His picture is on our money, but before he became the president, Abraham Lincoln wasn’t exactly a financial genius. In 1832, the president-to-be purchased a general store in New Salem, Illinois. When the store went bankrupt, Lincoln’s horse was seized and sold to pay...
When you file for bankruptcy in the Dallas-Fort Worth area, an estate is created that includes everything you own as well as anything you are entitled to, such as a tax refund that you haven’t yet received. In a Chapter 7 bankruptcy, the estate property is liquidated...
The economy continues to improve in Texas and across the United States, but not for everybody. Thousands in Texas are still buried under substantial debt. Bankruptcy isn’t for everyone who struggles with mounting debts, and in fact, bankruptcy is rarely your only or...
If you get confused quickly when people start talking about bankruptcy, join the crowd. When you read about bankruptcy, for example, what you’ll read is typically written by people who assume that you know what “Chapter 7” is and what “Chapter 13” is. If you’re in...
When Kristina McKinney was in the U.S. Army, a relative stole her identity and rented six different apartments, leaving her with the bill for plenty of unpaid rent. Creditors started garnishing her wages. Ms. McKinney, now 23 and a manager at a Walgreens in Colorado...
