Blog Category: News

Debt is essential for your credit profile. Just like everything else, moderation is best. For many people, debt has become less of a financial tool and more of a need for survival. These days many people can’t make ends meet without it. A new report found that household debt rates rising significantly towards the peak  … Read more

Being in debt is stressful enough without the worry of being scammed. The debt collection industry is so big that it is impossible for tell the true from the fake sometimes. More people fall victim to scam artists each year. It is important to know the debt tricks scammers use for taking money. You don’t  … Read more

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

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

A recent news story in the Washington Post has brought to light the use of government credit cards to make purchases at Starbucks. Sometimes federal employees are issued purchase cards by the government, with which they can make “micro-purchases” totaling up to $3,000. These small purchases do not have to be disclosed to the public.  … Read more

For years the Texas bankruptcy court has ruled on the case and appeals of decisions related to the Anna Nicole Smith case.  Last week, the local and U.S. Supreme Court came together for, what is hoped to be, the last appeal of the case regarding Smith’s late husband J. Howard Marshall. High Profile Case Anna  … Read more

Quiznos is making a triumphant comeback after filing Chapter 11 bankruptcy in March, 2014. Through filing bankruptcy and radically restructuring their finances, the company was able to pull themselves out of $400 million of debt. Restructuring Their Finances Since March, the sub-sandwich company has been under Chapter 11 bankruptcy protection. On May 12, however, a  … Read more

Debt relief scams are, unfortunately, becoming more of a problem. With a debt relief company on nearly every corner, consumers simply don’t know the how to spot the differences between a legitimate company and one that is likely to tie them up in a scam. Charges were filed last week against a California company accused  … Read more

Energy Future Holdings Corp. is the leading electricity operations companies in Texas. After conglomerate found itself in financial turmoil, they decided to file for Chapter 11 reorganization bankruptcy in Texas. Their filing brings with it much discussion as to how the three sub managed companies will play out in the end. Sparking Interest Energy Future  … Read more

As if millions of vehicles recalled in recent weeks wasn’t enough for GM to handle the company is also several lawsuits from car-owners. Alleging that GM knew information about the faulty ignition switches and withheld that information in their 2009 Chapter 11 bankruptcy case , which could grant them immunity from lawsuits since the discharge.  … Read more