bankruptcy blog

If you are seeking help with your finances this year, or are preparing to file for bankruptcy chances are you will be completing a credit counseling course. Most people are unaware of credit counseling or the benefits they can offer, until required to complete a credit counseling course. Let’s take a deeper look into what  … Read more

This New Year is one for the record books in many ways.  For most people, financial goals are just as common as fitness goals this time of year. However, this year a record number of Americans are facing higher than ever before credit card balances and unpaid medical bills. Fortunately, there are some solutions to  … Read more

As the New Year approaches there is not a better time to think about your credit.  While you develop goals and resolutions for 2021, be sure you focus the same amount of time and effort into the health of your finances. The best way to do this is to really get to know your credit.  … Read more

The restaurant industry has been hit hard this year; with a majority of small, family owned businesses forced into financial hardship. In the earlier part of the year, all restaurants were required to modify operations, limit patrons, or forced to close down altogether for a specified period of time. The result of which has too  … Read more

AMC, the world’s largest cinema chain, has taken a massive blow to revenue this year among the economic turmoil brought about by the pandemic.  Prior to pandemic, AMC was already struggling to alleviate the pressure an existing $5 billion in debt crushing its bottom line.  Nearly nine month later, the company is seeking relief through  … Read more

This year, millions of Americans have faced job loss and unemployment. As so many people are struggling with a personal financial crisis, the ripple effect of a turbulent year will surely spread farther. Take, for example, those that have received financial assistance by way of unemployment compensation. For some, the upcoming tax filing season may  … Read more

Reese Baker is the founder of Baker & Associates law firm, primarily located in the metro-Houston area. Mr. Baker has been assisting Texans get out of debt, gain financial freedom, and plan for a solid financial future for nearly forty years.   Mr. Baker was awarded Texas Super Lawyer in 2007, and again from 2014  … Read more

One of the reasons people fail to consider bankruptcy as a viable option in their search for debt relief is that they simply do not understands the facts versus myths about bankruptcy. Perhaps the largest deterrent of people seeking help through bankruptcy is the notion that bankruptcy will ruin their credit. This is false information  … Read more

Have you considered Chapter 7 bankruptcy before, but were not eligible due to your income levels? Are you considering bankruptcy, but worried you will make too much to qualify? As of November 1, 2020, the eligibility rules have changed that could benefit people now more than ever. The Means Test The means test is the  … Read more

Did you know that Americans currently owe nearly $14-trillion in debt? While we can agree that not all debt is bad debt, such as mortgages – which is one marker of the sign of the health of the economy—we can all agree that too much personal debts from credit cards and the like is a  … Read more