For whatever reason -- a job loss, an illness or some other calamity -- Brownsville homeowners could find themselves struggling financially. It may become a challenge to meet the demands of a mortgage lender during this time. A homeowner may believe that it is...
Helping You Navigate Complex Legal Issues
Month: July 2019
Medical debt is a leading cause of bankruptcy
Recovering from the great recession did not include saving up for major health care expenses. Most people here in Texas and across the country felt fortunate they managed to get through it with their homes, their jobs and perhaps, some savings. Even so, an unexpected...
Top five causes of bankruptcy
Personal debt is growing nationwide. It seems that Americans are spending more money than they make, leaving them with thousands of dollars in debt. Surprisingly, overspending is not the leading cause of debt. Medical bills. Nearly 62% of all personal bankruptcies...
Will Chapter 7 bankruptcy resolve your financial issues?
These days, it would be difficult to find someone here in Texas who does not have some form of debt. The difference is that not everyone has the capability to repay debts, especially after some sort of financial setback such as a job loss or a divorce. Whether you...
Will a Chapter 7 bankruptcy deplete bank and retirement accounts?
The inability to meet financial obligations is something that many Texas residents experience at one time or another. Some people are able to recover from these circumstances, but others cannot. In those cases, they may consider filing for Chapter 7 bankruptcy, but...
Avoiding credit card debt won’t make it go away
It might surprise some Texas residents to know that not everyone pays attention to their financial obligations. One recent study conducted by U.S. News and World Report involving 1,000 adults found that approximately 21% of the participants did not even know if they...