Many debtors considering bankruptcy are often hesitant because they're not sure if they have crossed the line between just struggling financially and being completely bankruptcy. Rules of thumb to follow when considering bankruptcy: If you're three months or more behind on your mortgage payment and are unable to secure an affordable mortgage modification or other [...]
Bankruptcy is important source of relief as job recovery still lags I still remember the recession when Jimmy Carter was president. I would go to the houses of family friends and literally hear parents cursing Carter for their economic stress. Families got through that recession doing the same things that many people are doing right [...]
According to an article in Dallas Morning News, as the foreclosure crisis presses on, home prices have continued to decline. Nationwide, the foreclosure crisis has caused home prices to fall 13.3 percent below where they were last year. Fortunately, Dallas-Fort Worth has faired better than the rest of the country. The article said: "Dallas-Fort Worth [...]
According to an article in the Bloomberg, the foreclosure crisis is likely to worsen as more than 7 million properties facing imminent foreclosure hit the housing market in the next year or two. The article said:"The "huge shadow inventory," reflecting mortgages already being foreclosed upon or now delinquent and likely to be, compares with 1.27 [...]
According to an article in the Star-Telegram, the nation's wealth real median income fell by 3.6 percent from $52,163 in 2007 to $50,303 in 2008, the worst decline since the Census Bureau began collecting the data during World War II. The article said: "The national poverty rate also hit its highest level since 1997, jumping [...]
The Texas Tomorrow Fund (now known as the Texas Guaranteed Tuition Plan) which allowed parents to prepay for tuition at locked-in rates is facing bankruptcy. The now-closed fund, also promised that if a child dies or received a full scholarship, parents could cancel the contact and receive a payout based on current tuition and fees [...]
Retailer's August report reveals their 12th month of sales declines as many company's hopes for a recovery are dashed. According to an article in the Star-Telegram, retail stores saw an average sales decline of 3.4 percent for the month of August. Stores suffering from declining sales include: Target Corp. - minus 2.9 percent Limited Brands [...]
According to an article on Reuters, the recent recovery in the credit markets might be in trouble. The Federal Reserve is getting some of the credit for the rebound by helping the credit markets recover. One program that the Fed used to get credit flowing again is the Term Asset-Backed Securities Loan Facility, or TALF. [...]
Forest Hill set to offer free prescription discount cards. As the forces on Capitol Hill continue to hash out details regarding a national plan of attack for rising health care expenses, local governments are looking to find ways of their own to help their residents cope with the current healthcare and economic crisis. CBS 11 reported [...]
The Dallas Morning News reported today a heartbreaking decision by the Collin County Meals on Wheels to cut back on services for senior citizens. The article stated that "Evening and weekend deliveries of Meals on Wheels will be eliminated and transportation services for seniors will be scaled back as the Collin County Committee on Aging [...]