsters spread out  … Read more

  Filed under: News


The Biggest Source of Debt for People in Texas

The Biggest Source of Debt for People in Texas

Student loans, credit card debt, medical bills, home mortgages, and auto loans: paying off debt is certainly a major cause of financial stress in many people’s lives. Out of all the debt that all Americans currently carry combined, it’s not a stretch to learn that the number one highest amount of debt is from mortgage  … Read more

  Filed under: Debt


Do Taxpayers Pay for Bankruptcies?

Do Taxpayers Pay for Bankruptcies?

While Chapter 7 and Chapter 13 bankruptcies are most certainly not the taxpayer’s responsibilities, what about the large, international companies that go bankruptcy under Chapter 11 bankruptcy law? Do taxpayers pay for bankruptcies in this category? This is a legitimate question in the wake of the massive bankruptcies that have taken place over the past  … Read more

  Filed under: Chapter 11


Houston Texas Bankruptcy Tips

Houston Texas Bankruptcy Tips

While bankruptcy doesn’t initially seem like the topic that would involve “tips, just like any other section of the law, there are certain pitfalls that could have unintended consequences. Today we’ll look at how you can avoid these by following a few pointers when deciding to declare bankruptcy. Let’s review these Houston Texas Bankruptcy Tips:  … Read more

  Filed under: Filing bankruptcy


Why Companies Go Bankrupt

Why Companies Go Bankrupt

Chapter 11 bankruptcies are a form of bankruptcy specifically reserved for high net worth individuals and companies. In a Chapter 11, the corporation or partnership is allowed to present a plan of reorganization that allows the company to stay up and running while modifying the payment to creditors. Just about daily, a company somewhere in  … Read more

  Filed under: Chapter 11


How Many Times has Trump Filed Bankruptcy?

How Many Times has Trump Filed Bankruptcy?

Donald Trump running for the most coveted position in world politics; it’s not much of a surprise that his entire business life has come to the public spot light. In digging up his past business dealings, past bankruptcies have emerged leading us to the question: how many times has Donald Trump filed bankruptcy exactly? The  … Read more

  Filed under: News


Ways to Improve Credit after Bankruptcy

Ways to Improve Credit after Bankruptcy

Many individuals believe that bankruptcy will ruin your credit. While your credit will take a hit once you file for bankruptcy, one must examine their financial situation and determine what is worse: taking a moderate decline in credit in order to reset their debts or to continue to suffer credit blemishes as a result of  … Read more

  Filed under: Credit


What is a bankruptcy discharge?

What is a bankruptcy discharge?

By filing bankruptcy, a discharge of debts is the overall goal in most cases. A discharge of debts in bankruptcy varies within the different chapters of 7, 11, and 13, but the end result is the release of personal liability for certain types of debts. A bankruptcy discharge is a permanent order eliminating the debt  … Read more

  Filed under: Filing bankruptcy