The CEO of JP Morgan has recently stated that municipality bankruptcies (cities filing bankrutpcy) are on a rise. This is yet another effect of the recession – with income on the decline and foreclosures on the rise, cities are losing precious tax revenue and having to cut necessary services. Analysts are looking to these cities […]
Credit Repair Companies – Are They A Scam??
Every time the economy cycles down, businesses taking advantage of the downturn arise. The recent recession (or what some economists have actually labeled, “Depression”) and resulting credit crunch have resulted in credit issues for many consumers, and a related dip in their credit scores. Here come Credit Repair companies to the rescue, right? They can […]
Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS?
Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS? The short answer to this question is “No.” Your wages cannot be garnished in Texas. But as anyone who practices law or has had experience with the legal system can tell you, there are generally exceptions to the rule. Under Texas law, wage garnishment is […]
Dallas Bankruptcy Attorney: FORECLOSURES ON THE DECLINE IN TEXAS
Dallas Bankruptcy Attorney: FORECLOSURES ON THE DECLINE IN TEXAS. In the month of July, a total of 10,571 foreclosure postings were filed in the state of Texas. This figure represents a 10 percent decline compared to the number of filings recorded in July 2010. Nationwide the decline in the number of postings is even greater, […]
Dallas Bankruptcy: HOW LONG WILL IT STAY ON MY CREDIT REPORT?
Dallas Bankruptcy: How long will it stay on my credit report? It depends on what Chapter you file under. Chapter 13 bankruptcy cases will stay on a credit report for seven years from the date the case is filed. Most Chapter 13 bankruptcy cases last five years, so after the case is completed the bankruptcy […]