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Posts tagged "income"

Common questions for debt relief with bankruptcy

Bankruptcy can be a frightening prospect for many people. Some people may view it as a failure or think that a bankruptcy filing will destroy their credibility, and even when people do file for bankruptcy, they may find themselves confused by the many different options. Depending on your circumstances, you may want to file for Chapter 7 bankruptcy or Chapter 13. The good news is that if you need debt relief, there is likely a bankruptcy option for you.

Options for managing student loan debts

It's no secret that student loans in America are continuing to climb out of control. With over $1 trillion in collective student loan debts, there are thousands of Americans who are desperately searching for ways to manage their debts. This article lists many of the most common repayment options, but it may not tell indebted individuals what they want to hear. Unfortunately, when it comes to student loans, your only real option is to pay them.

Bankruptcy can start you on the road to financial recovery

The economy appears to be on the road to recovery, but not everyone can find the access ramp. There are still many Americans who are struggling under the trillion dollar collective student loan debt across our country and many who can only afford to live by charging multiple credit cards. Unfortunately, those credit card debts will only continue to grow if you do not pay them off, and for those who are too far in debt, there may seem like no viable option.

Texas company files for Chapter 7 bankruptcy

A Texas company filed for Chapter 7 bankruptcy near the end of January, citing debts to hundreds of creditors and inability to pay several unsecured investors. The filing comes after a multitude of problems, ranging from massive debts to a $5 million lawsuit. It is expected that the company will be liquidated its $10 - $50 million in assets in order to repay secured creditors. The end of February will see a creditor meeting as the bankruptcy filing moves forward.

New program could mean debt relief for students

Student loan debt is quite possibly the biggest financial crisis currently facing this country. As the nationwide student loan debt crests the $1 trillion mark, many Americans find themselves seeking debt relief in order to lead the lives they want. Debt does not discriminate based on geography, so even Texas residents may find themselves struggling to afford the lifestyle they want with hundreds of dollars a month going toward paying off student loans. And while a new government program may bring hope to some, it is only a small step in the right direction.

Texans have an above average credit card debt

When it comes to credit card debt, there is some good news and some bad news. The good news is that, while the average American credit card debt is more than $3,600 that number is down from last year, and it continues to fall lower. The bad news is that some states have a higher than average credit card debt, and Texas is one of those states. In fact, Texas has the 10th highest credit card debt of any state in the country at a per person average of $4,047.

Debt relief options exist to help you manage debt

There are a lot of things most people probably don’t know about bankruptcy. For many, the word is an instant source of alarm, indicating financial failure. This is far from the truth, however, as there are many different types of bankruptcy that can be used under different circumstances for debt relief. For those who are facing insurmountable debt and see no way out, bankruptcy is a form of debt relief that could be the answer to their prayers.

Student loan debt is growing with no direct debt relief

There are many people in Waco and across the country that could benefit from debt relief. From unexpected medical bills to sudden loss of employment, there are plenty of reasons that someone could be facing mounting debt. But there is one group of people who are stuck with debt almost before they have a chance. From the moment they first take out a loan, they begin a vicious cycle that could leave them in debt for decades to come.

American saving habits are gloomy, but Texas is creating jobs

A new study reports that almost half of U.S. households are cash-poor with very little access to savings. In a ranking of states, the Corporation for Enterprise Development placed Texas 37th on the list for savings wealth. In addition, Texas is 41st for having effective policies in place to rectify this.

Medical debt can burden insured and working people

Although health care has generated many debates over the last few years, there's one thing everyone can agree on: Costs are rising. At the same time, many people's incomes have not increased enough to offset rising medical costs. The reality is that a persistent health problem or catastrophic medical event can have major financial consequences.

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