I personally think we are in a recession. And, I think it is hitting people in a more rural area like North Texas. All major economic indicators indicate our economy is getting worse. We all have to prepare. Here is a good video that describes that our recession is fueled by low wages and consumer […]
Recession Caused By Low Wages And Consumer Debt Read More »
The Fifth Circuit Federal Court of Appeals (the federal appeals court for Texas, Louisiana, and Mississippi) has published an opinion that the Supreme Court’s decision in Till v. SCS Credit Corp., 541 U.S. 465 (2004) did not change the interest rate Chapter 13 debtors had to pay their secured creditors. Before and after the new
What Interest Rate Do You Have To Pay In Bankruptcy? Read More »
As stated on HuffPo, while banks are scrambling for recover, the Fed is repeatedly cutting interest rates, the pawn shop business is booming. What this likely means for the United States economy is not good. What it means for those trying to avoid bankruptcy is likely worse. After a while people will run out of
Are You Pawning Things? You Are Not Alone. Read More »
We have all heard about the personal trauma of a person or family needing to file bankruptcy because they cannot pay all of their bills. They need to file in order to prioritize what has to be paid. They need to protection of the bankruptcy court in order for their creditors to understand what needs
An Entire Town Files Bankruptcy Read More »
Are you feeling the pressure of a constantly worsening economy? These matters are simply beyond your grasp or control. All you can do is do what you can to ride it out. How bad is the economy? The British paper The Independent has declared the USA is headed for the Great Depression of 2008. The
The 2008 Great Depression Read More »
