Bankruptcy & Debt Legal Articles
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Student loan debt in the US, now over $1.5 trillion, only continues to grow. With the well-publicized crisis worsening, there seems to be little anyone can do to prevent the issue from escalating.
A late response to a collections lawsuit may be accepted if you have a valid excuse, but in general, you should plan to answer as soon as possible. Failure to do so can result in negative repercussions, as a default judgment will most likely be granted.
Delinquencies and defaults on student loans are not only damaging to credit; they can lead to collections lawsuits, interception of tax refunds, wage garnishments, and more.
Medical bills are the number one reason for consumers in the US landing in hot water over money matters. If you've used credit cards to pay for co-pays, prescriptions, doctor’s visits, and procedures, you probably maxed out your limit shockingly fast.
Taking on a credit card may seem like a good idea at first, but in many cases, credit cards are a slippery slope offering the temptation to spend more than you can afford.
Houston Bankruptcy attorneys are often asked what happens to mortgage liens in Chapter 7 bankruptcy.
What are the leading causes of personal insolvencies?
On November 5th David’s Bridal filed Chapter 11 bankruptcy.
The bankruptcy system is set up to give you time to reorganize your debts or liquidate your assets depending on the type of bankruptcy you choose.