Texas is a community property state, what that means is that you and your spouse are liable for all debts incurred within the marriage. Let's take a look at some possible scenarios: My spouse incurred $20,000 in debt for a Porsche he purchased on our 2nd wedding anniversary. Now the vehicle finance company is suing [...]
Election time is here again, which means that proverbial "dirt digging" is back in fashion for every politician out there, left, right and center. One such "dirt digging" campaign is getting a lot of attention. The case of Nathan Deal who is running for governor in Georgia is being branded with the big "B" which [...]
The number of Texans living in poverty increased in 2009 and the number of children dependent on Medicaid also increase. An estimated 428,000 Texans fell into poverty last year, bringing the total to 4.26 million, or 17.3 percent of the state's population. That compared with 15.9 percent in 2008. A family of four is below [...]
Millions of Americans who have suffered a job loss are at risk of a future wage garnishment . Many debtors mistakenly handle the prospect of a wage garnishment by ignoring creditor calls and letters; but that's a serious mistake. Here are a few tips for stopping (or at least delaying) a wage garnishment: Despite popular [...]
Bankruptcy is a great opportunity for many people to get back on track financially, but you need to be honest with the court and your attorney. If you are struggling financially, it is likely that bankruptcy can be a wonderful opportunity for you to turn your finances around. The process is usually easier and smoother [...]
Many debtors considering bankruptcy are afraid that they will miss out on opportunities due to discrimination against them. It's important that debtors understand that it is illegal to discriminate against anyone who has sought relief under the bankruptcy code. A matter of fact, there is a specific section of the bankruptcy code that addresses the [...]
If you've been hanging around any of the debt or bankruptcy forums, you've probably run across the phrase "judgment proof." But does it really mean? When a debtor is judgment proof, it usually means that he/she does not have assets that can be liquidated even if a creditor has a judgment against the debtor. For [...]
Prescreened credit card offers are a disaster waiting to happen when you consider identity theft. Whether you are considering bankruptcy, or if you have already filed for bankruptcy, protecting yourself from identity theft is always a good idea. Identity theft can take a long time to recover from and nobody wants the headache involved with [...]
With the current problems in the economy many businesses are being forced to file Chapter 11 bankruptcy to avoid complete financial disaster. As a result, many employees are finding themselves entangled with the bankruptcy court as creditors and claimants. Oftentimes, businesses that are filing bankruptcy have already missed one or more payrolls leaving many former [...]
Most debtors file for bankruptcy as a last ditch effort to dig themselves out of the hole when their debt troubles are just too much to handle. But often their last stop right before bankruptcy is debt settlement. There are a lot of companies out there that offer debtors the opportunity to settle their debts [...]