Posted on January 29th, 2010
A recent study of 60 different Texas counties shows that rates of bankruptcy have risen as more and more homeowners look to avoid foreclosure on their homes. The statistics show that in 2009 alone, $2.28 billion dollars worth of real estate was affected by bankruptcy. Unfortunately, for many homeowners who are struggling to make ends meet, bankruptcy filing may not completely protect them from foreclosure, especially if they fail to make the payments required by their bankruptcy filing.
If you or someone you love is struggling to make regular payments on their debts, contact the Galveston bankruptcy lawyers of Gipson & Norman at 409-765-6000.
Posted on January 21st, 2010
On Friday, Affiliated-Media which owns many newspapers across the nation, announced that it's plan for restructure of it's debts should not affect most of the newspapers it owns. The company filed a "pre-packaged" petition which it hopes will cut it's $930 million-dollar debt down to $165 million. Sources say this makes the 13th bankruptcy filing of a major newspaper publisher within the last year.
If you are a business owner struggling to make regular payments on your debts, you may wish to consider filing for commercial bankruptcy. For assistance with your case, contact the Galveston & Clear Lake bankruptcy attorneys of Gipson & Norman at 281-332-4800 today.
