Blog Category: News

There is no one single cause to the current struggles of inflation; rather, many factors contribute to the current situation. Many Americans may experience the day to day consequences of inflation, but few understand  what it is and how it comes to be. What is inflation? When the cost of goods and services rises over  … Read more

Household income is one of the key factors used to evaluate whether you qualify for chapter 7 or 13. The means test allows debtors to earn up to a particular amount of income, which is based on the previous six months’ earnings, depending on household size. The income thresholds for filing a chapter 7 bankruptcy  … Read more

There has been a lot of attention and buzz about the worldwide supply constraints, which have made finding a reasonably priced automobile extremely difficult. Kelley Blue Book stated in January 2022 that the average price of a used automobile in 2021 was over $28,000, up 28 percent from a year ago and up 42 percent  … Read more

The financial consequences of the pandemic have been slowing in recent weeks,  but ramping up when it comes to evictions. For nearly two years, families have struggled with record levels of illness, job loss, and financial hardship.  The federal government has worked to minimize the damage by providing financial assistance and, more importantly, protections from  … Read more

According to a recent publication, the Monthly Treasury Statement, the federal government collected enough revenue to set a record for the first fiscal quarter of any year. The first fiscal month of 2022 was last month in October. In that month, the federal government collected $283,927,000,000. The federal government also set a second highest record for  … Read more

A moratorium is a time period of no evictions. Landlords are not allowed to evict tenants during this time. It is a temporary period of time, during which the government will do something to help reduce homelessness. What is the purpose of an eviction moratorium? The purpose of an eviction moratorium is to allow homeless  … Read more

Many people have experienced debt collection calls in the past. From repeated, early calls to mean-spirited debt collectors; being on the receiving end of a debt collection call can be stressful. It is not uncommon for people to file lawsuits or seek guidance from a Houston bankruptcy lawyer for help managing these situations. Fortunately, there  … Read more

After a long year and frigid winter, taking a vacation is on the top of everyone’s wish list. However, they can be very expensive. Without proper planning, a vacation can upset the careful balance of your household’s budget and set you back during what is a delicate time for many. Here are just a few  … Read more

After nearly one year amid a health crisis, long term unemployment is nearing record levels. One thought of as a historical marker none desire to see repeated again, times are beginning to mirror the record levels of The Great Recession. As more individuals, families, businesses, and institutions cling to operations today, many of these entities  … Read more

Nearly all retail industries took a huge hit to profitability, and sustainability, last year amid the pandemic challenges. Many have been preparing for Chapter 11 bankruptcy to restructure their debts and remain in business. In fact, the nation-wide video game retailer, GameStop, moved towards debt resolution in February of last year after closing some 800  … Read more