Texas Fuel Cell Company Amfuel Files for Chapter 11 Bankruptcy

Texas Fuel Cell Company Amfuel Files for Chapter 11 Bankruptcy

On November 26th, 2017, a manufacturer and fabricator of self-sealing and crash resistant aviation fuel cells based in Wichita Falls, Texas, filed for Chapter 11 bankruptcy with the U.S. bankruptcy Court in  the Northern District of Texas. The privately-held company, called Amfuel, also has a production facility in Magnolia, Texas and employs around 200 people.  … Read more

  Filed under: News


How to Keep Your Car in Chapter 7 Bankruptcy

How to Keep Your Car in Chapter 7 Bankruptcy

How to keep your car in Chapter 7 bankruptcy is an extremely common question. Many times, individuals rely on their automobile to get them to work and take care of basic necessities such as grocery shopping and doctor visits. Massive debt and wage garnishments can cause it to be difficult to stay current on your  … Read more

  Filed under: Chapter 7


Houston, Texas Best Place to Pay Off Debt

Houston, Texas Best Place to Pay Off Debt

Paying off debt doesn’t necessarily mean you have to earn more, in fact, a more effective strategy is to save more. Part of paying off debt is about being financially responsible, however, it never hurts if you live in a city or state that allows you to leave cheaply. In a recent report on the  … Read more

  Filed under: bankruptcy


Student Loan Debt Continues to Burden Americans

Student Loan Debt Continues to Burden Americans

With the national student debt level topping $1.4 trillion, it not only equates to the second highest amount of household debt next to mortgage payments in America, it’s actually an obstacle to new graduates wanting to buy their first home and start a family. The Student Loan Report for Q4 of 2017 depicts no abetment  … Read more

  Filed under: Debt


Consumer Financial Protection Bureau sues Freedom Debt Relief

Consumer Financial Protection Bureau sues Freedom Debt Relief

The U.S. Consumer Financial Project Bureau (CFPB) announced in early November, 2017 that it has filed a lawsuit against Freedom Debt Relief, which is the largest debt settlement services provider in America. In the lawsuit, the CFPB alleges that the Freedom Debt Relief Company, who claims they can resolve debts for less than you owe  … Read more

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Household Debt in US hits $13 Trillion

Household Debt in US hits $13 Trillion

Household Debt in the United States is on an upward trend for the 13th consecutive quarter according to the Federal Reserve. This is a new milestone in household debt, as it has exceeded its peak in the third quarter of 2008. As a result, delinquency rates in credit-card and auto debt have also risen. Overall,  … Read more

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How Seniors Can Avoid Medical Debt

How Seniors Can Avoid Medical Debt

The opening of health plan enrollment plan under the Affordable Care Act has many Americans over the age of 65 thinking of and planning for their medical expenses and procedures for 2018. For many seniors, the process of picking medical coverage is especially complex as Medicare doesn’t cover everything, which can in turn cause excessive  … Read more

  Filed under: medical debt


Z’Tejas Southwestern Restaurant Files Chapter 11 Bankruptcy in Arizona

Z’Tejas Southwestern Restaurant Files Chapter 11 Bankruptcy in Arizona

While the Cornbread Ventures LP partnership is based in Houston, Texas their chain of South-Western inspired restaurants called Z’Tejas filed for chapter 11 bankruptcy in Phoenix Arizona this week. The owners hoped to turn the failing chain of nine restaurants around to profitability when they acquired them two years ago. Z’Tejas will be closing four  … Read more

  Filed under: Chapter 11


Getting Insurance Money after Flooding Faster

Getting Insurance Money after Flooding Faster

People who have suffered losses to their home due to flooding may be able to get their insurance money a little faster. On Monday, the Federal Emergency Management Agency (FEMA), announced a temporary change to policy that would “rush recovery money” for those that held National Flood Insurance Policies. For those that opted for National  … Read more

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Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Seadrill, a deep-water drilling contractor that provides offshore drilling services to the oil and gas industry, announced that the company plans to file for Chapter 11 bankruptcy protection by mid-September of 2017, in order to implement a restructuring plan. In a statement by Seadrill’s CEO Anton Dibowitz, the company’s “primary objective at the moment is  … Read more

  Filed under: Filing bankruptcy