Many people know that filing bankruptcy will negatively affect their credit score. However, many people fail to recognize that creditors use other criteria for determining their credit score. We have clients who have received credit offers within a short time after they have completed their bankruptcy. It is possible to have a higher credit score […]
Interesting 2010 Bankruptcy Statistics
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, […]
INTRODUCTION TO YOUR DALLAS BANKRUPTCY LAWYER
I am a Dallas bankruptcy lawyer. I specialize in representing debtors in consumer bankruptcy cases. I like to think that my job is to help people with their financial problems, and in general I think my clients will tell you that their lives improve dramatically when our attorney-client relationship comes to an end. In many […]
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 Bankruptcy Attorney: CAN CREDITORS COLLECT CHARGED OFF DEBTS?
Lewisville Bankruptcy Attorney: There is a common misconception amongst debtors that once a debt has been charged off by a creditor the creditor can no longer attempt to collect the debt. Charged off debts are still collectible, and may be so for years after the debt was charged off. The IRS allows creditors to charge […]