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...
Helping You Navigate Complex Legal Issues
Year: 2019
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...
Owning certain assets may make a Chapter 7 bankruptcy a bad idea
Perhaps a Texas resident has spent several years accumulating certain assets but then falls on hard financial times. With the debt continuing to mount, he or she decides to look into filing a Chapter 7 bankruptcy in an effort to correct the situation. However, if a...
Credit card debt continues to rise in the US
The economy has improved, and when that happens, people tend to loosen their purse strings and spend more money. Unfortunately, this often means incurring credit card debt. It may not surprise many Brownsville residents to know that this type of debt continues to rise...
What to do when being sued for outstanding medical debt
Few people here in Texas, or elsewhere for that matter, have the financial resources needed for extensive, and expensive, hospital care. A sudden serious illness or injury can wipe out a person's finances in no time. That medical debt can follow him or her for months...
Is social media influencing your spending habits?
Social media sites like Facebook, Instagram and Twitter rely on revenue from advertisements to allow users access for free. However, it’s not just paid advertisements that may be influencing your likelihood to spend on social media. Here are a few of the ways...
What does a Chapter 7 bankruptcy trustee do?
When Texas residents experience financial difficulties, they often feel as though they lost control of their lives. Choosing to file for Chapter 7 bankruptcy protection can help them regain some sense of control and receive a fresh financial start. However, they may...
Millennials are starting to accumulate credit card debt
Growing up during the great recession initially resulted in millennials, those ranging in age from 18 to 29, doing their finances differently from their parents. They saved their money and avoided credit card debt, at least until recently. The number...