The Dallas Morning News reports that in 2009 Texas will allow senior citizens with long-term healthcare insurance to keep more of their personal savings if they need to use Medicaid. Texas insurance officials will offer "private partnership policies" that will offer asset matching protection for those who purchase long-term healthcare insurance. For every dollar an [...]
Associated Press reports that the Bush administration is still exploring bailout options for U.S. automakers; but has suggested that U.S. automakers may have to face an "orderly" bankruptcy. Detroit's big three automakers have suffered the most sluggish sales in 26 years and are quickly running out of cash. The Bush administration says they want to [...]
According to a report released by the Administrative Office of the U.S. Courts, bankruptcy filings rose 30% in 2008. An additional 241,724 bankruptcy filings were received by the court as of September 2008. From Oct. 1, 2007 to Sept. 30, 2008 over 1 million bankruptcies were filed in the United States. That's a dramatic increase [...]
According to the Texas Tax Code, homeowners over the age of 65, disabled persons, and the surviving spouse (55 years old or older) of a person previously entitled to a property tax deferment may be able to defer the payment of property taxes. Persons eligible for tax deferment may be entitled to defer payment of [...]
Many Dallas-Fort Worth residents who can't afford to pay for lights, gas or even hot water face shutoff of their utilities. The most vulnerable citizens in Dallas-Fort Worth to utility shutoffs include senior citizens, the poor and families with young children. If you are facing a utility shutoff, filing for bankruptcy will prevent the utility [...]
According to an article in the Dallas Morning News, the cost of gasoline and heating has declined significantly, that's good news for families facing mounting debt. The EIA report, featured in the article, predicted that the average cost of gasoline could decline to as little as $2.03 per gallon by this time next year. The [...]
A deal is in the works that could possibly put between $14 billion and $17 billion in loans into the hands of the nearly bankrupt automakers who have been petitioning the government for a bailout. The proposal would be funded by money from an existing loan program designed to help automakers build fuel-efficient vehicles. If [...]
General Motors (GM) has appealed to the government for $18 billion in federal loans, that's $6 billion more than it asked for just a few weeks ago. GM says that it needs an immediate injection of $4 billion dollar or it may not be able to remain through the end of the year. That has [...]
Before you whip out your credit card or raid your checking account find out what you may be getting yourself into this Xmas season. Check out a few compelling documentaries about crushing debt, sneaky creditors and revealing news about how even regular checking accounts can give you a nasty bout of debtor's blues this Xmas. [...]
U.S. District Judge Thomas Porteous, a Louisiana jurist, is charged with filing for bankruptcy under a false name along with other misdeeds. Judge Porteous faces impeachment for filing a personal bankruptcy petition for himself and his wife under a false name in 2001, filing false statements under oath during the bankruptcy proceedings and giving money [...]