Here are some interesting 2010 bankruptcy statistics: 1) In 2010, American families owed a total of $866 billion in consumer debt, 2) In 2010, $1.3 trillion of U.S. consumer debt was delinquent, with $986 billion being seriously delinquent – 90 days late or more, 3) Personal bankruptcies have increased 100% over the last five years, […]
Is The Economy Recovering?
According to the American Bankruptcy Institute, consumer bankruptcy filings were down 13% in November from October. Credit card use by consumers is also at an all-time low compared to recent years, but spending is up, which signifies that consumers are finally able to start saving money. I’d like to hear everyone’s opinions on whether you think the […]
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING When I went to college, students didn’t just get degree. They also accumulated huge amounts of credit card debt. Anyone who has attended college during the last ten years can tell you that credit card applications were offered to them everywhere on campus. Credit […]
Texas Bankruptcy Attorney:STRATEGIES FOR COPING WITH CREDIT CARD DEBT
Dallas Bankruptcy Attorney: STRATEGIES FOR COPING WITH CREDIT CARD DEBT Recently I read an excellent article by Laura Coffey on MSN.com discussing strategies for reducing credit card debt. As a bankruptcy attorney, I meet with clients everyday that are struggling with repaying high interest credit cards, and repaying these types of loans can be an uphill […]
DALLAS BANKRUPTCY: NON-DISCHARGEABLE DEBTS
Dallas Bankruptcy: Bankruptcy is a great way to get rid of debt. But there are some debts that cannot be discharged in bankruptcy. The non-dischargeable debts bankruptcy attorneys generally talk about are taxes, student loans, and domestic support obligations. These are the most common types of non-dischargable debts, and at least one of the three is […]