bankruptcy blog

There is no doubt that Gen X and Millennials now face more debt than prior generations. The student loan debt problem is a real burden among young adults today. The effects are far reaching. Poisoning their take home pay and ability qualify for a home. While we can all agree that college should be more affordable, managing  … Read more

Medical bills are one of the leading causes of Houston bankruptcy filings. Medical debt plagues the chronically ill and elderly more than the average family. There are two sides to the medical debt problem. Learning the strategies for managing medical debt properly can make all the difference in avoiding financial disaster. Managing Medical Debt People often  … Read more

40% of all households carry some sort of credit card debt. The average American household debt is around $5,700. The average for households that continuously carry a balance on their accounts is $16,048. Nearly half of debtors miss a payment or are late at some point in their financial lives. Managing credit card debt is  … Read more

Part of the American Dream is owning a home, but sometimes hard times fall on good people. No one deserves to lose their home or suffer financial hardship. Luckily, there are some ways to be better at Managing Mortgage Debt. You don’t have to risk losing your home to foreclosure if you follow these steps.  … Read more

As 2016 comes to a close you  have a few days to make the most of your financial profile for the New Year. In order to boost your financial planning for 2017, consider these year-end financial strategies steps to wrap up with the most benefit. Year-End Financial Strategies Donating To Charity Donating money or items  … Read more

Last week, mortgage rates rose by 8 basis points to 4.05% for a 30-year, fixed interest mortgage loan. This is up from 3.51% a month ago. While this rise in rate sounds scary, the actual dollar difference comes down to an extra $4.61 per $100,000 financed. Although there are some fears regarding rising mortgage rates and refinancing, the  … Read more

The New Year is days away and what better time to write down your New Years resolutions? Have you made any New Year Financial Resolutions? As you think about what you want for your family and life this coming year, make sure money management is a priority. Whether you are struggling with your finances and  … Read more

The Chapter 13 bankruptcy process is designed to help people resolve their debts, but don’t qualify for a Chapter 7 bankruptcy. By outlining a payment plan spread over 3 to 5 years, people can repay the portion set forth by the court over a series of payments. However, sometimes things don’t work out as planned,  … Read more

In a Chapter 13 bankruptcy, there are many legal terms that can be difficult to understand if you aren’t familiar with the process. One of the most common terms associated with a Chapter 13 bankruptcy case is “feasibility.” This term relates to the “feasibility requirement,” meaning demonstrating the ability to follow the Chapter 13 payment  … Read more

People drowning in debt are often plagued by a feeling of desperation. Desperate to avoid calls from credit collectors. Desperate to avoid the pitfalls of missed payments. Desperate to get out of debt. And desperate to stop feeling guilty. The bankruptcy process is complicated, which is why working with a Houston bankruptcy lawyer is crucial to  … Read more