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October 2012 Archives

Sheriff candidate filed Chapter 13 and Chapter 7 bankruptcy

The recent recession has left many people in dire financial straits. However, there are various solutions available for Texas residents who are in trouble. One of the most effective solutions can be to file for bankruptcy. Most people either choose a Chapter 7 or Chapter 13 bankruptcy, each with its own advantages and disadvantages. One Republican candidate for sheriff has filed for both types of bankruptcies in the past.

Credit card company deceptive marketing creates overwhelming debt

Some credit card lenders have been long accused of being deceptive in their marketing practices. It is such deceptive practices which can help to create overwhelming debt for certain consumers in Texas and elsewhere during the recent economic downturn. One of the latest credit card products which have recently been the target of scrutiny is add-on products.

College football coach files Chapter 7 bankruptcy

Anybody can experience financial hardships, including celebrities and athletes. Generally, it is high-profile young athletes which are known to recklessly spend their money and end up in financial trouble. However, sometimes it is the older and wiser athletic figures who can end up with overwhelming debt due to bad financial decisions. It just goes to show that knowledge of sports does not translate into financial knowledge in Texas and elsewhere. This was the case with college football coach John L. Smith, who recently filed for Chapter 7 bankruptcy.

Realty company owner files for Chapter 7 bankruptcy

One of the hardest hit industries during the recent recession was the real estate sector. Continuing economic troubles have had a particularly devastating effect on Texas real estate companies, and many have gone out of business in recent years. One Chapter 7 bankruptcy filing gives some insight into the struggles that face small business owners who operate realty companies, and demonstrates that there is help available when financial troubles compound and debt climbs to overwhelming levels.

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