Month: July 2010

Slow Economic Recovery & Unemployment

According to a recent article, the economic recovery lost momentum in the spring and growth slowed to a 2.4% pace.  That rate is not fast enough to drive down unemployment.  The unemployment rate in our country is nearly a mind boggling 10%.  That makes it very...

Financial Protection for your Family

Many people wonder how much money they should have set aside in case of an emergency.  A good rule of thumb is to make sure that you have 3 to 6 months worth of your salary set aside.  That way, if an emergency occurs you will be prepared.The scary part is, if you...

Rising bankruptcy filings

The number of bankruptcy filings continues to rise.  The surge is primarily because of job losses, and the fact that people are flat out not able to keep up with their mortgage payments.The primary purpose of the amendments to the bankruptcy code back in 2005 was to...

Unauthorized Use of a Motor Vehicle

This offense  is a state jail felony.  It occurs whenever a person intentionally or knowingly operates another's boat, airplane, or motor-propelled vehicle without the effective consent of the owner.In layman's terms, going for a "joy-ride" can result in someone being...

Hidden Fees

A recent article by CCNMoney.com listed a number of hated hidden fees.  One of the fees that were mentioned were fees associated with using your Frequent Flier Miles.  The article went on to question whether it could really be called "reward travel" if you have to pay...

Recession and Bankruptcy

A recent article was written listing statistics about the recession and bankruptcy filings.  It seems that  the outsourcing of many U.S. middle class jobs has led to an uncomfortable separation between the socio-economic classes in our country.83 percent of all U.S....

Texas Deceptive Trade Practices Act

The primary enforcement tool used by the Consumer Protection and Public Health Division of OAG is the Texas Deceptive Trade Practices - Consumer Protection Act, which declares that "False, misleading or deceptive acts or practices in the conduct of any trade or...

Am I eligible to file bankruptcy?

Yes.  The question is which chapter is right for your particular circumstances.  Typically, Chapter 7 is the chapter we recommend if you are eligible.  It is the quickest, the easiest, and in most circumstances, it does the most for you. Chapter 13 bankruptcy is...

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