Tag Archive: bankruptcy

Jul 30

Depending on the kindness of strangers:The only sure result of Detroit’s bankruptcy is that armies of lawyers will make bales of money

  The other shoe finally dropped in Detroit. The once-proud city — variously known as “Motown,” “the Arsenal of Democracy,” and “the City of Champions” — filed for bankruptcy. There’s a local effort to head off the filing, but most people don’t think it will get anywhere. Detroit’s the largest American city ever to do …

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Permanent link to this article: http://www.easttexasreview.com/what-happens-when-you-cant-pay-your-medical-bills-2/

Jun 11

Is credit counseling for you?

By Mary Hunt If there’s one thing that makes many people go hmmmm, it’s the topic of credit counseling. Many people still confuse credit counseling — paying back all of what a borrower owes — with debt settlement and negotiating payoffs of 50 percent or less of what the borrower owes. Others assume incorrectly that …

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Permanent link to this article: http://www.easttexasreview.com/is-credit-counseling-for-you/

Apr 17

Cosigning mistake can drag you down

By Mary Hunt Dear Mary: A few years ago, I cosigned a home loan for my sister. She promised me at the time that she’d refinance within the year and take me off the loan. Well, that never happened, and my sister is in serious financial trouble. The bank is threatening to foreclose on her …

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Permanent link to this article: http://www.easttexasreview.com/cosigning-mistake-can-drag-you-down/

Jan 23

Tax strategies in a tough economy

By Jason Alderman For most of us, income tax calculations don’t change much from year to year. But thanks to the roller coaster economy of the past few years, many people have undergone major life changes that can have a significant impact – good or bad – on their taxable income and how they should …

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Permanent link to this article: http://www.easttexasreview.com/tax-strategies-in-a-tough-economy/